David A. Dye Sells 400 Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) Stock

Computer Programs and Systems, Inc. (NASDAQ:CPSI) insider David A. Dye sold 400 shares of Computer Programs and Systems stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $36.21, for a total value of $14,484.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

David A. Dye also recently made the following trade(s):

  • On Monday, August 16th, David A. Dye sold 400 shares of Computer Programs and Systems stock. The shares were sold at an average price of $34.62, for a total value of $13,848.00.
  • On Thursday, July 15th, David A. Dye sold 400 shares of Computer Programs and Systems stock. The shares were sold at an average price of $30.91, for a total value of $12,364.00.

Shares of CPSI stock opened at $35.76 on Friday. Computer Programs and Systems, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $37.27. The firm has a market capitalization of $523.81 million, a price-to-earnings ratio of 27.94, a PEG ratio of 1.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.41 and a current ratio of 1.44. The stock’s 50-day simple moving average is $33.89 and its 200-day simple moving average is $32.46.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Monday, August 2nd. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.23. Computer Programs and Systems had a return on equity of 10.94% and a net margin of 6.87%. The business had revenue of $68.53 million for the quarter, compared to analyst estimates of $67.24 million. As a group, equities analysts forecast that Computer Programs and Systems, Inc. will post 2.32 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC lifted its holdings in shares of Computer Programs and Systems by 3.2% during the second quarter. Parametric Portfolio Associates LLC now owns 61,928 shares of the company’s stock worth $2,058,000 after purchasing an additional 1,907 shares during the period. Morgan Stanley lifted its holdings in shares of Computer Programs and Systems by 217.1% during the second quarter. Morgan Stanley now owns 104,820 shares of the company’s stock worth $3,483,000 after purchasing an additional 71,766 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Computer Programs and Systems by 2.3% during the second quarter. Wells Fargo & Company MN now owns 225,565 shares of the company’s stock worth $7,494,000 after purchasing an additional 4,967 shares during the period. Metropolitan Life Insurance Co NY lifted its holdings in shares of Computer Programs and Systems by 90,380.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 4,524 shares of the company’s stock worth $150,000 after purchasing an additional 4,519 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Computer Programs and Systems during the second quarter worth about $3,196,000. 85.80% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on CPSI. Deutsche Bank Aktiengesellschaft lifted their target price on Computer Programs and Systems from $28.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, August 4th. Zacks Investment Research upgraded 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. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Computer Programs and Systems presently has an average rating of “Buy” and an average target price of $35.25.

About Computer Programs and Systems

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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