John B. Douglas, Jr. Sells 2,605 Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) Stock

Computer Programs & Systems, Inc. (NASDAQ:CPSI) insider John B. Douglas, Jr. sold 2,605 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $27.51, for a total transaction of $71,663.55. Following the sale, the insider now directly owns 240,568 shares of the company’s stock, valued at approximately $6,618,025.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CPSI opened at $26.95 on Thursday. The firm has a market capitalization of $390.17 million, a price-to-earnings ratio of 13.89, a PEG ratio of 1.77 and a beta of 0.38. Computer Programs & Systems, Inc. has a twelve month low of $23.81 and a twelve month high of $34.65. The stock’s 50-day simple moving average is $26.64. The company has a quick ratio of 1.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.73.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The business had revenue of $69.14 million for the quarter, compared to analyst estimates of $70.81 million. Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities analysts anticipate that Computer Programs & Systems, Inc. will post 1.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 16th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. Computer Programs & Systems’s payout ratio is presently 20.62%.

A number of analysts have recently commented on the stock. BidaskClub raised shares of Computer Programs & Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Computer Programs & Systems from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, May 8th. Dougherty & Co reissued a “buy” rating and set a $33.00 target price (down previously from $38.00) on shares of Computer Programs & Systems in a research note on Friday, May 3rd. ValuEngine cut shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Finally, SunTrust Banks lowered their price target on shares of Computer Programs & Systems to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.01.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank boosted its position in Computer Programs & Systems by 4.2% during the first quarter. Comerica Bank now owns 12,065 shares of the company’s stock worth $369,000 after acquiring an additional 488 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Computer Programs & Systems by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 97,201 shares of the company’s stock valued at $2,440,000 after purchasing an additional 527 shares during the last quarter. Legal & General Group Plc boosted its holdings in Computer Programs & Systems by 2.2% in the 4th quarter. Legal & General Group Plc now owns 26,072 shares of the company’s stock valued at $656,000 after purchasing an additional 562 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Computer Programs & Systems by 9.1% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,543 shares of the company’s stock valued at $265,000 after purchasing an additional 883 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Computer Programs & Systems by 4.8% in the 4th quarter. Prudential Financial Inc. now owns 20,735 shares of the company’s stock valued at $520,000 after purchasing an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

Computer Programs & Systems Company Profile

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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