Computer Programs & Systems, Inc. (CPSI) Holdings Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,975 shares of the company’s stock after purchasing an additional 5,125 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.33% of Computer Programs & Systems worth $1,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in Computer Programs & Systems by 3.8% during the 4th quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock valued at $46,244,000 after purchasing an additional 67,161 shares during the last quarter. Stadium Capital Management LLC raised its position in Computer Programs & Systems by 5.9% during the 3rd quarter. Stadium Capital Management LLC now owns 681,966 shares of the company’s stock valued at $18,311,000 after purchasing an additional 38,150 shares during the last quarter. River Road Asset Management LLC raised its position in Computer Programs & Systems by 27.4% during the 4th quarter. River Road Asset Management LLC now owns 674,162 shares of the company’s stock valued at $16,921,000 after purchasing an additional 144,857 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in Computer Programs & Systems during the 4th quarter valued at approximately $26,000. Finally, Bank of New York Mellon Corp raised its position in Computer Programs & Systems by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 193,011 shares of the company’s stock valued at $5,182,000 after purchasing an additional 6,055 shares during the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

CPSI stock opened at $29.57 on Friday. Computer Programs & Systems, Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $34.65. The company has a current ratio of 1.82, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. The company has a market cap of $416.52 million, a price-to-earnings ratio of 15.24 and a beta of 0.26.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Friday, February 15th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.20. Computer Programs & Systems had a return on equity of 17.65% and a net margin of 6.29%. The firm had revenue of $72.30 million for the quarter, compared to the consensus estimate of $74.06 million. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was down 7.4% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. Computer Programs & Systems’s payout ratio is currently 20.62%.

A number of research firms have weighed in on CPSI. BidaskClub downgraded Computer Programs & Systems from a “buy” rating to a “hold” rating in a report on Saturday. SunTrust Banks upped their target price on Computer Programs & Systems to $35.00 and gave the stock a “hold” rating in a report on Thursday, February 21st. TheStreet upgraded Computer Programs & Systems from a “c-” rating to a “b-” rating in a report on Friday, February 15th. Cantor Fitzgerald reiterated a “hold” rating and set a $32.00 target price on shares of Computer Programs & Systems in a report on Friday, February 15th. Finally, Zacks Investment Research downgraded Computer Programs & Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.83.

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Computer Programs & Systems Company Profile

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 helps 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 & Systems (NASDAQ:CPSI)

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