LSV Asset Management Invests $1.69 Million in Computer Programs & Systems, Inc. (CPSI) Stock

LSV Asset Management bought a new stake in Computer Programs & Systems, Inc. (NASDAQ:CPSI) during the 4th quarter, Holdings Channel reports. The firm bought 56,300 shares of the company’s stock, valued at approximately $1,691,000.

A number of other hedge funds have also recently added to or reduced their stakes in CPSI. BNP Paribas Arbitrage SA lifted its holdings in Computer Programs & Systems by 57.2% in the third quarter. BNP Paribas Arbitrage SA now owns 6,001 shares of the company’s stock valued at $177,000 after buying an additional 2,183 shares during the period. Thrivent Financial For Lutherans acquired a new position in Computer Programs & Systems in the second quarter valued at $211,000. Voya Investment Management LLC acquired a new position in Computer Programs & Systems in the second quarter valued at $211,000. Dynamic Technology Lab Private Ltd acquired a new position in Computer Programs & Systems in the second quarter valued at $226,000. Finally, Macquarie Group Ltd. acquired a new position in Computer Programs & Systems in the third quarter valued at $227,000. Institutional investors and hedge funds own 96.21% of the company’s stock.

In other news, EVP Victor S. Schneider sold 1,695 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $29.45, for a total transaction of $49,917.75. Following the transaction, the executive vice president now owns 41,657 shares in the company, valued at $1,226,798.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. The disclosure for this sale can be found here. Insiders have sold 7,868 shares of company stock worth $236,043 in the last quarter. Company insiders own 3.70% of the company’s stock.

Several equities analysts recently issued reports on CPSI shares. Dougherty & Co restated a “buy” rating on shares of Computer Programs & Systems in a report on Monday. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Cantor Fitzgerald restated a “hold” rating and issued a $32.00 target price on shares of Computer Programs & Systems in a report on Thursday, February 8th. Citigroup started coverage on shares of Computer Programs & Systems in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, KeyCorp restated a “sell” rating and issued a $23.00 target price on shares of Computer Programs & Systems in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.33.

Computer Programs & Systems, Inc. (NASDAQ CPSI) opened at $30.80 on Thursday. Computer Programs & Systems, Inc. has a fifty-two week low of $25.40 and a fifty-two week high of $36.15. The firm has a market cap of $423.69, a PE ratio of -24.25, a PEG ratio of 1.79 and a beta of 0.09. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.17. Computer Programs & Systems had a negative net margin of 6.29% and a positive return on equity of 12.06%. The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $69.24 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. sell-side analysts forecast that Computer Programs & Systems, Inc. will post 1.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.30%. Computer Programs & Systems’s dividend payout ratio is currently -31.50%.

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Computer Programs & Systems Company Profile

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

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

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