Ownership Change: Computer Programs & Systems, Inc. (NASDAQ:CPSI)’s Stock Insider Investment – Robert Hinckle Picked up 4,000 Shares

November 29, 2016 - By Winifred Garcia

Ownership Change: Computer Programs & Systems, Inc. (NASDAQ:CPSI)'s Stock Insider Investment   Robert Hinckle Picked up 4,000 Shares

Robert Hinckle Insider Buy

In an electronic report submitted to the U.S. Security and Exchange Commission, it was made public that the Senior VP – Client Services of Computer Programs & Systems Inc Robert Hinckle, an insider in question, made a stock market trade for 4,000 shares of the ‘s company, having a total value of $100,360 U.S. Dollars using an average price-per-share of $25.1 U.S. Dollars. Robert Hinckle currently has ownership of 0.13% of the market capitalization of Computer Programs & Systems Inc.

Computer Programs & Systems, Inc. (NASDAQ:CPSI) Ratings Coverage

Out of 11 analysts covering Computer Progams & Systems (NASDAQ:CPSI), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. $68 is the highest target while $21 is the lowest. The $47.90 average target is 92.37% above today’s ($24.9) stock price. Computer Progams & Systems has been the topic of 24 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Topeka Capital Markets maintained the stock with “Hold” rating in Friday, October 30 report. Topeka Capital Markets downgraded the stock to “Hold” rating in Friday, July 31 report. On Monday, November 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Monday, December 14, the company rating was upgraded by Suntrust Robinson. The stock of Computer Programs & Systems, Inc. (NASDAQ:CPSI) has “Neutral” rating given on Thursday, September 22 by Citigroup. The firm has “Mkt Perform” rating by FBR Capital given on Friday, November 27. The stock of Computer Programs & Systems, Inc. (NASDAQ:CPSI) earned “Buy” rating by Topeka Capital Markets on Friday, January 29. The firm has “Underweight” rating by KeyBanc Capital Markets given on Thursday, February 4. KeyBanc Capital Markets maintained the stock with “Underweight” rating in Tuesday, August 16 report. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, August 5 report.

Insitutional Activity: The institutional sentiment increased to 1.1 in 2016 Q2. Its up 0.25, from 0.85 in 2016Q1. The ratio is positive, as 32 funds sold all Computer Programs & Systems, Inc. shares owned while 47 reduced positions. 14 funds bought stakes while 53 increased positions. They now own 12.42 million shares or 11.51% less from 14.04 million shares in 2016Q1.

Deutsche Natl Bank Ag accumulated 128,953 shares or 0% of the stock. Acadian Asset Mngmt Limited Liability Corp holds 20,673 shares or 0% of its portfolio. Regions Fincl Corporation has 0.01% invested in the company for 24,509 shares. Great West Life Assurance Can has invested 0% of its portfolio in Computer Programs & Systems, Inc. (NASDAQ:CPSI). Palisade Cap Ltd Liability Company Nj has 89,728 shares for 0.13% of their US portfolio. The California-based Wells Fargo & Mn has invested 0% in Computer Programs & Systems, Inc. (NASDAQ:CPSI). Metropolitan Life holds 0% or 8,848 shares in its portfolio. Vanguard Grp Inc owns 932,513 shares or 0% of their US portfolio. Gradient Llc accumulated 10 shares or 0% of the stock. Sandy Spring Savings Bank holds 0% or 107 shares in its portfolio. Moreover, Martingale Asset Limited Partnership has 0.01% invested in Computer Programs & Systems, Inc. (NASDAQ:CPSI) for 12,504 shares. Tiaa Cref Investment Ltd Limited Liability Company has 43,901 shares for 0% of their US portfolio. Virginia Retirement System Et Al accumulated 27,500 shares or 0.02% of the stock. Gilman Hill Asset Mgmt Ltd Llc holds 1.8% or 110,048 shares in its portfolio. Millennium Lc holds 0.01% or 73,563 shares in its portfolio.

Insider Transactions: Since August 19, 2016, the stock had 2 buys, and 0 selling transactions for $280,390 net activity. On Tuesday, August 23 the insider Outlaw Arthur Robert Jr bought $26,090. Shares for $254,300 were bought by DOUGLAS JOHN B JR.

About 123,153 shares traded hands. Computer Programs & Systems, Inc. (NASDAQ:CPSI) has declined 53.12% since April 26, 2016 and is downtrending. It has underperformed by 58.38% the S&P500.

Computer Programs and Systems, Inc. is a well-known provider of healthcare information technology (IT) solutions for rural and community hospitals and post-acute care facilities. The company has a market cap of $331.04 million. The Firm provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations. It has a 56.13 P/E ratio. Additionally, CPSI provides other IT solutions, including business management services, remote hosting, networking technologies and other related services.

According to Zacks Investment Research, “Computer Programs and Systems, Inc has been serving the information technology needs of community healthcare providers for over twenty-seven years. Headquartered in Mobile, Alabama, the company provides a complete health information and patient care system that encompasses the full spectrum of financial and clinical applications. The CPSI System provides the most comprehensive single-source electronic medical record available and allows the realization of a true enterprise-wide electronic medical record. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital.”

Analysts await Computer Programs & Systems, Inc. (NASDAQ:CPSI) to report earnings on January, 26. They expect $0.39 earnings per share, up 30.00% or $0.09 from last year’s $0.3 per share. CPSI’s profit will be $5.19M for 15.97 P/E if the $0.39 EPS becomes a reality. After $0.28 actual earnings per share reported by Computer Programs & Systems, Inc. for the previous quarter, Wall Street now forecasts 39.29% EPS growth.

More news for Computer Programs & Systems, Inc. (NASDAQ:CPSI) were recently published by: Nasdaq.com, which released: “Computer Programs and Systems, Inc. (CPSI) Ex-Dividend Date Scheduled for ..” on November 14, 2016. Thestreet.com‘s article titled: “Commit To Purchase Computer Programs & Systems At $17.50, Earn 8.4% Annualized ..” and published on November 04, 2016 is yet another important article.

CPSI Company Profile

Computer Programs and Systems, Inc. (CPSI), incorporated on March 13, 2002, is a well-known provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Firm provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations throughout the United States. Additionally, CPSI provides other IT solutions, including business management services, remote hosting, networking technologies and other related services. The Firm supports approximately 1,300 acute care facilities and over 3,300 post-acute care facilities with a customer base within the domestic rural and community healthcare market.

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