Qube Research & Technologies Ltd Makes New Investment in Computer Programs and Systems, Inc. (NASDAQ:CPSI)

Qube Research & Technologies Ltd purchased a new position in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSIGet Rating) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,648 shares of the company’s stock, valued at approximately $400,000.

A number of other hedge funds have also modified their holdings of CPSI. Royal Bank of Canada boosted its position in Computer Programs and Systems by 12.1% during the second quarter. Royal Bank of Canada now owns 5,265 shares of the company’s stock worth $175,000 after purchasing an additional 569 shares in the last quarter. Morgan Stanley boosted its position in Computer Programs and Systems by 217.1% during the second quarter. Morgan Stanley now owns 104,820 shares of the company’s stock worth $3,483,000 after purchasing an additional 71,766 shares in the last quarter. Strs Ohio boosted its position in Computer Programs and Systems by 170.6% during the third quarter. Strs Ohio now owns 9,200 shares of the company’s stock worth $326,000 after purchasing an additional 5,800 shares in the last quarter. New York State Teachers Retirement System boosted its position in Computer Programs and Systems by 4.2% during the third quarter. New York State Teachers Retirement System now owns 11,207 shares of the company’s stock worth $397,000 after purchasing an additional 456 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Computer Programs and Systems by 8.3% during the third quarter. Amalgamated Bank now owns 6,985 shares of the company’s stock worth $248,000 after purchasing an additional 538 shares in the last quarter. Institutional investors own 91.93% of the company’s stock.

Shares of Computer Programs and Systems stock opened at $33.30 on Friday. Computer Programs and Systems, Inc. has a one year low of $26.11 and a one year high of $37.62. The company has a market cap of $492.34 million, a price-to-earnings ratio of 26.43, a PEG ratio of 0.99 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.47 and a current ratio of 1.49. The business’s 50 day moving average price is $32.92 and its 200 day moving average price is $31.64.

Computer Programs and Systems (NASDAQ:CPSIGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. Computer Programs and Systems had a return on equity of 14.09% and a net margin of 6.57%. The firm had revenue of $74.00 million for the quarter, compared to the consensus estimate of $70.04 million. During the same quarter last year, the business posted $0.22 earnings per share. On average, analysts predict that Computer Programs and Systems, Inc. will post 2.44 EPS for the current fiscal year.

Several equities analysts have recently weighed in on CPSI shares. StockNews.com started coverage on Computer Programs and Systems in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. SVB Leerink raised their target price on Computer Programs and Systems from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Computer Programs and Systems from $31.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, March 4th. Finally, Zacks Investment Research upgraded Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $36.50.

In other Computer Programs and Systems news, insider David A. Dye sold 1,000 shares of the firm’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $34.87, for a total transaction of $34,870.00. Following the completion of the sale, the insider now owns 68,265 shares of the company’s stock, valued at $2,380,400.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John B. Douglas, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $30.00, for a total value of $60,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,459 shares of company stock worth $238,223. 4.20% of the stock is currently owned by company insiders.

Computer Programs and Systems Profile (Get Rating)

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

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