Connors Investor Services Inc. Buys 5,986 Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI)

Connors Investor Services Inc. boosted its stake in Computer Programs and Systems, Inc. (NASDAQ:CPSIGet Rating) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,651 shares of the company’s stock after acquiring an additional 5,986 shares during the quarter. Connors Investor Services Inc. owned 0.86% of Computer Programs and Systems worth $4,363,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Computer Programs and Systems during the 1st quarter worth about $25,000. Captrust Financial Advisors lifted its position in 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 buying an additional 574 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in 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 buying an additional 3,962 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in Computer Programs and Systems by 259.3% during the 1st quarter. Ensign Peak Advisors Inc now owns 5,030 shares of the company’s stock worth $173,000 after buying an additional 3,630 shares in the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in Computer Programs and Systems during the 1st quarter worth about $204,000. 90.16% of the stock is owned by institutional investors.

Computer Programs and Systems Stock Down 3.3 %

Computer Programs and Systems stock opened at $29.58 on Wednesday. The firm has a market capitalization of $434.56 million, a PE ratio of 22.41, a P/E/G ratio of 0.78 and a beta of 0.67. The company’s 50-day moving average is $31.43 and its 200-day moving average is $32.26. Computer Programs and Systems, Inc. has a fifty-two week low of $26.11 and a fifty-two week high of $37.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.79 and a quick ratio of 1.76.

Computer Programs and Systems (NASDAQ:CPSIGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Computer Programs and Systems had a return on equity of 14.95% and a net margin of 6.35%. During the same quarter last year, the business earned $0.67 EPS. Sell-side analysts anticipate that Computer Programs and Systems, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 1st.

Insider Transactions at Computer Programs and Systems

In related news, insider David A. Dye sold 750 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $33.76, for a total value of $25,320.00. Following the transaction, the insider now owns 65,015 shares in the company, valued at approximately $2,194,906.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Christopher L. Fowler sold 1,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $31.79, for a total value of $31,790.00. Following the transaction, the chief executive officer now owns 67,038 shares in the company, valued at approximately $2,131,138.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David A. Dye sold 750 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $33.76, for a total transaction of $25,320.00. Following the completion of the sale, the insider now directly owns 65,015 shares of the company’s stock, valued at approximately $2,194,906.40. The disclosure for this sale can be found here. Insiders have sold 2,900 shares of company stock worth $93,902 in the last ninety days. Insiders own 4.20% of the company’s stock.

Computer Programs and Systems Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for Computer Programs and Systems (NASDAQ:CPSI)

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