Insider Selling: Computer Programs and Systems, Inc. (NASDAQ:CPSI) Insider Sells $12,364.00 in Stock

Computer Programs and Systems, Inc. (NASDAQ:CPSI) insider David A. Dye sold 400 shares of the business’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $30.91, for a total value of $12,364.00. Following the completion of the transaction, the insider now directly owns 78,797 shares of the company’s stock, valued at $2,435,615.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CPSI stock opened at $31.48 on Thursday. The firm’s 50-day moving average price is $32.58. Computer Programs and Systems, Inc. has a 12-month low of $24.09 and a 12-month high of $36.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 1.79. The stock has a market capitalization of $463.70 million, a P/E ratio of 31.91, a PEG ratio of 1.04 and a beta of 0.74.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Sunday, May 9th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.09. Computer Programs and Systems had a return on equity of 7.23% and a net margin of 5.44%. The firm had revenue of $68.00 million during the quarter, compared to the consensus estimate of $67.16 million. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. Equities analysts predict that Computer Programs and Systems, Inc. will post 2.15 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors grew its position in Computer Programs and Systems by 1,848.0% during the first quarter. Captrust Financial Advisors now owns 974 shares of the company’s stock valued at $30,000 after acquiring an additional 924 shares during the period. Vantage Consulting Group Inc purchased a new stake in shares of Computer Programs and Systems in the fourth quarter worth about $33,000. Ensign Peak Advisors Inc purchased a new stake in shares of Computer Programs and Systems in the first quarter worth about $43,000. Meeder Asset Management Inc. boosted its position in shares of Computer Programs and Systems by 1,326.3% in the first quarter. Meeder Asset Management Inc. now owns 1,683 shares of the company’s stock worth $51,000 after buying an additional 1,565 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Computer Programs and Systems by 202.9% in the fourth quarter. Citigroup Inc. now owns 3,532 shares of the company’s stock worth $95,000 after buying an additional 2,366 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on CPSI. Deutsche Bank Aktiengesellschaft cut their price target on Computer Programs and Systems from $33.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, May 12th. Piper Sandler boosted their price target on Computer Programs and Systems from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 12th. Zacks Investment Research cut Computer Programs and Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 13th. Finally, SVB Leerink reiterated a “buy” rating and issued a $37.00 target price on shares of Computer Programs and Systems in a research note on Tuesday, May 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Computer Programs and Systems currently has an average rating of “Hold” and a consensus target price of $32.50.

About Computer Programs and Systems

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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