Computer Programs and Systems, Inc. (NASDAQ:CPSI) Shares Acquired by Victory Capital Management Inc. – Defense World
Posted by admin on Aug 14th, 2022 
Victory Capital Management Inc. increased its position in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,317 shares of the company’s stock after purchasing an additional 3,180 shares during the period. Victory Capital Management Inc. owned 0.30% of Computer Programs and Systems worth $1,438,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Heartland Advisors Inc. raised its holdings in shares of Computer Programs and Systems by 50.0% in the fourth quarter. Heartland Advisors Inc. now owns 150,000 shares of the company’s stock valued at $4,395,000 after buying an additional 50,000 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new position in Computer Programs and Systems during the fourth quarter worth about $1,219,000. Hillsdale Investment Management Inc. raised its holdings in Computer Programs and Systems by 18.3% during the first quarter. Hillsdale Investment Management Inc. now owns 144,100 shares of the company’s stock worth $4,964,000 after purchasing an additional 22,300 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Computer Programs and Systems by 56.1% during the fourth quarter. Pacer Advisors Inc. now owns 44,404 shares of the company’s stock worth $1,301,000 after purchasing an additional 15,959 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Computer Programs and Systems during the fourth quarter worth about $400,000. Institutional investors and hedge funds own 87.05% of the company’s stock.
Shares of CPSI opened at $31.28 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average is $31.97 and its two-hundred day moving average is $31.95. Computer Programs and Systems, Inc. has a twelve month low of $26.11 and a twelve month high of $37.62. The firm has a market capitalization of $459.50 million, a P/E ratio of 23.70, a PEG ratio of 0.84 and a beta of 0.64.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last issued its earnings results on Tuesday, August 2nd. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Computer Programs and Systems had a return on equity of 14.95% and a net margin of 6.35%. During the same quarter last year, the business earned $0.67 EPS. On average, research analysts predict that Computer Programs and Systems, Inc. will post 2.43 earnings per share for the current fiscal year.
In related news, Director Glenn Tobin sold 2,000 shares of Computer Programs and Systems stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $32.29, for a total transaction of $64,580.00. Following the completion of the transaction, the director now directly owns 19,742 shares in the company, valued at approximately $637,469.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Glenn Tobin sold 2,000 shares of the company’s 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 sale, the director now directly owns 19,742 shares in the company, valued at $637,469.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher L. Fowler sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $31.29, for a total value of $31,290.00. Following the completion of the sale, the chief operating officer now owns 52,634 shares in the company, valued at $1,646,917.86. The disclosure for this sale can be found here. Insiders have sold 7,450 shares of company stock worth $239,251 over the last ninety days. 4.20% of the stock is currently owned by insiders.
Several research firms recently issued reports on CPSI. StockNews.com cut shares of Computer Programs and Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Computer Programs and Systems from $39.00 to $43.00 in a report on Thursday, May 5th.
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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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