Computer Programs and Systems Inc. (NASDAQ:CPSI) VP Robert D. Hinckle bought 4,000 shares of Computer Programs and Systems stock in a transaction on Monday, November 28th. The stock was purchased at an average price of $25.09 per share, for a total transaction of $100,360.00. Following the completion of the acquisition, the vice president now owns 17,000 shares in the company, valued at approximately $426,530. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Computer Programs and Systems Inc. (NASDAQ:CPSI) traded down 1.00% during mid-day trading on Tuesday, reaching $24.85. 237,473 shares of the company’s stock traded hands. Computer Programs and Systems Inc. has a 1-year low of $18.25 and a 1-year high of $59.16. The firm has a 50-day moving average price of $25.30 and a 200-day moving average price of $31.94. The company has a market capitalization of $331.62 million, a P/E ratio of 60.02 and a beta of 0.37.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.15. Computer Programs and Systems had a return on equity of 13.45% and a net margin of 2.16%. The business had revenue of $64.70 million for the quarter, compared to analyst estimates of $67.70 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The company’s revenue was up 45.1% compared to the same quarter last year. On average, equities research analysts forecast that Computer Programs and Systems Inc. will post $1.74 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Computer Programs and Systems (NASDAQ:CPSI)

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 17th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.82%. Computer Programs and Systems’s payout ratio is presently 218.18%.

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Large investors have recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Computer Programs and Systems by 1.8% in the second quarter. Arizona State Retirement System now owns 5,553 shares of the company’s stock worth $222,000 after buying an additional 100 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Computer Programs and Systems by 0.4% in the third quarter. California State Teachers Retirement System now owns 23,679 shares of the company’s stock worth $617,000 after buying an additional 100 shares during the last quarter. BlackRock Investment Management LLC raised its stake in shares of Computer Programs and Systems by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 48,492 shares of the company’s stock worth $1,264,000 after buying an additional 143 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of Computer Programs and Systems by 2.0% in the third quarter. Eqis Capital Management Inc. now owns 10,265 shares of the company’s stock worth $268,000 after buying an additional 200 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake in shares of Computer Programs and Systems by 4.7% in the second quarter. BlackRock Advisors LLC now owns 5,505 shares of the company’s stock worth $220,000 after buying an additional 245 shares during the last quarter.

Several brokerages have recently weighed in on CPSI. FBR & Co cut their price objective on shares of Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, August 5th. SunTrust Banks Inc. lowered shares of Computer Programs and Systems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $80.00 to $35.00 in a report on Friday, August 5th. Deutsche Bank AG lowered shares of Computer Programs and Systems from a “hold” rating to a “sell” rating and cut their price objective for the stock from $47.00 to $22.00 in a report on Friday, August 5th. Zacks Investment Research lowered shares of Computer Programs and Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 10th. Finally, KeyCorp reiterated a “sell” rating and set a $35.00 price objective on shares of Computer Programs and Systems in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.73.

Computer Programs and Systems Company Profile

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals and post-acute care facilities. The Company provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations.

5 Day Chart for NASDAQ:CPSI

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