Computer Programs & Systems, Inc. (CPSI) Major Shareholder Francisco Partners Gp Ii, Lp Sells 11,503 Shares

Computer Programs & Systems, Inc. (NASDAQ:CPSI) major shareholder Francisco Partners Gp Ii, Lp sold 11,503 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $25.81, for a total value of $296,892.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Francisco Partners Gp Ii, Lp also recently made the following trade(s):

  • On Thursday, November 15th, Francisco Partners Gp Ii, Lp sold 42,590 shares of Computer Programs & Systems stock. The shares were sold at an average price of $25.57, for a total value of $1,089,026.30.

NASDAQ:CPSI traded down $0.10 during trading hours on Friday, reaching $25.46. The company had a trading volume of 624,732 shares, compared to its average volume of 117,497. Computer Programs & Systems, Inc. has a 1-year low of $24.57 and a 1-year high of $34.65. The company has a market capitalization of $364.40 million, a PE ratio of 19.14, a PEG ratio of 1.63 and a beta of -0.01. 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 announced its quarterly earnings results on Thursday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.31. Computer Programs & Systems had a positive return on equity of 16.74% and a negative net margin of 4.02%. The company had revenue of $69.30 million during the quarter, compared to the consensus estimate of $70.87 million. During the same period in the previous year, the company posted $0.43 earnings per share. Computer Programs & Systems’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Computer Programs & Systems, Inc. will post 1.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, November 14th. Computer Programs & Systems’s payout ratio is presently 30.08%.

A number of large investors have recently made changes to their positions in CPSI. UBS Group AG lifted its holdings in Computer Programs & Systems by 57.4% in the first quarter. UBS Group AG now owns 9,070 shares of the company’s stock valued at $265,000 after acquiring an additional 3,306 shares during the period. Royal Bank of Canada lifted its holdings in Computer Programs & Systems by 7,658.4% in the first quarter. Royal Bank of Canada now owns 13,810 shares of the company’s stock valued at $403,000 after acquiring an additional 13,632 shares during the period. Principal Financial Group Inc. lifted its holdings in Computer Programs & Systems by 2.5% in the first quarter. Principal Financial Group Inc. now owns 85,430 shares of the company’s stock valued at $2,495,000 after acquiring an additional 2,054 shares during the period. Allianz Asset Management GmbH acquired a new position in Computer Programs & Systems in the first quarter valued at approximately $447,000. Finally, Bank of Montreal Can lifted its holdings in Computer Programs & Systems by 3,197.7% in the second quarter. Bank of Montreal Can now owns 44,750 shares of the company’s stock valued at $1,472,000 after acquiring an additional 43,393 shares during the period. 86.24% of the stock is owned by institutional investors.

CPSI has been the topic of a number of recent research reports. BidaskClub lowered Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating and set a $32.00 target price on the stock in a research report on Wednesday, November 7th. SunTrust Banks reiterated a “hold” rating and issued a $30.00 target price on shares of Computer Programs & Systems in a research report on Thursday, August 9th. Robert W. Baird dropped their target price on Computer Programs & Systems from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th. Finally, ValuEngine lowered Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.83.

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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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