Computer Programs and Systems, (NASDAQ:CPSI) has been the object of insider selling activity recently. Christopher L. Fowler, COO reported the sale of 837 shares. The shares were sold on June 9th for an average price of $34.90. Fowler now owns $1,121,861 of the stock per the Form 4 SEC filing. Christopher L. Fowler, COO disclosed the sale of 1,663 shares of (CPSI). The shares were purchased at an average price of $35.00. The COO now owns $1,154,370 of the stock according to the SEC filing.
Senior Vice President – Sales Troy D. Rosser sold 2,715 shares at a price of $27.95 on Wed the 29th. The Senior Vice President – Sales now owns $501,311 of the stock as reported to the SEC.
Computer Programs and Systems, Inc. (CPSI), launched on March 13, 2002, is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Business’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc. (Healthland). Its Post-acute Care EHR segment consists of post-acute care software solutions and support sales generated by American HealthTech, Inc. (AHT). Its TruBridge, Rycan, and Other Outsourcing segment primarily consists of business management, consulting and managed IT services sales generated by TruBridge, LLC (TruBridge) and the sale of Rycan Technologies, Inc.’s (Rycan’s) revenue cycle management workflow and automation software..
Here are a few additional firms who have increased or decreased their stake in (CPSI). Morgan Stanley trimmed its position by shedding 1,600 shares a decrease of 43.8%. Morgan Stanley currently owns 2,053 shares worth $57,000. The value of the position overall is down by 33.7%. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 2,469 shares trimming its holdings by 83.0%. The value of the investment in Computer Programs and Systems, decreased from $78,000 to $14,000 a change of 82.1% since the last quarter.
As of quarter end Goldman Sachs Group Inc had sold 17,719 shares trimming its stake by 37.8%. The value in dollars went from $1,105,000 to $815,000 a change of $290,000 quarter to quarter. State Street Corp bolstered its investment by buying 4,518 shares an increase of 1.7% as of 03/31/2017. State Street Corp now holds 273,456 shares valued at $7,653,000. The total value of its holdings increased 20.5%.
On September 22 Citigroup maintained a company rating of “” and lowered the price target to $27.00 from $57.00. August 16 investment analysts at KeyBanc left the stock rating at “Underweight” but moved down the price target to $35.00 from $48.00.
On April 14 the company was downgraded to “Neutral” from “Outperform” and a price target of $59.00 was set in a report issued by Baird. Baird both downgraded the stock and lowered the price target on April 14 cutting the price target from $65.00 to $59.00 and altering the rating from “Outperform” to “Neutral”.
On February 16 Citigroup left the company rating at “Neutral” and raised the price expectation from $50.00 to $57.00. February 4 investment analysts at KeyBanc made no change to the stock rating of “Underweight” and raised the price expectation from $40.00 to $48.00.
In the market the company is trading down from yesterday’s close of $34.65. The company declared a dividend paid on Friday June 2nd, 2017. The dividend payment was $0.200 per share for the quarter which is $0.80 annualized. The dividend yield was $2.31. The ex-dividend date was set for Tuesday the 16th of May 2017.
The stock last traded at $34.50 which is marginally over $31.73, the 50 day moving average and which is slightly above the 200 day moving average of $26.88. The 50 day moving average went up by +9.20% and the 200 day average went up by +28.91%.
The most current P/E ratio is 80.02 and the market value is 464.73M. In the last earnings report the EPS was $0.43 and is expected to be $1.69 for the current year with 13,412,000 shares outstanding. Next quarter’s EPS is forecasted at $0.46 with next year’s EPS anticipated to be $1.91.
Traders are feeling more bullish on Computer Programs and Systems, at least if you consider the change in short interest. The stock realized a fall in short interest between May 15, 2017 and April 28, 2017 of -8.43%. Short shares decreased 382,874 over that period. Days to cover decreased from 52.2 to 24.4 and the short interest percentage is 0.31% as of April 28.