Computer Programs and Systems Inc. (NASDAQ:CPSI) shares saw strong trading volume on Tuesday . 319,435 shares changed hands during trading, an increase of 42% from the previous session’s volume of 225,414 shares.The stock last traded at $25.93 and had previously closed at $25.86.

Several equities research analysts have recently commented on the stock. KeyCorp lowered their price objective on shares of Computer Programs and Systems from $35.00 to $21.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th. Leerink Swann reiterated a “market perform” rating and set a $45.00 price objective (down from $58.00) on shares of Computer Programs and Systems in a research note on Friday, June 17th. FBR & Co lowered their price objective on shares of Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, August 5th. Wells Fargo & Co. reiterated a “hold” rating on shares of Computer Programs and Systems in a research note on Wednesday, June 8th. Finally, Zacks Investment Research downgraded shares of Computer Programs and Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.55.

The firm has a 50-day moving average price of $27.16 and a 200 day moving average price of $40.95. The stock has a market capitalization of $345.70 million, a price-to-earnings ratio of 43.97 and a beta of 0.04.

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Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.31. Computer Programs and Systems had a net margin of 3.17% and a return on equity of 15.46%. The firm earned $68.42 million during the quarter, compared to analysts’ expectations of $74.35 million. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. Analysts expect that Computer Programs and Systems Inc. will post $2.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Thursday, August 11th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend was Tuesday, August 9th. Computer Programs and Systems’s dividend payout ratio is presently 215.88%.

In related news, insider John B. Douglas, Jr. bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were purchased at an average cost of $25.43 per share, with a total value of $254,300.00. Following the transaction, the insider now directly owns 189,685 shares of the company’s stock, valued at approximately $4,823,689.55. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Arthur Robert Outlaw, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was bought at an average cost of $26.09 per share, for a total transaction of $26,090.00. Following the completion of the transaction, the director now directly owns 6,857 shares in the company, valued at $178,899.13. The disclosure for this purchase can be found here. 3.57% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its position in Computer Programs and Systems by 1.8% in the second quarter. Arizona State Retirement System now owns 5,553 shares of the company’s stock worth $222,000 after buying an additional 100 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Computer Programs and Systems by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 8,848 shares of the company’s stock worth $461,000 after buying an additional 244 shares during the period. BlackRock Advisors LLC increased its position in Computer Programs and Systems by 4.7% in the second quarter. BlackRock Advisors LLC now owns 5,505 shares of the company’s stock worth $220,000 after buying an additional 245 shares during the period. Cardinal Capital Management increased its position in Computer Programs and Systems by 7.7% in the second quarter. Cardinal Capital Management now owns 6,155 shares of the company’s stock worth $246,000 after buying an additional 442 shares during the period. Finally, Martingale Asset Management L P increased its position in Computer Programs and Systems by 4.8% in the second quarter. Martingale Asset Management L P now owns 12,504 shares of the company’s stock worth $500,000 after buying an additional 577 shares during the period. 95.15% of the stock is currently owned by hedge funds and other institutional investors.

Computer Programs and Systems Company Profile

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals and post-acute care facilities. The Company provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations.

5 Day Chart for NASDAQ:CPSI

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