Bridge City Capital LLC Raises Position in Computer Programs and Systems, Inc. (CPSI)

Bridge City Capital LLC increased its stake in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,792 shares of the company’s stock after acquiring an additional 3,497 shares during the quarter. Bridge City Capital LLC owned about 0.33% of Computer Programs and Systems worth $1,294,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Computer Programs and Systems by 77.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock valued at $125,000 after acquiring an additional 1,667 shares during the period. OppenheimerFunds Inc. purchased a new position in Computer Programs and Systems in the 1st quarter worth about $210,000. Thrivent Financial For Lutherans purchased a new position in Computer Programs and Systems in the 2nd quarter worth about $211,000. Voya Investment Management LLC purchased a new position in Computer Programs and Systems in the 2nd quarter worth about $211,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Computer Programs and Systems in the 2nd quarter worth about $226,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

In related news, insider David A. Dye sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $29.01, for a total value of $87,030.00. Following the completion of the transaction, the insider now directly owns 61,568 shares of the company’s stock, valued at $1,786,087.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The business had revenue of $67.11 million during the quarter, compared to analyst estimates of $68.68 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share.

Several research firms recently commented on CPSI. Zacks Investment Research raised shares of Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, August 8th. BidaskClub raised shares of Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Cantor Fitzgerald reissued a “hold” rating and set a $28.00 target price on shares of Computer Programs and Systems in a research report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $30.00 target price on shares of Computer Programs and Systems in a research report on Thursday, August 31st. Finally, KeyCorp reissued a “sell” rating and set a $21.00 target price on shares of Computer Programs and Systems in a research report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Computer Programs and Systems presently has a consensus rating of “Hold” and a consensus price target of $29.71.

ILLEGAL ACTIVITY WARNING: “Bridge City Capital LLC Raises Position in Computer Programs and Systems, Inc. (CPSI)” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.com-unik.info/2017/11/03/bridge-city-capital-llc-raises-position-in-computer-programs-and-systems-inc-cpsi.html.

Computer Programs and Systems 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 and Systems (NASDAQ:CPSI)

What are top analysts saying about Computer Programs and Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Computer Programs and Systems Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit