Computer Programs and Systems, Inc. (NASDAQ:CPSI) Insider David A. Dye sells 400 shares


Insider David A. Dye of Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) sold 400 shares in a trade on Monday, April 18. The stock was sold at an average price of $33.60, for a total value of $13,440.00. Following the transaction, the insider now owns 50,400 shares of the company, valued at approximately $1,693,440. The transaction was disclosed in a document filed with the SEC, accessible via the SEC’s website.

Shares of CPSI opened at $33.56 on Wednesday. The company’s 50-day moving average is $32.59. The stock has a market capitalization of $496.18 million, a PE ratio of 26.64, a price-to-earnings growth ratio of 0.99 and a beta of 0.67. The company has a debt ratio of 0.43, a current ratio of 1.49 and a quick ratio of 1.47. Computer Programs and Systems, Inc. has a 52-week low of $26.11 and a 52-week high of $37.62.

Computer Programs and Systems (NASDAQ:CPSI – Get Rating) released its quarterly results for the last time on Tuesday, February 15. The company reported earnings per share of $0.63 for the quarter, beating the consensus estimate of $0.46 by $0.17. Computer Programs and Systems had a return on equity of 14.09% and a net margin of 6.57%. The company posted revenue of $74.00 million for the quarter, versus $70.04 million expected by analysts. In the same quarter last year, the company posted EPS of $0.22. As a group, research analysts predict that Computer Programs and Systems, Inc. will post earnings per share of 2.44 for the current year.

CPSI has been the subject of several research reports. SVB Leerink raised its price target on computer programs and systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a Thursday, March 3 research note. Zacks Investment Research upgraded computer programs and systems from a “hold” to a “buy” rating and set a price target of $37.00 on the stock in a report released Tuesday. StockNews.com began covering computer programs and systems in a report on Thursday, March 31. They set a “Strong Buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised its price target on computer programs and systems from $31.00 to $39.00 and gave the stock a “hold” rating in a Friday, March 4 report. Two investment analysts gave the stock a hold rating, two issued a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $36.50.

Major investors have recently increased or reduced their stakes in the company. Royal Bank of Canada increased its position in computer programs and systems stocks by 12.1% during the second quarter. Royal Bank of Canada now owns 5,265 shares of the company valued at $175,000 after buying an additional 569 shares in the last quarter. Morgan Stanley increased its position in computer programs and systems stocks by 217.1% during the second quarter. Morgan Stanley now owns 104,820 shares of the company valued at $3,483,000 after buying an additional 71,766 shares in the last quarter. Strs Ohio increased its position in computer programs and systems stocks by 170.6% during the third quarter. Strs Ohio now owns 9,200 shares of the company valued at $326,000 after purchasing an additional 5,800 shares in the last quarter. The New York State Teachers’ Retirement System increased its position in computer programs and systems stocks by 4.2% during the third quarter. The New York State Teachers’ Retirement System now owns 11,207 shares of the company valued at $397,000 after purchasing an additional 456 shares last quarter. Finally, Amalgamated Bank increased its position in computer programs and systems shares by 8.3% during the 3rd quarter. Amalgamated Bank now owns 6,985 shares of the company valued at $248,000 after buying an additional 538 shares in the last quarter. 91.93% of the shares are currently held by hedge funds and other institutional investors.

About computer programs and systems (Get a rating)

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 allows a hospital to identify a patient at various points in the healthcare delivery system, as well as collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business desktop applications to track and coordinate information needed for managerial decision-making.

Read more

Insider buying and selling by quarter for computer programs and systems (NASDAQ:CPSI)



Receive daily news and ratings for computer programs and systems – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for computer programs and systems and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.