HarbourVest Partners LLC bought a new position in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,082 shares of the company’s stock, valued at approximately $527,000. Computer Programs and Systems makes up about 0.2% of HarbourVest Partners LLC’s holdings, making the stock its 17th largest holding. HarbourVest Partners LLC owned about 0.12% of Computer Programs and Systems as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Numeric Investors LLC boosted its holdings in Computer Programs and Systems by 8.4% during the second quarter. Numeric Investors LLC now owns 62,100 shares of the company’s stock worth $2,037,000 after buying an additional 4,800 shares in the last quarter. Voya Investment Management LLC bought a new stake in Computer Programs and Systems during the second quarter worth approximately $211,000. Parametric Portfolio Associates LLC boosted its holdings in Computer Programs and Systems by 3.8% during the second quarter. Parametric Portfolio Associates LLC now owns 46,025 shares of the company’s stock worth $1,510,000 after buying an additional 1,680 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Computer Programs and Systems by 5.2% during the second quarter. California Public Employees Retirement System now owns 44,200 shares of the company’s stock worth $1,450,000 after buying an additional 2,200 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Computer Programs and Systems by 3.6% during the second quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock worth $38,925,000 after buying an additional 41,138 shares in the last quarter.

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Computer Programs and Systems, Inc. (NASDAQ CPSI) traded up 0.85% during trading on Friday, reaching $29.55. 96,960 shares of the company were exchanged. The firm has a market cap of $396.83 million, a price-to-earnings ratio of 76.16 and a beta of 0.23. Computer Programs and Systems, Inc. has a 52-week low of $18.25 and a 52-week high of $36.15. The firm has a 50-day moving average of $29.43 and a 200-day moving average of $30.18.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.05). The firm had revenue of $67.70 million for the quarter, compared to analyst estimates of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. On average, equities analysts forecast that Computer Programs and Systems, Inc. will post $1.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.06%. This is a boost from Computer Programs and Systems’s previous quarterly dividend of $0.20. Computer Programs and Systems’s payout ratio is currently 300.00%.

In related news, insider David A. Dye sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.03, for a total transaction of $90,090.00. Following the completion of the transaction, the insider now owns 58,568 shares in the company, valued at $1,758,797.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.

A number of analysts recently weighed in on the stock. KeyCorp restated a “sell” rating and set a $21.00 target price on shares of Computer Programs and Systems in a report on Friday, September 22nd. BidaskClub cut shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Robert W. Baird restated a “neutral” rating and set a $30.00 target price (up from $27.00) on shares of Computer Programs and Systems in a report on Friday, June 16th. ValuEngine upgraded shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.71.

About Computer Programs and Systems

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).

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

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