Mondrian Investment Partners LTD raised its stake in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,609 shares of the company’s stock after acquiring an additional 376 shares during the quarter. Mondrian Investment Partners LTD owned approximately 0.74% of Computer Programs & Systems worth $2,626,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $139,000. Schwab Charles Investment Management Inc. raised its holdings in Computer Programs & Systems by 5.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,011 shares of the company’s stock worth $5,199,000 after buying an additional 7,522 shares during the period. BlackRock Inc. raised its holdings in Computer Programs & Systems by 10.6% during the 2nd quarter. BlackRock Inc. now owns 1,672,512 shares of the company’s stock worth $55,026,000 after buying an additional 159,898 shares during the period. Renaissance Technologies LLC acquired a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $1,842,000. Finally, Tower Research Capital LLC TRC raised its holdings in Computer Programs & Systems by 1,232.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,995 shares of the company’s stock worth $296,000 after buying an additional 8,320 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on CPSI. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, February 7th. BidaskClub upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $28.00 price objective on shares of Computer Programs & Systems in a report on Thursday, November 1st. Finally, ValuEngine upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $28.00.
CPSI traded up $4.17 during trading on Friday, reaching $33.00. 752,013 shares of the stock were exchanged, compared to its average volume of 124,122. The company has a market cap of $464.84 million, a price-to-earnings ratio of 24.81, a PEG ratio of 1.63 and a beta of 0.18. Computer Programs & Systems, Inc. has a twelve month low of $23.81 and a twelve month high of $34.65. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.87.
Computer Programs & Systems (NASDAQ:CPSI) last issued its earnings results on Friday, February 15th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.20. The business had revenue of $72.30 million for the quarter, compared to the consensus estimate of $74.06 million. Computer Programs & Systems had a negative net margin of 4.02% and a positive return on equity of 16.74%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. As a group, research analysts forecast that Computer Programs & Systems, Inc. will post 1.85 earnings per share for the current year.
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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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