Leavell Investment Management Inc. Has $278,000 Position in Computer Programs & Systems, Inc. (CPSI)

Leavell Investment Management Inc. boosted its position in Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,475 shares of the company’s stock after buying an additional 900 shares during the period. Leavell Investment Management Inc. owned about 0.06% of Computer Programs & Systems worth $278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CPSI. Great West Life Assurance Co. Can increased its stake in Computer Programs & Systems by 13.3% in the first quarter. Great West Life Assurance Co. Can now owns 15,345 shares of the company’s stock worth $430,000 after buying an additional 1,799 shares in the last quarter. Wells Fargo & Company MN increased its stake in Computer Programs & Systems by 1.9% in the first quarter. Wells Fargo & Company MN now owns 68,248 shares of the company’s stock valued at $1,911,000 after buying an additional 1,305 shares in the last quarter. River Road Asset Management LLC increased its stake in Computer Programs & Systems by 36.4% in the first quarter. River Road Asset Management LLC now owns 925,495 shares of the company’s stock valued at $25,914,000 after buying an additional 246,844 shares in the last quarter. Cubic Asset Management LLC increased its stake in Computer Programs & Systems by 11.1% in the first quarter. Cubic Asset Management LLC now owns 56,415 shares of the company’s stock valued at $1,580,000 after buying an additional 5,645 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Computer Programs & Systems by 107.3% in the first quarter. Nisa Investment Advisors LLC now owns 16,480 shares of the company’s stock valued at $461,000 after buying an additional 8,530 shares in the last quarter.

Shares of Computer Programs & Systems, Inc. (CPSI) traded up 1.02% during trading on Friday, hitting $29.70. The stock had a trading volume of 63,461 shares. The firm’s 50-day moving average is $31.60 and its 200-day moving average is $29.24. Computer Programs & Systems, Inc. has a one year low of $18.25 and a one year high of $36.15. The firm has a market cap of $398.84 million, a P/E ratio of 76.55 and a beta of 0.23.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $67.70 million for the quarter, compared to analyst estimates of $69.56 million. Computer Programs & Systems had a return on equity of 4.07% and a net margin of 2.34%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Equities research analysts forecast that Computer Programs & Systems, Inc. will post $1.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be given a $0.30 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.04%. This is an increase from Computer Programs & Systems’s previous quarterly dividend of $0.20. Computer Programs & Systems’s dividend payout ratio (DPR) is 200.00%.

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Several equities research analysts recently issued reports on CPSI shares. Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 price objective on shares of Computer Programs & Systems in a report on Friday, May 5th. BidaskClub downgraded Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded Computer Programs & Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Wednesday, July 5th. ValuEngine raised Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $30.00 price objective (up from $27.00) on shares of Computer Programs & Systems in a research report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Computer Programs & Systems currently has an average rating of “Hold” and a consensus price target of $28.43.

In other news, VP James B. Britain sold 5,035 shares of Computer Programs & Systems stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $32.66, for a total value of $164,443.10. Following the completion of the transaction, the vice president now owns 12,561 shares of the company’s stock, valued at approximately $410,242.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Christopher L. Fowler sold 1,663 shares of Computer Programs & Systems stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $35.00, for a total transaction of $58,205.00. Following the sale, the chief operating officer now directly owns 32,982 shares of the company’s stock, valued at approximately $1,154,370. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,235 shares of company stock valued at $440,985. 3.70% of the stock is owned by insiders.

Computer Programs & Systems Company Profile

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’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).

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

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