Computer Programs & Systems, Inc. (NASDAQ:CPSI) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. grew its holdings in Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 15.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 181,509 shares of the company’s stock after acquiring an additional 24,623 shares during the quarter. Prudential Financial Inc. owned 1.26% of Computer Programs & Systems worth $5,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CPSI. Acadian Asset Management LLC boosted its holdings in Computer Programs & Systems by 1,716.9% in the first quarter. Acadian Asset Management LLC now owns 110,759 shares of the company’s stock worth $3,288,000 after acquiring an additional 104,663 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Computer Programs & Systems by 218.7% in the second quarter. JPMorgan Chase & Co. now owns 121,508 shares of the company’s stock worth $3,287,000 after acquiring an additional 83,383 shares in the last quarter. LSV Asset Management acquired a new stake in Computer Programs & Systems in the second quarter worth about $2,057,000. Marshall Wace LLP boosted its holdings in Computer Programs & Systems by 41.2% in the first quarter. Marshall Wace LLP now owns 203,250 shares of the company’s stock worth $6,034,000 after acquiring an additional 59,306 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in Computer Programs & Systems in the first quarter worth about $1,586,000. 79.18% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CPSI traded up $0.14 during trading on Friday, hitting $23.96. The stock had a trading volume of 18,238 shares, compared to its average volume of 120,363. Computer Programs & Systems, Inc. has a 12-month low of $20.72 and a 12-month high of $34.00. The stock has a market capitalization of $345.40 million, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 2.32 and a beta of 0.53. The company has a quick ratio of 1.55, a current ratio of 1.60 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $23.00 and a two-hundred day simple moving average of $27.16.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.18. The company had revenue of $66.16 million during the quarter, compared to analysts’ expectations of $68.74 million. Computer Programs & Systems had a return on equity of 14.04% and a net margin of 6.66%. Computer Programs & Systems’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. As a group, sell-side analysts forecast that Computer Programs & Systems, Inc. will post 0.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, August 15th. Computer Programs & Systems’s dividend payout ratio is currently 20.62%.

Several research analysts have recently issued reports on CPSI shares. Zacks Investment Research cut Computer Programs & Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, August 12th. TheStreet cut Computer Programs & Systems from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. BidaskClub upgraded Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research note on Friday. ValuEngine upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, SunTrust Banks reduced their price objective on Computer Programs & Systems from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.41.

In related news, SVP Troy D. Rosser sold 5,620 shares of Computer Programs & Systems stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $21.21, for a total transaction of $119,200.20. Following the completion of the transaction, the senior vice president now directly owns 41,509 shares in the company, valued at $880,405.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John B. Douglas, Jr. sold 2,605 shares of Computer Programs & Systems stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $27.51, for a total value of $71,663.55. Following the transaction, the insider now 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 quarter, insiders have sold 10,830 shares of company stock valued at $264,533. 12.30% of the stock is owned by company insiders.

About Computer Programs & Systems

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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