David A. Dye Sells 750 Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) Stock
Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) insider David A. Dye sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $31.94, for a total transaction of $23,955.00. Following the completion of the sale, the insider now owns 66,515 shares in the company, valued at approximately $2,124,489.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Computer Programs and Systems stock traded down $0.52 during mid-day trading on Monday, hitting $31.79. The company’s stock had a trading volume of 113,475 shares, compared to its average volume of 90,913. The company has a quick ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $469.35 million, a P/E ratio of 20.78, a P/E/G ratio of 0.85 and a beta of 0.68. Computer Programs and Systems, Inc. has a twelve month low of $26.11 and a twelve month high of $37.62. The stock’s fifty day moving average price is $32.51 and its two-hundred day moving average price is $31.11.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.12. The firm had revenue of $77.87 million for the quarter, compared to analyst estimates of $74.98 million. Computer Programs and Systems had a net margin of 7.71% and a return on equity of 16.43%. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities analysts expect that Computer Programs and Systems, Inc. will post 2.54 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC grew its position in Computer Programs and Systems by 3.5% in the first quarter. Rice Hall James & Associates LLC now owns 84,221 shares of the company’s stock worth $2,901,000 after buying an additional 2,861 shares during the last quarter. Connors Investor Services Inc. grew its position in Computer Programs and Systems by 5.0% in the first quarter. Connors Investor Services Inc. now owns 126,651 shares of the company’s stock worth $4,363,000 after buying an additional 5,986 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in Computer Programs and Systems in the first quarter worth approximately $597,000. Jane Street Group LLC acquired a new position in Computer Programs and Systems in the 1st quarter worth approximately $227,000. Finally, Point72 Hong Kong Ltd acquired a new position in Computer Programs and Systems in the 1st quarter worth approximately $25,000. Hedge funds and other institutional investors own 87.05% of the company’s stock.
A number of research analysts recently commented on CPSI shares. SVB Leerink raised their price objective on shares of Computer Programs and Systems from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Computer Programs and Systems from $39.00 to $43.00 in a research note on Thursday, May 5th. Finally, StockNews.com lowered shares of Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 3rd.
Computer Programs and Systems Company Profile (Get 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 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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