Nationwide Fund Advisors continued to hold its stake in shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,351 shares of the company’s stock at the end of the 2nd quarter. Nationwide Fund Advisors’ holdings in Computer Programs and Systems were worth $208,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPSI. OppenheimerFunds Inc. purchased a new stake in shares of Computer Programs and Systems during the first quarter valued at $210,000. Principal Financial Group Inc. lifted its holdings in shares of Computer Programs and Systems by 3.3% during the first quarter. Principal Financial Group Inc. now owns 87,301 shares of the company’s stock valued at $2,444,000 after purchasing an additional 2,776 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Computer Programs and Systems by 2.5% during the first quarter. Teachers Advisors LLC now owns 40,729 shares of the company’s stock valued at $1,140,000 after purchasing an additional 987 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Computer Programs and Systems by 12.0% during the first quarter. California Public Employees Retirement System now owns 42,000 shares of the company’s stock valued at $1,176,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Computer Programs and Systems by 7.1% during the first quarter. Vanguard Group Inc. now owns 1,145,617 shares of the company’s stock valued at $32,077,000 after purchasing an additional 75,815 shares during the last quarter. Institutional investors and hedge funds own 99.44% of the company’s stock.

Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) opened at $28.90 on Wednesday. The stock has a market capitalization of $391.36, a PE ratio of 23.91, a P/E/G ratio of 2.07 and a beta of 0.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.24 and a quick ratio of 1.21. Computer Programs and Systems, Inc. has a one year low of $21.60 and a one year high of $36.15.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The business had revenue of $67.11 million during the quarter, compared to analysts’ expectations of $68.68 million. Computer Programs and Systems had a return on equity of 10.01% and a net margin of 2.32%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. analysts predict that Computer Programs and Systems, Inc. will post 1.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, November 15th. Computer Programs and Systems’s dividend payout ratio is currently 266.67%.

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In related news, insider David A. Dye sold 3,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $30.03, for a total value of $90,090.00. Following the completion of the sale, the insider now directly owns 58,568 shares of the company’s stock, valued at approximately $1,758,797.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

CPSI has been the subject of several analyst reports. Zacks Investment Research raised Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, August 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $32.00 target price (down from $35.00) on shares of Computer Programs and Systems in a report on Thursday, September 14th. Robert W. Baird reaffirmed a “hold” rating and set a $30.00 target price on shares of Computer Programs and Systems in a report on Thursday, August 31st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $28.00 target price on shares of Computer Programs and Systems in a report on Tuesday, September 26th. Finally, BidaskClub raised Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.50.

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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