Quantum Capital Management LLC NJ decreased its position in Computer Programs and Systems, Inc. (NASDAQ:CPSI) by 0.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 924,002 shares of the company’s stock after selling 382 shares during the quarter. Computer Programs and Systems accounts for 9.2% of Quantum Capital Management LLC NJ’s portfolio, making the stock its largest position. Quantum Capital Management LLC NJ owned about 6.89% of Computer Programs and Systems worth $30,307,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Computer Programs and Systems by 18.9% in the 2nd quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock worth $2,660,000 after buying an additional 12,869 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in Computer Programs and Systems by 35.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock worth $7,458,000 after buying an additional 59,807 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Computer Programs and Systems by 502.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock worth $1,913,000 after buying an additional 48,636 shares during the last quarter. Swiss National Bank lifted its position in Computer Programs and Systems by 14.0% in the 2nd quarter. Swiss National Bank now owns 20,300 shares of the company’s stock worth $666,000 after buying an additional 2,500 shares during the last quarter. Finally, Crawford Investment Counsel Inc. lifted its position in Computer Programs and Systems by 3.6% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 71,597 shares of the company’s stock worth $2,348,000 after buying an additional 2,500 shares during the last quarter.

In other news, insider David A. Dye sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $29.01, for a total value of $87,030.00. Following the completion of the sale, the insider now directly owns 61,568 shares of the company’s stock, valued at approximately $1,786,087.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor S. Schneider sold 5,700 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $33.18, for a total value of $189,126.00. Following the completion of the sale, the insider now owns 43,352 shares in the company, valued at $1,438,419.36. The disclosure for this sale can be found here. Insiders sold a total of 16,735 shares of company stock valued at $530,689 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Shares of Computer Programs and Systems, Inc. (CPSI) traded down 0.7569% during trading on Wednesday, reaching $28.5324. The company’s stock had a trading volume of 12,346 shares. The stock has a market cap of $383.16 million, a price-to-earnings ratio of 73.5371 and a beta of 0.23. Computer Programs and Systems, Inc. has a 12-month low of $18.25 and a 12-month high of $36.15. The company has a 50 day moving average of $29.84 and a 200-day moving average of $30.11.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $67.70 million during the quarter, compared to the consensus estimate of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. Computer Programs and Systems’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. Analysts forecast that Computer Programs and Systems, Inc. will post $1.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.17%. This is a positive change from Computer Programs and Systems’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, August 15th. Computer Programs and Systems’s dividend payout ratio (DPR) is presently 300.00%.

A number of research firms recently weighed in on CPSI. Robert W. Baird restated a “hold” rating and issued a $30.00 target price on shares of Computer Programs and Systems in a research report on Thursday, August 31st. BidaskClub downgraded Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.43.

TRADEMARK VIOLATION WARNING: This article was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/13/quantum-capital-management-llc-nj-has-30-31-million-position-in-computer-programs-and-systems-inc-cpsi.html.

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’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

Want to see what other hedge funds are holding CPSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Computer Programs and Systems, Inc. (NASDAQ:CPSI).

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

Receive News & Stock Ratings for Computer Programs and Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs and Systems Inc. and related stocks with our FREE daily email newsletter.