Robert D. Hinckle Sells 5,975 Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) Stock

Computer Programs and Systems, Inc. (NASDAQ:CPSIGet Rating) VP Robert D. Hinckle sold 5,975 shares of the stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $32.19, for a total transaction of $192,335.25. Following the completion of the sale, the vice president now directly owns 37,000 shares in the company, valued at $1,191,030. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CPSI stock traded up $0.39 during mid-day trading on Tuesday, reaching $32.70. The company had a trading volume of 1,280 shares, compared to its average volume of 76,454. 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 market capitalization of $482.65 million, a PE ratio of 21.12, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The firm has a 50 day moving average of $33.22 and a 200 day moving average of $31.22. Computer Programs and Systems, Inc. has a 12 month low of $26.11 and a 12 month high of $37.62.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPSI. Invesco Ltd. boosted its stake in shares of Computer Programs and Systems by 282.6% during the fourth quarter. Invesco Ltd. now owns 379,444 shares of the company’s stock valued at $11,117,000 after purchasing an additional 280,267 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Computer Programs and Systems during the third quarter valued at approximately $6,443,000. Allspring Global Investments Holdings LLC bought a new position in shares of Computer Programs and Systems during the fourth quarter valued at approximately $5,056,000. River Road Asset Management LLC boosted its stake in shares of Computer Programs and Systems by 16.7% during the fourth quarter. River Road Asset Management LLC now owns 1,191,870 shares of the company’s stock valued at $34,922,000 after purchasing an additional 170,638 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Computer Programs and Systems by 114.4% during the first quarter. JPMorgan Chase & Co. now owns 302,878 shares of the company’s stock valued at $10,434,000 after purchasing an additional 161,603 shares in the last quarter. Hedge funds and other institutional investors own 87.05% of the company’s stock.

CPSI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Computer Programs and Systems from $39.00 to $43.00 in a research report on Thursday, May 5th. StockNews.com lowered shares of Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 9th. SVB Leerink increased their price objective 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. Finally, Zacks Investment Research upgraded shares of Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Tuesday, April 19th.

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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