Texas Permanent School Fund Sells 1,057 Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI)

Texas Permanent School Fund lowered its stake in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,565 shares of the company’s stock after selling 1,057 shares during the period. Texas Permanent School Fund owned 0.07% of Computer Programs and Systems worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in Computer Programs and Systems in the 1st quarter valued at $25,000. Quantbot Technologies LP boosted its stake in Computer Programs and Systems by 225.0% in the second quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock valued at $31,000 after buying an additional 675 shares in the last quarter. Captrust Financial Advisors boosted its stake in Computer Programs and Systems by 95.8% in the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock valued at $40,000 after buying an additional 574 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Computer Programs and Systems in the second quarter valued at about $51,000. Finally, US Bancorp DE boosted its stake in Computer Programs and Systems by 3,164.8% in the third quarter. US Bancorp DE now owns 2,318 shares of the company’s stock valued at $65,000 after buying an additional 2,247 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CPSI shares. SVB Leerink reissued an “outperform” rating on shares of Computer Programs and Systems in a research note on Friday, January 27th. StockNews.com raised Computer Programs and Systems from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Stephens began coverage on Computer Programs and Systems in a research note on Tuesday, April 11th. They issued an “equal weight” rating and a $30.00 price objective for the company. Finally, TheStreet cut Computer Programs and Systems from a “b-” rating to a “c+” rating in a research report on Monday, May 1st.

Computer Programs and Systems Stock Up 2.2 %

CPSI stock opened at $24.45 on Friday. The stock’s fifty day simple moving average is $27.71 and its two-hundred day simple moving average is $28.36. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. Computer Programs and Systems, Inc. has a 1-year low of $22.06 and a 1-year high of $34.47. The stock has a market cap of $355.26 million, a P/E ratio of 33.04, a P/E/G ratio of 0.67 and a beta of 0.73.

Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last issued its earnings results on Tuesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $83.22 million for the quarter, compared to analyst estimates of $81.35 million. Computer Programs and Systems had a return on equity of 12.88% and a net margin of 3.24%. Analysts expect that Computer Programs and Systems, Inc. will post 2.34 EPS for the current year.

About Computer Programs and Systems

(Get Rating)

Computer Programs & Systems, Inc provides healthcare information technology solutions and services. It operates through the following segments: RCM, EHR, and Patient Engagement. The RCM segment includes TruBridge, HRG, and TruCode, and focuses on providing business management, consulting, and managed IT services along with its complete RCM solution for all care settings, regardless of their primary healthcare information solutions provider.