Royce & Associates LP owns $681,000 in Computer Programs and Systems, Inc. (NASDAQ:CPSI)



Royce & Associates LP reduced its stake in Computer Programs and Systems, Inc. (NASDAQ: CPSIGet a rating) by 36.0% in the 1st quarter, according to its most recent communication to the Securities & Exchange Commission. The institutional investor held 19,768 shares of the company after selling 11,123 shares during the period. Royce & Associates LP owned approximately 0.13% of computer programs and systems worth $681,000 at the end of the last quarter.

Other hedge funds have also recently increased or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in computer programs and systems by 252.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company worth $88,000 after buying 2,151 additional shares last quarter. Oregon Public Employees Retirement Fund increased its stake in Computer Programs and Systems by 9.3% during the fourth quarter. The Oregon Public Employees Retirement Fund now owns 5,639 shares of the company worth $165,000 after buying 481 additional shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in Computer Programs and Systems during the first quarter for a value of approximately $204,000. Campbell & CO Investment Adviser LLC acquired a new stake in Computer Programs and Systems during the fourth quarter valued at approximately $245,000. Finally, Yousif Capital Management LLC acquired a new stake in Computer Programs and Systems during the fourth quarter worth approximately $395,000. Institutional investors and hedge funds own 87.05% of the company’s shares.

Insider activity

In other news, VP Robert D. Hinckle sold 5,975 shares in a trade that took place on Friday, May 13. The shares were sold at an average price of $32.19, for a total transaction of $192,335.25. Following the sale, the vice president now directly owns 37,000 shares of the company, valued at $1,191,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Separately, manager Glenn Tobin sold 2,000 shares in a trade that took place on Wednesday, May 18. The shares were sold at an average price of $32.29, for a total value of $64,580.00. As a result of the transaction, the administrator now directly owns 19,742 shares of the company, valued at $637,469.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. Additionally, Vice Chairman Robert D. Hinckle sold 5,975 shares in a trade that took place on Friday, May 13. The shares were sold at an average price of $32.19, for a total transaction of $192,335.25. Following the completion of the transaction, the vice president now owns 37,000 shares of the company, valued at $1,191,030. Disclosure of this sale can be found here. Insiders have sold 13,425 shares of the company valued at $431,586 in the past three months. 4.20% of the shares are held by insiders.

Wall Street analysts predict growth

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised its price target on computer programs and systems shares from $39.00 to $43.00 in a Thursday, May 5 research note. StockNews.com cut computer programs and systems stocks from a “strong buy” rating to a “buy” rating in a Monday, Aug. 1 research note.

Price performance of computer programs and systems

CPSI opened at $31.46 on Friday. Computer Programs and Systems, Inc. has a one-year low of $26.11 and a one-year high of $37.62. The company has a debt ratio of 0.59, a current ratio of 1.79 and a quick ratio of 1.72. The company’s 50-day simple moving average is $32.14 and its 200-day simple moving average is $31.85. The stock has a market capitalization of $464.35 million, a P/E ratio of 23.83, a price-to-earnings growth ratio of 0.75 and a beta of 0.64.

Computer programs and systems (NASDAQ: CPSIGet a rating) last released its quarterly results on Tuesday, August 2. The company reported EPS of $0.59 for the quarter, missing the consensus estimate of $0.60 per ($0.01). Computer programs and systems generated a net margin of 6.35% and a return on equity of 14.95%. In the same quarter of the previous year, the company achieved EPS of $0.67. Sell-side analysts expect Computer Programs and Systems, Inc. to post earnings per share of 2.65 for the current fiscal year.

Profile of computer programs and systems

(Get a rating)

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 allows a hospital to identify a patient at various points in the healthcare delivery system, as well as collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business desktop applications to track and coordinate information needed for managerial decision-making.

Further reading

Institutional Ownership by Quarter for Computer Programs and Systems (NASDAQ:CPSI)



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