Martin & Co. Inc. TN grew its stake in Computer Programs and Systems, Inc. (NASDAQ:CPSI – Free Report) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,963 shares of the company’s stock after purchasing an additional 14,349 shares during the period. Martin & Co. Inc. TN owned approximately 0.89% of Computer Programs and Systems worth $3,209,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in shares of Computer Programs and Systems in the 1st quarter valued at approximately $25,000. Quantbot Technologies LP raised its holdings in shares of Computer Programs and Systems by 225.0% in the second quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock worth $31,000 after buying an additional 675 shares during the period. Cornerstone Management Inc. purchased a new stake in shares of Computer Programs and Systems in the first quarter worth approximately $30,000. Captrust Financial Advisors raised its holdings in shares of Computer Programs and Systems by 95.8% in the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after buying an additional 574 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Computer Programs and Systems in the second quarter worth approximately $51,000. 88.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on Computer Programs and Systems in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $24.00 price objective on shares of Computer Programs and Systems in a report on Monday, October 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Computer Programs and Systems from $25.00 to $28.00 in a report on Friday, August 11th. Stephens reduced their price objective on Computer Programs and Systems from $24.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, November 10th. Finally, TheStreet downgraded Computer Programs and Systems from a “c-” rating to a “d” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Computer Programs and Systems presently has an average rating of “Moderate Buy” and an average price target of $22.00.
Computer Programs and Systems Stock Down 0.7 %
Shares of NASDAQ:CPSI traded down $0.08 on Monday, reaching $11.56. The company had a trading volume of 29,353 shares, compared to its average volume of 139,027. Computer Programs and Systems, Inc. has a 52-week low of $10.40 and a 52-week high of $31.62. The firm’s 50 day simple moving average is $14.46 and its 200-day simple moving average is $20.11. The firm has a market capitalization of $168.20 million, a PE ratio of -193.97 and a beta of 0.81. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.61.
About Computer Programs and Systems
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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