Sunbelt Securities buys $373,187 stake in Computer Programs & Systems (CPSI)

Computer Programs & Systems (CPSI) : Sunbelt Securities scooped up 8,986 additional shares in Computer Programs & Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 14,809 shares of Computer Programs & Systems which is valued at $373,187.Computer Programs & Systems makes up approximately 0.44% of Sunbelt Securities’s portfolio.

Other Hedge Funds, Including , Johnson Financial Group reduced its stake in CPSI by selling 175 shares or 46.67% in the most recent quarter. The Hedge Fund company now holds 200 shares of CPSI which is valued at $5,040. Bessemer Group Inc added CPSI to its portfolio by purchasing 13,000 company shares during the most recent quarter which is valued at $297,700.Dimensional Fund Advisors Lp reduced its stake in CPSI by selling 6,069 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 325,073 shares of CPSI which is valued at $7,444,172. American Century Companies Inc sold out all of its stake in CPSI during the most recent quarter. The investment firm sold 65,742 shares of CPSI which is valued $1,696,144. Proficio Capital Partners added CPSI to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $289.

Computer Programs & Systems opened for trading at $24.35 and hit $24.8 on the upside on Monday, eventually ending the session at $24.8, with a gain of 1.64% or 0.4 points. The heightened volatility saw the trading volume jump to 3,58,897 shares. Company has a market cap of $336 M.

On the company’s financial health, Computer Programs & Systems reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.52. The company had revenue of $64.70 million for the quarter, compared to analysts expectations of $67.69 million. The company’s revenue was up 45.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

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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