Mondrian Investment Partners LTD cut its stake in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) by 13.2% during the second quarter, Holdings Channel reports. The institutional investor owned 86,500 shares of the company’s stock after selling 13,108 shares during the period. Mondrian Investment Partners LTD’s holdings in Computer Programs and Systems were worth $2,837,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in Computer Programs and Systems by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock valued at $1,334,000 after buying an additional 209 shares in the last quarter. Texas Permanent School Fund boosted its stake in Computer Programs and Systems by 0.9% in the second quarter. Texas Permanent School Fund now owns 7,807 shares of the company’s stock valued at $256,000 after buying an additional 67 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Computer Programs and Systems by 377.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 13,559 shares of the company’s stock valued at $445,000 after buying an additional 10,722 shares in the last quarter. Strs Ohio acquired a new stake in Computer Programs and Systems during the second quarter valued at approximately $492,000. Finally, Hamilton Lane Advisors LLC acquired a new stake in Computer Programs and Systems during the second quarter valued at approximately $2,462,000.

Computer Programs and Systems, Inc. (NASDAQ:CPSI) opened at 29.70 on Friday. Computer Programs and Systems, Inc. has a 1-year low of $18.25 and a 1-year high of $36.15. The company has a 50-day moving average price of $31.51 and a 200 day moving average price of $29.29. The stock has a market capitalization of $398.84 million, a P/E ratio of 76.55 and a beta of 0.23.

Computer Programs and Systems (NASDAQ:CPSI) last released its earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $67.70 million during the quarter, compared to analyst estimates of $69.56 million. Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. On average, equities analysts predict that Computer Programs and Systems, Inc. will post $1.65 EPS for the current year.

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

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Several research firms have recently commented on CPSI. Zacks Investment Research cut Computer Programs and Systems from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price target (up from $27.00) on shares of Computer Programs and Systems in a report on Friday, June 16th. ValuEngine raised Computer Programs and Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Dougherty & Co raised their price target on Computer Programs and Systems from $32.00 to $36.00 and gave the company a “buy” rating in a report on Monday, May 15th. 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’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.43.

In other Computer Programs and Systems news, VP James B. Britain sold 5,035 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $32.66, for a total value of $164,443.10. Following the completion of the sale, the vice president now directly owns 12,561 shares in the company, valued at $410,242.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor S. Schneider sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $33.18, for a total value of $189,126.00. Following the completion of the sale, the insider now owns 43,352 shares of the company’s stock, valued at $1,438,419.36. The disclosure for this sale can be found here. Insiders sold 13,235 shares of company stock valued at $440,985 over the last 90 days. 3.70% of the stock is currently owned by insiders.

About Computer Programs and Systems

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).

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

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