Computer Programs & Systems, Inc. (NASDAQ:CPSI) Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC decreased its position in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 19.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,214 shares of the company’s stock after selling 2,200 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Computer Programs & Systems were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPSI. Victory Capital Management Inc. grew its position in shares of Computer Programs & Systems by 11.9% during the 1st quarter. Victory Capital Management Inc. now owns 19,442 shares of the company’s stock valued at $433,000 after acquiring an additional 2,069 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Computer Programs & Systems by 11.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,173 shares of the company’s stock valued at $115,000 after purchasing an additional 515 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Computer Programs & Systems by 50.9% in the first quarter. Parametric Portfolio Associates LLC now owns 86,277 shares of the company’s stock valued at $1,920,000 after purchasing an additional 29,117 shares during the period. Nuveen Asset Management LLC increased its position in shares of Computer Programs & Systems by 42.0% in the first quarter. Nuveen Asset Management LLC now owns 133,276 shares of the company’s stock valued at $2,965,000 after buying an additional 39,401 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Computer Programs & Systems by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 187,057 shares of the company’s stock worth $4,162,000 after buying an additional 9,991 shares during the period. Hedge funds and other institutional investors own 78.21% of the company’s stock.

NASDAQ CPSI opened at $28.64 on Friday. The business’s fifty day simple moving average is $27.28 and its 200-day simple moving average is $24.52. 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 firm has a market cap of $415.62 million, a PE ratio of 19.35, a P/E/G ratio of 2.46 and a beta of 0.61. Computer Programs & Systems, Inc. has a 52 week low of $16.93 and a 52 week high of $35.78.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Tuesday, August 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.34. The company 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%. Research analysts expect that Computer Programs & Systems, Inc. will post 0.94 EPS for the current year.

In other Computer Programs & Systems news, CFO Matt J. Chambless sold 13,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $28.34, for a total transaction of $368,420.00. Following the transaction, the chief financial officer now directly owns 38,607 shares in the company, valued at $1,094,122.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John B. Douglas, Jr. sold 5,000 shares of Computer Programs & Systems stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $27.00, for a total value of $135,000.00. Following the completion of the sale, the chief executive officer now directly owns 237,307 shares of the company’s stock, valued at $6,407,289. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,142 shares of company stock worth $1,441,369. Corporate insiders own 12.30% of the company’s stock.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 1st. Truist raised their price target on shares of Computer Programs & Systems from $24.00 to $28.00 in a research note on Tuesday, September 1st. SVB Leerink boosted their price objective on Computer Programs & Systems from $31.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. Zacks Investment Research raised Computer Programs & Systems from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Tuesday, October 6th. Finally, BidaskClub raised Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 11th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.70.

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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