Swiss National Bank increased its holdings in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 7.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,800 shares of the company’s stock after purchasing an additional 1,700 shares during the period. Swiss National Bank owned 0.17% of Computer Programs & Systems worth $689,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of CPSI. Marshall Wace LLP raised its position in Computer Programs & Systems by 41.2% during the first quarter. Marshall Wace LLP now owns 203,250 shares of the company’s stock valued at $6,034,000 after purchasing an additional 59,306 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Computer Programs & Systems by 73.4% during the first quarter. Martingale Asset Management L P now owns 116,528 shares of the company’s stock worth $3,461,000 after buying an additional 49,312 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Computer Programs & Systems by 1,716.9% during the first quarter. Acadian Asset Management LLC now owns 110,759 shares of the company’s stock worth $3,288,000 after buying an additional 104,663 shares in the last quarter. IndexIQ Advisors LLC acquired a new position in shares of Computer Programs & Systems during the first quarter worth $1,586,000. Finally, Bowling Portfolio Management LLC acquired a new position in shares of Computer Programs & Systems during the second quarter worth $1,387,000. Institutional investors and hedge funds own 79.18% of the company’s stock.

Several brokerages recently weighed in on CPSI. BidaskClub raised shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research note on Friday. ValuEngine raised shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Cantor Fitzgerald set a $26.00 price objective on shares of Computer Programs & Systems and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research cut shares of Computer Programs & Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, August 12th. Finally, Dougherty & Co raised shares of Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.41.

In other Computer Programs & Systems news, SVP Troy D. Rosser sold 5,620 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $21.21, for a total value of $119,200.20. Following the completion of the transaction, the senior vice president now directly owns 41,509 shares of the company’s stock, valued at approximately $880,405.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John B. Douglas, Jr. sold 2,605 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $27.51, for a total transaction of $71,663.55. Following the completion of the transaction, the insider now directly owns 240,568 shares of the company’s stock, valued at $6,618,025.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,830 shares of company stock valued at $264,533. 12.30% of the stock is owned by insiders.

NASDAQ:CPSI traded up $0.26 on Friday, hitting $24.07. The stock had a trading volume of 14,510 shares, compared to its average volume of 120,363. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.55 and a current ratio of 1.60. The stock has a market cap of $345.40 million, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 2.32 and a beta of 0.53. Computer Programs & Systems, Inc. has a 1 year low of $20.72 and a 1 year high of $34.00. The firm’s fifty day simple moving average is $23.00 and its two-hundred day simple moving average is $27.16.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.18. The firm had revenue of $66.16 million during the quarter, compared to analyst estimates of $68.74 million. Computer Programs & Systems had a net margin of 6.66% and a return on equity of 14.04%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Equities research analysts predict that Computer Programs & Systems, Inc. will post 0.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, August 15th. Computer Programs & Systems’s dividend payout ratio (DPR) is presently 20.62%.

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 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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