Victor S. Schneider Sells 8,000 Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) Stock

Computer Programs & Systems, Inc. (NASDAQ:CPSI) EVP Victor S. Schneider sold 8,000 shares of Computer Programs & Systems stock in a transaction on Friday, September 11th. The stock was sold at an average price of $27.54, for a total transaction of $220,320.00. Following the completion of the transaction, the executive vice president now owns 52,501 shares in the company, valued at approximately $1,445,877.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

NASDAQ:CPSI opened at $26.59 on Wednesday. The firm has a market cap of $397.49 million, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. Computer Programs & Systems, Inc. has a 12 month low of $16.93 and a 12 month high of $35.78. The company has a quick ratio of 1.96, a current ratio of 2.00 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $27.54 and its two-hundred day moving average price is $23.87.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.34. The firm had revenue of $59.55 million for the quarter, compared to analyst estimates of $58.79 million. Computer Programs & Systems had a net margin of 7.90% and a return on equity of 11.52%. On average, research analysts expect that Computer Programs & Systems, Inc. will post 0.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Computer Programs & Systems’s payout ratio is 27.97%.

Several research analysts recently commented on the stock. Deutsche Bank lifted their target price on shares of Computer Programs & Systems from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. KeyCorp upgraded shares of Computer Programs & Systems from an “underweight” rating to a “sector weight” rating in a report on Thursday, September 10th. BidaskClub upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Friday, September 11th. ValuEngine upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Friday, September 11th. Finally, SVB Leerink boosted their price objective on shares of Computer Programs & Systems from $31.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, September 10th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Computer Programs & Systems currently has an average rating of “Hold” and a consensus target price of $28.40.

Several hedge funds have recently made changes to their positions in CPSI. SG Americas Securities LLC acquired a new position in shares of Computer Programs & Systems during the first quarter worth approximately $102,000. Victory Capital Management Inc. raised its stake in shares of Computer Programs & Systems by 11.9% during the first quarter. Victory Capital Management Inc. now owns 19,442 shares of the company’s stock worth $433,000 after buying an additional 2,069 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Computer Programs & Systems during the first quarter worth approximately $264,000. New York State Common Retirement Fund raised its stake in shares of Computer Programs & Systems by 111.4% during the first quarter. New York State Common Retirement Fund now owns 22,410 shares of the company’s stock worth $499,000 after buying an additional 11,810 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Computer Programs & Systems by 4.6% during the first quarter. Rhumbline Advisers now owns 45,146 shares of the company’s stock worth $1,004,000 after buying an additional 1,978 shares during the last quarter. Institutional investors own 78.21% 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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