Insider Sale: Computer Programs and Systems, Inc. (NASDAQ: CPSI) Insider sells 400 shares

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Insider David A. Dye of Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) sold 400 shares in a trade that took place on Monday, October 17. The stock was sold at an average price of $28.78, for a total value of $11,512.00. Following the completion of the sale, the insider now owns 48,000 shares of the company, valued at $1,381,440. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website.

Computer programs and system stock performance

Computer programs and systems shares were up $0.24 midday Tuesday, hitting $28.99. 269 ​​shares of the company have been traded, against an average volume of 74,402. The company has a market capitalization of $425.86 million, a PE ratio of 21.78, a growth price/earnings ratio of 0 .75 and a beta of 0.68. Computer Programs and Systems, Inc. has a fifty-two week minimum of $26.11 and a fifty-two week maximum of $37.62. The company has a fifty-day simple moving average of $29.51 and a two-hundred-day simple moving average of $31.34. The company has a debt ratio of 0.59, a quick ratio of 1.76 and a current ratio of 1.79.

Computer Programs and Systems (NASDAQ: CPSI – Get Rating) last released its results on Tuesday, August 2. The company reported EPS of $0.50 for the quarter, missing the consensus estimate of $0.60 per ($0.10). Computer Programs and Systems had a return on equity of 14.95% and a net margin of 6.35%. The company posted revenue of $82.73 million for the quarter, versus analyst estimates of $78.18 million. During the same period last year, the company earned earnings per share of $0.67. On average, sell-side analysts expect Computer Programs and Systems, Inc. to post earnings per share of 2.52 for the current year.

Analysts set new price targets

CPSI has been the subject of several research reports. TheStreet upgraded computer programs and systems from a “b” to a “c+” rating in a Friday, October 7 report. StockNews.com began covering computer programs and systems in a report on Wednesday, October 12. They issued a “buy” rating on the stock.

Institutional trading of computer programs and systems

Several institutional investors have recently bought and sold shares of CPSI. Thrivent Financial for Lutherans raised its position in computer programs and systems stocks by 21.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,505 shares of the company valued at $464,000 after acquiring 2,580 additional shares last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Computer Programs and Systems in the second quarter, valued at around $51,000. State Street Corp raised its position in computer programs and systems stocks by 0.7% in the second quarter. State Street Corp now owns 605,451 shares of the company valued at $19,356,000 after acquiring 4,377 additional shares last quarter. Cubist Systematic Strategies LLC raised its position in computer programs and systems stocks by 73.5% in the second quarter. Cubist Systematic Strategies LLC now owns 14,710 shares of the company valued at $470,000 after acquiring an additional 6,232 shares in the last quarter. Finally, Sei Investments Co. raised its position in computer programs and systems stocks by 19.1% in the second quarter. Sei Investments Co. now owns 95,517 shares of the company valued at $3,054,000 after acquiring an additional 15,341 shares in the last quarter. 90.16% of the shares are held by institutional investors and hedge funds.

About computer programs and systems

(Get a rating)

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business desktop applications to track and coordinate information needed for managerial decision-making.

Further reading

Insider buying and selling by quarter for computer programs and systems (NASDAQ:CPSI)

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