Insider Selling: Computer Programs and Systems, Inc. (NASDAQ:CPSI) Insider Sells 400 Shares of Stock

Computer Programs and Systems, Inc. (NASDAQ:CPSIGet Rating) insider David A. Dye sold 400 shares of Computer Programs and Systems stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $32.29, for a total value of $12,916.00. Following the sale, the insider now directly owns 50,000 shares of the company’s stock, valued at approximately $1,614,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ:CPSI traded up $0.39 during mid-day trading on Tuesday, reaching $32.70. 1,280 shares of the company’s stock traded hands, compared to its average volume of 76,454. Computer Programs and Systems, Inc. has a 12-month low of $26.11 and a 12-month high of $37.62. The firm has a market capitalization of $482.65 million, a price-to-earnings ratio of 21.37, a PEG ratio of 0.85 and a beta of 0.68. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.73 and a quick ratio of 1.72. The company has a 50 day moving average price of $33.22 and a 200-day moving average price of $31.22.

Computer Programs and Systems (NASDAQ:CPSIGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.15. Computer Programs and Systems had a return on equity of 16.43% and a net margin of 7.71%. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, analysts forecast that Computer Programs and Systems, Inc. will post 2.54 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd purchased a new position in Computer Programs and Systems during the 1st quarter valued at about $25,000. Captrust Financial Advisors grew its holdings in shares of Computer Programs and Systems by 95.8% during the 1st quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after acquiring an additional 574 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Computer Programs and Systems during the 3rd quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Computer Programs and Systems by 252.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock worth $88,000 after acquiring an additional 2,151 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Computer Programs and Systems by 775.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,473 shares of the company’s stock worth $154,000 after acquiring an additional 3,962 shares during the period. Institutional investors own 87.05% of the company’s stock.

Several equities research analysts have issued reports on CPSI shares. SVB Leerink lifted their price target on Computer Programs and Systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Computer Programs and Systems from $39.00 to $43.00 in a research note on Thursday, May 5th. Zacks Investment Research raised Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, April 19th. Finally, StockNews.com lowered Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 9th.

About Computer Programs and Systems (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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