Los Angeles Capital Management LLC increased its stake in Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) by 29.8% in the third quarter, according to the latest filings with the SEC. The fund owned 19,866 shares of the company after purchasing an additional 4,560 shares during the period. Los Angeles Capital Management LLC owned approximately 0.14% of $554,000 worth of computer programs and systems as of the latest SEC filing.
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Several other hedge funds and other institutional investors have also recently changed their holdings in the business. Point72 Hong Kong Ltd acquired a new stake in his $25,000 worth of Computer Programs and Systems in the first quarter. Denali Advisors LLC acquired a new stake in his Computer Programs and Systems worth $29,000 in the second quarter. Quantbot Technologies LP increased his shareholding in computer programs and systems by 225.0% in the second quarter. Quantbot Technologies LP now owns 975 shares of the company worth $31,000 after acquiring an additional 675 shares last quarter. Dorsey Wright & Associates acquired new shares of Computer Programs and Systems worth $35,000 in the second quarter. Finally, Captrust Financial Advisors increased its stake in computer programs and systems by 95.8% in the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company worth $40,000 after acquiring an additional 574 shares last quarter. Institutional investors own 89.91% of the company’s shares.
Analyst upgrades and downgrades
Several research analysts have commented on the company. TheStreet upgraded Computer Programs and Systems from a ‘c+’ rating to a ‘b’ rating in its report on Monday, October 24th. StockNews.com ran an article about computer programs and systems in its report on Wednesday, October 12th. They have set a “buy” rating on the stock.
1.4% increase in inventory of computer programs and systems
NASDAQ:CPSI shares opened Thursday at $28.60. The company has a market capitalization of $415.1 million, a price/earnings ratio of 22.34, a P/E/G ratio of 0.76 and a beta of 0.71. The company has a debt to equity ratio of 0.59, a current ratio of 1.78 and a quick ratio of 1.74. His 50-day moving average for this business is $28.10 and his 200-day moving average is $29.39. Computer Programs and Systems, Inc. has a one-year low of $25.33 and a one-year high of $35.50.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last released quarterly earnings data on Tuesday, November 1. The company reported that his earnings per share (EPS) for the quarter was $0.47, below analyst consensus expectations of $0.57 ($0.10) for him. The business generated $82.83 million in revenue for the quarter, compared to analyst estimates of $82.07 million. Computer Programs and Systems had a net profit margin of 5.91% and a return on equity of 14.47%. An equity research analyst expects Computer Programs and Systems, Inc. to bring his earnings per share to 2.18 this year.
Computer Programs and Systems Company Profile
Computer Programs and Systems, Inc provides medical information technology solutions and services in the United States and the Caribbean island of Saint Martin. Its software systems include patient management software that enables hospitals to identify patients at various points in the healthcare delivery system and to collect and maintain patient information throughout the patient care process. Financial accounting software provides business office applications for tracking and coordinating the information needed to make business decisions.
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