Computer Programs and Systems (NASDAQ:CPSI) Rating Increased to B at TheStreet – MarketBeat
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Computer Programs and Systems (NASDAQ:CPSI – Get Rating) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.
Separately, StockNews.com assumed coverage on Computer Programs and Systems in a report on Wednesday, October 12th. They set a “buy” rating for the company.
Computer Programs and Systems Trading Up 2.3 %
NASDAQ:CPSI opened at $30.76 on Monday. Computer Programs and Systems has a 1-year low of $26.11 and a 1-year high of $37.62. The business’s 50-day moving average price is $29.35 and its two-hundred day moving average price is $31.17. 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 has a market capitalization of $451.86 million, a price-to-earnings ratio of 23.30, a PEG ratio of 0.79 and a beta of 0.68.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.10). Computer Programs and Systems had a return on equity of 14.95% and a net margin of 6.35%. The business had revenue of $82.73 million during the quarter, compared to the consensus estimate of $78.18 million. During the same quarter last year, the company earned $0.67 earnings per share. On average, equities analysts expect that Computer Programs and Systems will post 2.52 earnings per share for the current year.
Insider Buying and Selling at Computer Programs and Systems
In other Computer Programs and Systems news, CEO Christopher L. Fowler sold 1,000 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 65,038 shares in the company, valued at $1,951,140. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider David A. Dye sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $33.76, for a total value of $25,320.00. Following the completion of the sale, the insider now directly owns 65,015 shares of the company’s stock, valued at $2,194,906.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christopher L. Fowler sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the sale, the chief executive officer now directly owns 65,038 shares of the company’s stock, valued at $1,951,140. The disclosure for this sale can be found here. Insiders sold a total of 3,300 shares of company stock worth $99,684 over the last ninety days. 4.20% of the stock is currently owned by corporate insiders.
Institutional Trading of Computer Programs and Systems
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Computer Programs and Systems by 1.4% in the 1st quarter. BlackRock Inc. now owns 2,411,642 shares of the company’s stock valued at $83,079,000 after acquiring an additional 32,712 shares in the last quarter. River Road Asset Management LLC raised its holdings in Computer Programs and Systems by 10.9% in the 1st quarter. River Road Asset Management LLC now owns 1,321,314 shares of the company’s stock valued at $45,519,000 after acquiring an additional 129,444 shares in the last quarter. Vanguard Group Inc. raised its holdings in Computer Programs and Systems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,020,365 shares of the company’s stock valued at $35,152,000 after acquiring an additional 10,524 shares in the last quarter. State Street Corp raised its holdings in Computer Programs and Systems by 0.7% in the 2nd quarter. State Street Corp now owns 605,451 shares of the company’s stock valued at $19,356,000 after acquiring an additional 4,377 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Computer Programs and Systems by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 570,050 shares of the company’s stock valued at $19,638,000 after acquiring an additional 21,661 shares in the last quarter. 90.16% of the stock is owned by institutional investors and hedge funds.
Computer Programs and Systems Company Profile
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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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