David A. Dye Sells 3,478 Shares of Computer Programs & Systems, Inc. (CPSI) Stock

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Computer Programs & Systems, Inc. (NASDAQ:CPSI) insider David A. Dye sold 3,478 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $27.52, for a total transaction of $95,714.56. Following the sale, the insider now owns 79,725 shares in the company, valued at approximately $2,194,032. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ CPSI traded down $0.29 on Thursday, hitting $26.94. The stock had a trading volume of 2,459 shares, compared to its average volume of 136,017. Computer Programs & Systems, Inc. has a one year low of $23.81 and a one year high of $34.65. The company has a current ratio of 1.71, a quick ratio of 1.67 and a debt-to-equity ratio of 0.73. The stock has a market cap of $391.60 million, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.67 and a beta of 0.25.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.07). Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The firm had revenue of $69.14 million during the quarter, compared to the consensus estimate of $70.81 million. During the same quarter last year, the company posted $0.59 EPS. Computer Programs & Systems’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that Computer Programs & Systems, Inc. will post 1.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, May 15th. Computer Programs & Systems’s dividend payout ratio (DPR) is 20.62%.

CPSI has been the topic of several research reports. ValuEngine lowered shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. BidaskClub upgraded shares of Computer Programs & Systems from a “hold” rating to a “buy” rating in a research note on Monday, February 18th. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, January 16th. Cantor Fitzgerald reiterated a “hold” rating and set a $32.00 price objective on shares of Computer Programs & Systems in a research note on Friday, May 3rd. Finally, SunTrust Banks upped their target price on shares of Computer Programs & Systems to $35.00 and gave the stock a “hold” rating in a research report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Computer Programs & Systems currently has a consensus rating of “Hold” and an average target price of $29.01.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Computer Programs & Systems by 3.8% in the fourth quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock valued at $46,244,000 after acquiring an additional 67,161 shares in the last quarter. River Road Asset Management LLC boosted its holdings in shares of Computer Programs & Systems by 27.4% in the fourth quarter. River Road Asset Management LLC now owns 674,162 shares of the company’s stock valued at $16,921,000 after acquiring an additional 144,857 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Computer Programs & Systems in the fourth quarter valued at approximately $26,000. Millennium Management LLC bought a new position in shares of Computer Programs & Systems in the fourth quarter valued at approximately $9,872,000. Finally, Morgan Stanley boosted its holdings in shares of Computer Programs & Systems by 133.8% in the first quarter. Morgan Stanley now owns 206,116 shares of the company’s stock valued at $6,120,000 after acquiring an additional 117,964 shares in the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.

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Computer Programs & Systems Company Profile

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

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