Nuveen Asset Management LLC Boosts Position in Computer Programs & Systems, Inc. (NASDAQ:CPSI)

Nuveen Asset Management LLC lifted its stake in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 42.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,276 shares of the company’s stock after acquiring an additional 39,401 shares during the period. Nuveen Asset Management LLC owned 0.92% of Computer Programs & Systems worth $2,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its holdings in shares of Computer Programs & Systems by 11.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,173 shares of the company’s stock worth $115,000 after acquiring an additional 515 shares during the period. Swiss National Bank raised its holdings in shares of Computer Programs & Systems by 2.7% during the 1st quarter. Swiss National Bank now owns 26,400 shares of the company’s stock worth $587,000 after acquiring an additional 700 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of Computer Programs & Systems by 36.7% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 3,877 shares of the company’s stock worth $86,000 after acquiring an additional 1,040 shares during the period. Kennedy Capital Management Inc. raised its holdings in shares of Computer Programs & Systems by 0.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 196,786 shares of the company’s stock worth $5,195,000 after acquiring an additional 1,284 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Computer Programs & Systems by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 77,925 shares of the company’s stock valued at $2,058,000 after buying an additional 1,951 shares during the period. Institutional investors and hedge funds own 78.42% of the company’s stock.

NASDAQ CPSI opened at $22.02 on Wednesday. The company has a market cap of $312.30 million, a P/E ratio of 14.88, a P/E/G ratio of 2.03 and a beta of 0.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.65 and a quick ratio of 1.62. The stock has a 50-day moving average of $22.30 and a two-hundred day moving average of $24.34. Computer Programs & Systems, Inc. has a 1-year low of $16.93 and a 1-year high of $35.78.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. Computer Programs & Systems had a return on equity of 11.85% and a net margin of 7.67%. The business had revenue of $69.76 million during the quarter, compared to the consensus estimate of $69.30 million. On average, analysts anticipate that Computer Programs & Systems, Inc. will post 0.86 EPS for the current fiscal year.

Several analysts recently issued reports on the stock. Wells Fargo & Co reduced their price objective on shares of Computer Programs & Systems from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 27th. SunTrust Banks reduced their price objective on shares of Computer Programs & Systems from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, May 7th. Cantor Fitzgerald upgraded shares of Computer Programs & Systems from a “neutral” rating to an “overweight” rating in a report on Friday, May 8th. Finally, KeyCorp reduced their price objective on shares of Computer Programs & Systems from $26.00 to $20.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.70.

In other news, COO Christopher L. Fowler sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $23.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief operating officer now directly owns 61,026 shares of the company’s stock, valued at $1,403,598. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Dye sold 3,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.31, for a total value of $72,930.00. Insiders own 12.30% of the company’s stock.

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

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