Computer Programs and Systems, Inc. (NASDAQ:CPSI) Short Interest Update – MarketBeat
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Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 279,800 shares, an increase of 6.0% from the October 31st total of 263,900 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,700 shares, the days-to-cover ratio is currently 3.7 days.
Insider Activity at Computer Programs and Systems
In related news, CEO Christopher L. Fowler sold 1,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the chief executive officer now owns 65,038 shares of the company’s stock, valued at approximately $1,951,140. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 3,700 shares of company stock valued at $110,141 in the last 90 days. 4.20% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Computer Programs and Systems
A number of institutional investors and hedge funds have recently made changes to their positions in CPSI. Point72 Hong Kong Ltd bought a new stake in shares of Computer Programs and Systems during the first quarter worth $25,000. Denali Advisors LLC bought a new stake in shares of Computer Programs and Systems during the second quarter worth $29,000. Quantbot Technologies LP raised its position in shares of Computer Programs and Systems by 225.0% during the second quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock worth $31,000 after acquiring an additional 675 shares during the last quarter. Dorsey Wright & Associates bought a new stake in shares of Computer Programs and Systems during the second quarter worth $35,000. Finally, Captrust Financial Advisors raised its position in shares of Computer Programs and Systems by 95.8% during the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 90.16% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently commented on CPSI shares. TheStreet raised Computer Programs and Systems from a “c+” rating to a “b” rating in a research note on Monday, October 24th. StockNews.com assumed coverage on Computer Programs and Systems in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock.
Computer Programs and Systems Price Performance
Computer Programs and Systems stock traded up $0.38 on Friday, reaching $29.66. The company’s stock had a trading volume of 49,408 shares, compared to its average volume of 64,721. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.74 and a current ratio of 1.78. The company has a market cap of $430.37 million, a price-to-earnings ratio of 23.17, a PEG ratio of 0.91 and a beta of 0.69. The business’s fifty day moving average price is $28.88 and its 200 day moving average price is $30.48. Computer Programs and Systems has a twelve month low of $25.33 and a twelve month high of $35.50.
About Computer Programs and Systems
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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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