Raymond James & Associates Has $2.75 Million Stake in Computer Programs and Systems, Inc. (NASDAQ:CPSI)

Raymond James & Associates decreased its position in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSIGet Rating) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,637 shares of the company’s stock after selling 7,838 shares during the quarter. Raymond James & Associates’ holdings in Computer Programs and Systems were worth $2,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CPSI. Point72 Hong Kong Ltd bought a new position in Computer Programs and Systems during the 1st quarter worth approximately $25,000. Denali Advisors LLC bought a new position in Computer Programs and Systems during the 2nd quarter worth approximately $29,000. Quantbot Technologies LP boosted its stake in Computer Programs and Systems by 225.0% during the 2nd quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock worth $31,000 after acquiring an additional 675 shares during the last quarter. Dorsey Wright & Associates bought a new position in Computer Programs and Systems during the 2nd quarter worth approximately $35,000. Finally, Captrust Financial Advisors boosted its stake in Computer Programs and Systems by 95.8% during the 1st quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Computer Programs and Systems Stock Performance

Shares of CPSI opened at $28.11 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.74 and a current ratio of 1.78. Computer Programs and Systems, Inc. has a twelve month low of $25.33 and a twelve month high of $35.50. The firm’s 50 day moving average price is $28.12 and its two-hundred day moving average price is $29.50. The firm has a market cap of $407.99 million, a P/E ratio of 21.96, a PEG ratio of 0.78 and a beta of 0.71.

Computer Programs and Systems (NASDAQ:CPSIGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.10). Computer Programs and Systems had a net margin of 5.91% and a return on equity of 14.47%. The company had revenue of $82.83 million during the quarter, compared to the consensus estimate of $82.07 million. On average, analysts forecast that Computer Programs and Systems, Inc. will post 2.18 EPS for the current fiscal year.

Insider Activity

In other news, CEO Christopher L. Fowler sold 1,000 shares of Computer Programs and Systems stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the chief executive officer now directly owns 65,038 shares in the company, valued at $1,951,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,950 shares of company stock worth $88,322 over the last ninety days. Insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CPSI. TheStreet raised shares of Computer Programs and Systems from a “c+” rating to a “b” rating in a research note on Monday, October 24th. StockNews.com initiated coverage on shares of Computer Programs and Systems in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock.

Computer Programs and Systems Company Profile

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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.

Further Reading

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

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