Christopher L. Fowler Sells 1,000 Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) Stock

Computer Programs and Systems, Inc. (NASDAQ:CPSI) COO Christopher L. Fowler sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 15th. The shares were sold at an average price of $36.53, for a total transaction of $36,530.00. Following the transaction, the chief operating officer now directly owns 49,838 shares in the company, valued at approximately $1,820,582.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christopher L. Fowler also recently made the following trade(s):

  • On Monday, August 16th, Christopher L. Fowler sold 1,000 shares of Computer Programs and Systems stock. The shares were sold at an average price of $34.86, for a total transaction of $34,860.00.

Shares of CPSI stock opened at $35.76 on Friday. The company’s fifty day simple moving average is $33.89 and its 200-day simple moving average is $32.46. Computer Programs and Systems, Inc. has a 52 week low of $24.57 and a 52 week high of $37.27. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.53. The company has a market cap of $523.81 million, a PE ratio of 27.94, a P/E/G ratio of 1.09 and a beta of 0.71.

Computer Programs and Systems (NASDAQ:CPSI) last issued its earnings results on Monday, August 2nd. The company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.23. Computer Programs and Systems had a net margin of 6.87% and a return on equity of 10.94%. The business had revenue of $68.53 million for the quarter, compared to the consensus estimate of $67.24 million. Equities research analysts expect that Computer Programs and Systems, Inc. will post 2.32 EPS for the current fiscal year.

A number of research firms have weighed in on CPSI. Zacks Investment Research raised shares of Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, August 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Computer Programs and Systems from $28.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $35.25.

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of Computer Programs and Systems by 1,848.0% in the 1st quarter. Captrust Financial Advisors now owns 974 shares of the company’s stock valued at $30,000 after acquiring an additional 924 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of Computer Programs and Systems by 66.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,000 shares of the company’s stock valued at $33,000 after acquiring an additional 400 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Computer Programs and Systems in the 2nd quarter valued at $44,000. Ensign Peak Advisors Inc purchased a new position in shares of Computer Programs and Systems in the 1st quarter valued at $43,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Computer Programs and Systems by 200.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 3,600 shares of the company’s stock valued at $110,000 after purchasing an additional 2,400 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors and hedge funds.

Computer Programs and Systems Company Profile

Computer Programs & Systems, Inc provides healthcare information technology solutions and services. It operates through the following segments: Acute Care EHR, Post-acute Care EHR, and TruBridge. The Acute EHR segment provides acute care electronic health record (EHR) solutions, Thrive and Centriq, and related services for community hospitals and their physician clinics.

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Insider Buying and Selling by Quarter for Computer Programs and Systems (NASDAQ:CPSI)

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