Computer Programs and Systems, Inc. (NASDAQ:CPSI) Short … – MarketBeat

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Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 242,700 shares, a decline of 8.4% from the November 30th total of 265,100 shares. Based on an average daily trading volume, of 85,200 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.8% of the shares of the company are short sold.

Computer Programs and Systems Trading Up 0.7 %

Shares of CPSI stock opened at $27.22 on Tuesday. The business’s fifty day moving average price is $28.50 and its 200 day moving average price is $29.82. Computer Programs and Systems has a 1-year low of $25.33 and a 1-year high of $35.50. The firm has a market capitalization of $395.07 million, a PE ratio of 21.27, a P/E/G ratio of 0.83 and a beta of 0.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.78 and a quick ratio of 1.74.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.10). Computer Programs and Systems had a return on equity of 14.47% and a net margin of 5.91%. The business had revenue of $82.83 million for the quarter, compared to analyst estimates of $82.07 million. As a group, sell-side analysts forecast that Computer Programs and Systems will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling at Computer Programs and Systems

In other news, CEO Christopher L. Fowler sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 65,038 shares of the company’s stock, valued at $1,951,140. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 2,950 shares of company stock worth $88,342. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Computer Programs and Systems by 1.4% during the first quarter. BlackRock Inc. now owns 2,411,642 shares of the company’s stock worth $83,079,000 after acquiring an additional 32,712 shares during the period. Vanguard Group Inc. grew its holdings in Computer Programs and Systems by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,053,848 shares of the company’s stock valued at $29,381,000 after purchasing an additional 17,766 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Computer Programs and Systems by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 631,919 shares of the company’s stock valued at $17,618,000 after purchasing an additional 24,230 shares during the last quarter. State Street Corp grew its holdings in Computer Programs and Systems by 3.7% in the third quarter. State Street Corp now owns 627,784 shares of the company’s stock valued at $17,503,000 after purchasing an additional 22,333 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Computer Programs and Systems by 30.8% in the first quarter. Wellington Management Group LLP now owns 367,651 shares of the company’s stock valued at $12,666,000 after purchasing an additional 86,622 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

CPSI has been the topic of a number of recent research reports. TheStreet raised Computer Programs and Systems from a “c+” rating to a “b” rating in a report on Monday, October 24th. StockNews.com initiated coverage on Computer Programs and Systems in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.

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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