Menta Capital LLC Sells 12,169 Shares of Computer Programs & Systems, Inc. (CPSI)

Share on StockTwits

Menta Capital LLC cut its stake in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) by 45.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,399 shares of the company’s stock after selling 12,169 shares during the quarter. Menta Capital LLC’s holdings in Computer Programs & Systems were worth $361,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Computer Programs & Systems by 11.8% in the fourth quarter. Geode Capital Management LLC now owns 132,584 shares of the company’s stock worth $3,327,000 after acquiring an additional 13,977 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Computer Programs & Systems by 12.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,975 shares of the company’s stock worth $1,179,000 after acquiring an additional 5,125 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Computer Programs & Systems by 30.1% in the fourth quarter. Bessemer Group Inc. now owns 29,400 shares of the company’s stock worth $738,000 after acquiring an additional 6,800 shares during the last quarter. Northern Trust Corp increased its stake in shares of Computer Programs & Systems by 1.0% in the fourth quarter. Northern Trust Corp now owns 169,586 shares of the company’s stock worth $4,257,000 after acquiring an additional 1,643 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Computer Programs & Systems in the fourth quarter worth $246,000. 82.18% of the stock is owned by institutional investors.

Shares of NASDAQ:CPSI opened at $29.57 on Monday. The firm has a market capitalization of $416.52 million, a P/E ratio of 15.24 and a beta of 0.26. Computer Programs & Systems, Inc. has a 1 year low of $23.81 and a 1 year high of $34.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.82 and a quick ratio of 1.78.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Friday, February 15th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.20. The firm had revenue of $72.30 million during the quarter, compared to analysts’ expectations of $74.06 million. Computer Programs & Systems had a net margin of 6.29% and a return on equity of 17.65%. Computer Programs & Systems’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 28th. Computer Programs & Systems’s dividend payout ratio (DPR) is 20.62%.

CPSI has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $32.00 price objective on shares of Computer Programs & Systems in a report on Friday, February 15th. BidaskClub upgraded shares of Computer Programs & Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Zacks Investment Research cut shares of Computer Programs & Systems from a “buy” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, SunTrust Banks upped their price objective on shares of Computer Programs & Systems to $35.00 and gave the stock a “hold” rating in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Computer Programs & Systems currently has an average rating of “Hold” and an average price target of $28.83.

TRADEMARK VIOLATION NOTICE: “Menta Capital LLC Sells 12,169 Shares of Computer Programs & Systems, Inc. (CPSI)” was posted by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://weekherald.com/2019/03/18/menta-capital-llc-sells-12169-shares-of-computer-programs-systems-inc-cpsi.html.

Computer Programs & Systems Profile

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 helps 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.

Read More: How do taxes affect a CDs total return?

Want to see what other hedge funds are holding CPSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Computer Programs & Systems, Inc. (NASDAQ:CPSI).

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

Receive News & Ratings for Computer Programs & Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs & Systems and related companies with MarketBeat.com's FREE daily email newsletter.