5925 Shares in Computer Programs and Systems, Inc. (NASDAQ:CPSI) Acquired by Maryland State Retirement & Pension System – Defense World
Posted by admin on Jun 25th, 2022 
Maryland State Retirement & Pension System bought a new position in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,925 shares of the company’s stock, valued at approximately $204,000.
Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Computer Programs and Systems by 252.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock worth $88,000 after acquiring an additional 2,151 shares during the last quarter. Adams Wealth Management increased its stake in Computer Programs and Systems by 37.2% during the fourth quarter. Adams Wealth Management now owns 15,917 shares of the company’s stock worth $466,000 after acquiring an additional 4,318 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in Computer Programs and Systems during the fourth quarter worth $219,000. Thrivent Financial for Lutherans increased its stake in Computer Programs and Systems by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 11,840 shares of the company’s stock worth $420,000 after acquiring an additional 1,364 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Computer Programs and Systems by 579.3% during the third quarter. Two Sigma Advisers LP now owns 47,100 shares of the company’s stock worth $1,670,000 after acquiring an additional 40,166 shares during the last quarter. 87.05% of the stock is owned by institutional investors.
CPSI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Computer Programs and Systems from $39.00 to $43.00 in a research note on Thursday, May 5th. SVB Leerink lifted their price objective on 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. Finally, StockNews.com cut Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 17th.
Shares of NASDAQ CPSI opened at $32.27 on Friday. Computer Programs and Systems, Inc. has a twelve month low of $26.11 and a twelve month high of $37.62. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $32.09 and a 200-day simple moving average of $31.15. The stock has a market capitalization of $476.43 million, a PE ratio of 21.27, a PEG ratio of 0.78 and a beta of 0.68.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The firm had revenue of $77.87 million during the quarter, compared to analyst estimates of $74.98 million. Computer Programs and Systems had a return on equity of 16.43% and a net margin of 7.71%. During the same period last year, the business posted $0.28 earnings per share. On average, equities analysts predict that Computer Programs and Systems, Inc. will post 2.65 earnings per share for the current year.
In related news, Director Glenn Tobin sold 2,000 shares of Computer Programs and Systems stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $32.29, for a total value of $64,580.00. Following the completion of the transaction, the director now directly owns 19,742 shares in the company, valued at $637,469.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Dye sold 1,000 shares of Computer Programs and Systems stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $34.87, for a total value of $34,870.00. Following the sale, the insider now directly owns 68,265 shares of the company’s stock, valued at $2,380,400.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,925 shares of company stock valued at $418,444. 4.20% of the stock is currently owned by company insiders.
About Computer Programs and Systems (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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