AQR Capital Management LLC Buys 18,198 Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI)

AQR Capital Management LLC increased its stake in Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 16.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,714 shares of the company’s stock after acquiring an additional 18,198 shares during the quarter. AQR Capital Management LLC owned 0.90% of Computer Programs & Systems worth $2,908,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Computer Programs & Systems by 11.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,173 shares of the company’s stock valued at $115,000 after acquiring an additional 515 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Computer Programs & Systems by 5.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 10,467 shares of the company’s stock worth $233,000 after acquiring an additional 522 shares in the last quarter. Swiss National Bank grew its stake in shares of Computer Programs & Systems by 2.7% in the 1st quarter. Swiss National Bank now owns 26,400 shares of the company’s stock worth $587,000 after acquiring an additional 700 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Computer Programs & Systems by 36.7% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 3,877 shares of the company’s stock worth $86,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in shares of Computer Programs & Systems by 0.7% in the 4th quarter. Kennedy Capital Management Inc. now owns 196,786 shares of the company’s stock worth $5,195,000 after acquiring an additional 1,284 shares in the last quarter. Institutional investors own 78.42% of the company’s stock.

Several analysts have recently issued reports on CPSI shares. Cantor Fitzgerald upgraded shares of Computer Programs & Systems from a “neutral” rating to an “overweight” rating in a research note on Friday, May 8th. SVB Leerink started coverage on shares of Computer Programs & Systems in a research note on Monday, April 13th. They issued an “outperform” rating and a $27.00 target price for the company. Wells Fargo & Co reduced their target price on shares of Computer Programs & Systems from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Deutsche Bank reduced their target price on shares of Computer Programs & Systems from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Finally, Piper Sandler cut their price target on shares of Computer Programs & Systems from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Computer Programs & Systems presently has an average rating of “Hold” and an average target price of $26.70.

In other Computer Programs & Systems news, COO Christopher L. Fowler sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $23.00, for a total transaction of $92,000.00. Following the sale, the chief operating officer now directly owns 61,026 shares of the company’s stock, valued at $1,403,598. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Dye sold 3,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $24.31, for a total transaction of $72,930.00. 12.30% of the stock is owned by corporate insiders.

Shares of NASDAQ:CPSI opened at $22.02 on Wednesday. The company’s 50-day moving average is $22.30 and its 200 day moving average is $24.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.62 and a current ratio of 1.65. The company has a market capitalization of $319.56 million, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 2.08 and a beta of 0.52. Computer Programs & Systems, Inc. has a fifty-two week low of $16.93 and a fifty-two week high of $35.78.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The business had revenue of $69.76 million for the quarter, compared to the consensus estimate of $69.30 million. Computer Programs & Systems had a net margin of 7.67% and a return on equity of 11.85%. As a group, research analysts predict that Computer Programs & Systems, Inc. will post 0.86 earnings per share for the current year.

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

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