Gilead Capital LP

recently stated that they own 7.4% of Computer Programs & Systems, Inc. (NASDAQ:CPSI) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, January 23rd. The investor owns 1,017,110 shares of the stock valued at approximately $30,360,734. The reporting parties listed on the disclosure included Gilead Capital LP, Gilead Capital GP LLC and Jeffrey A Strong. The filing is available through EDGAR at this hyperlink.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Computer Programs & Systems by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock worth $38,925,000 after purchasing an additional 41,138 shares during the period. State Street Corp raised its stake in shares of Computer Programs & Systems by 3.3% during the 2nd quarter. State Street Corp now owns 282,370 shares of the company’s stock worth $9,264,000 after purchasing an additional 8,914 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Computer Programs & Systems by 10.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 264,579 shares of the company’s stock worth $7,819,000 after purchasing an additional 25,106 shares during the period. Wasatch Advisors Inc. raised its stake in shares of Computer Programs & Systems by 35.0% during the 4th quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock worth $6,010,000 after purchasing an additional 51,814 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Computer Programs & Systems by 9.1% during the 2nd quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock worth $5,365,000 after purchasing an additional 13,662 shares during the period. Institutional investors and hedge funds own 96.11% of the company’s stock.

In other news, COO Christopher L. Fowler sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Victor S. Schneider sold 1,695 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $29.45, for a total value of $49,917.75. Following the transaction, the executive vice president now directly owns 41,657 shares of the company’s stock, valued at approximately $1,226,798.65. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Computer Programs & Systems, Inc. (CPSI) traded up $0.15 during mid-day trading on Tuesday, reaching $29.85. The company’s stock had a trading volume of 29,600 shares, compared to its average volume of 54,743. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.87. The stock has a market cap of $414.75, a price-to-earnings ratio of 66.33, a PEG ratio of 1.89 and a beta of 0.13. Computer Programs & Systems, Inc. has a 1-year low of $21.60 and a 1-year high of $36.15.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The company had revenue of $67.11 million for the quarter, compared to analysts’ expectations of $68.68 million. Computer Programs & Systems had a net margin of 2.32% and a return on equity of 10.01%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. sell-side analysts expect that Computer Programs & Systems, Inc. will post 1.27 EPS for the current fiscal year.

CPSI has been the subject of several recent research reports. Cantor Fitzgerald reissued a “hold” rating and issued a $28.00 price objective on shares of Computer Programs & Systems in a report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $30.00 price objective on shares of Computer Programs & Systems in a report on Wednesday, October 4th. Zacks Investment Research lowered Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub lowered Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Finally, Citigroup initiated coverage on Computer Programs & Systems in a report on Thursday, January 4th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.50.

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About Computer Programs & 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).

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

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