Computer Programs and Systems, Inc. (NASDAQ:CPSI) CEO Sells $32,450.00 in Stock

Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) CEO John B. Douglas, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $32.45, for a total transaction of $32,450.00. Following the completion of the transaction, the chief executive officer now directly owns 232,865 shares in the company, valued at $7,556,469.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ CPSI traded down $0.78 during midday trading on Tuesday, reaching $31.53. 1,470 shares of the stock were exchanged, compared to its average volume of 59,452. The business’s 50-day moving average is $33.30. The stock has a market capitalization of $466.01 million, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 0.91 and a beta of 0.68. Computer Programs and Systems, Inc. has a 12 month low of $26.11 and a 12 month high of $37.62. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.43.

Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last posted its quarterly earnings data on Tuesday, February 15th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.46 by $0.17. The business had revenue of $74.00 million for the quarter, compared to analysts’ expectations of $70.04 million. Computer Programs and Systems had a net margin of 6.57% and a return on equity of 14.09%. During the same period in the previous year, the firm posted $0.22 EPS. Equities research analysts anticipate that Computer Programs and Systems, Inc. will post 2.5 earnings per share for the current year.

A number of brokerages have issued reports on CPSI. StockNews.com began coverage on shares of Computer Programs and Systems in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Computer Programs and Systems from $31.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, March 4th. Zacks Investment Research raised shares of Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, April 19th. Finally, SVB Leerink lifted their price target on shares of Computer Programs and Systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, March 3rd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $36.50.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in Computer Programs and Systems in the 3rd quarter valued at $51,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Computer Programs and Systems by 252.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock valued at $88,000 after acquiring an additional 2,151 shares in the last quarter. Royal Bank of Canada lifted its position in Computer Programs and Systems by 12.1% in the 2nd quarter. Royal Bank of Canada now owns 5,265 shares of the company’s stock valued at $175,000 after acquiring an additional 569 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Computer Programs and Systems by 9.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,639 shares of the company’s stock valued at $165,000 after acquiring an additional 481 shares in the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in Computer Programs and Systems in the 1st quarter valued at $204,000. 87.05% of the stock is currently owned by institutional investors and hedge funds.

Computer Programs and Systems Company Profile (Get 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 to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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