Computer Programs and Systems, Inc. (NASDAQ:CPSI) insider Victor S. Schneider sold 5,700 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $33.18, for a total value of $189,126.00. Following the completion of the sale, the insider now owns 43,352 shares in the company, valued at $1,438,419.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Computer Programs and Systems, Inc. (NASDAQ:CPSI) traded down 1.06% during trading on Tuesday, hitting $32.80. The stock had a trading volume of 59,266 shares. The firm has a market capitalization of $439.91 million, a PE ratio of 75.75 and a beta of 0.27. The firm has a 50 day moving average price of $32.86 and a 200-day moving average price of $27.31. Computer Programs and Systems, Inc. has a 1-year low of $18.25 and a 1-year high of $42.01.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Computer Programs and Systems had a return on equity of 10.09% and a net margin of 2.23%. The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $66.10 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities research analysts expect that Computer Programs and Systems, Inc. will post $1.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. Computer Programs and Systems’s payout ratio is currently 181.82%.

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Several large investors have recently modified their holdings of the company. Prudential Financial Inc. raised its stake in shares of Computer Programs and Systems by 0.5% in the first quarter. Prudential Financial Inc. now owns 38,697 shares of the company’s stock valued at $1,084,000 after buying an additional 210 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Computer Programs and Systems by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 230,253 shares of the company’s stock valued at $6,447,000 after buying an additional 746 shares during the last quarter. Comerica Bank raised its stake in shares of Computer Programs and Systems by 7.0% in the first quarter. Comerica Bank now owns 12,577 shares of the company’s stock valued at $343,000 after buying an additional 820 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Computer Programs and Systems by 2.5% in the first quarter. Teachers Advisors LLC now owns 40,729 shares of the company’s stock valued at $1,140,000 after buying an additional 987 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Computer Programs and Systems by 1.9% in the first quarter. Wells Fargo & Company MN now owns 68,248 shares of the company’s stock valued at $1,911,000 after buying an additional 1,305 shares during the last quarter.

CPSI has been the topic of a number of research reports. Dougherty & Co restated a “buy” rating and issued a $31.00 price target (up from $30.00) on shares of Computer Programs and Systems in a report on Monday, February 27th. Zacks Investment Research lowered Computer Programs and Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Cantor Fitzgerald restated a “hold” rating and issued a $24.00 price target on shares of Computer Programs and Systems in a report on Friday, May 5th. ValuEngine upgraded Computer Programs and Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Robert W. Baird restated a “neutral” rating and issued a $30.00 price target (up from $27.00) on shares of Computer Programs and Systems in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Computer Programs and Systems presently has an average rating of “Hold” and a consensus price target of $27.78.

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’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

Insider Buying and Selling by Quarter for Computer Programs and Systems (NASDAQ:CPSI)

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