Quantum Capital Management Nj buys $22,960,464 stake in Computer Programs & Systems (CPSI)

Computer Programs & Systems (CPSI) : Quantum Capital Management Nj scooped up 306,823 additional shares in Computer Programs & Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 848,502 shares of Computer Programs & Systems which is valued at $22,960,464.Computer Programs & Systems makes up approximately 7.61% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in CPSI by selling 1,942 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 43,901 shares of CPSI which is valued at $1,187,961.Bahl Gaynor Inc boosted its stake in CPSI in the latest quarter, The investment management firm added 1,280 additional shares and now holds a total of 16,175 shares of Computer Programs & Systems which is valued at $437,696. Computer Programs & Systems makes up approx 0.01% of Bahl Gaynor Inc’s portfolio. Sg Americas Securities sold out all of its stake in CPSI during the most recent quarter. The investment firm sold 2,112 shares of CPSI which is valued $82,643. Paragon Capital Management Ltd sold out all of its stake in CPSI during the most recent quarter. The investment firm sold 4,086 shares of CPSI which is valued $165,360.

Computer Programs & Systems closed down -0.11 points or -0.42% at $25.87 with 1,78,906 shares getting traded on Tuesday. Post opening the session at $26.15, the shares hit an intraday low of $25.8 and an intraday high of $26.365 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Computer Programs & Systems reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.31 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $68.42 million for the quarter, compared to analysts expectations of $74.35 million. The company’s revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Computer Programs & Systems. Shares were Reiterated by FBR Capital on Aug 5, 2016 to “Mkt Perform” and Lowered the Price Target to $ 30 from a previous price target of $48 .

Computer Programs and Systems Inc. (CPSI) is a provider of healthcare information technology solutions for rural and community hospitals with over 650 client hospitals in 46 states and the District of Columbia. The Company provides 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 information technology solutions including business management services remote hosting networking technologies and other related services. TruBridge LLC is a wholly owned subsidiary of CPSI. TruBridge provides business management consulting and managed information technology (IT) services specifically targeted at rural and community healthcare organizations.

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