Nisa Investment Advisors Purchases New Stake in Computer Programs & Systems, Inc. (CPSI)

Nisa Investment Advisors purchased a new stake in shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,550 shares of the company's stock, valued at approximately $724,000. Nisa Investment Advisors owned approximately 0.13% of Computer Programs & Systems at the end of the most recent reporting period.

Separately, EQIS Capital Management boosted its position in Computer Programs & Systems by 390.6% in the fourth quarter. EQIS Capital Management now owns 11,273 shares of the company's stock valued at $561,000 after buying an additional 8,975 shares in the last quarter.

Computer Programs & Systems, Inc. (NASDAQ:CPSI ^[1]) traded up 4.48% during mid-day trading on Friday, hitting $49.89. 130,850 shares of the company traded hands. Computer Programs & Systems, Inc. has a one year low of $36.04 and a one year high of $59.62. The firm has a 50 day moving average of $49.04 and a 200 day moving average of $46.65. The firm has a market capitalization of $563.86 million and a P/E ratio of 25.98.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.23. The company had revenue of $44.60 million for the quarter, compared to analyst estimates of $47.68 million. During the same quarter in the previous year, the business posted $0.83 EPS. The business's revenue was down 16.3% compared to the same quarter last year. Equities research analysts expect that Computer Programs & Systems, Inc. will post $1.79 earnings per share for the current fiscal year.

A number of research analysts have issued reports on CPSI shares. Zacks Investment Research ^[2] upgraded shares of Computer Programs & Systems from a "sell" rating to a "hold" rating in a research report on Tuesday, January 12th. SunTrust upgraded shares of Computer Programs & Systems from a "neutral" rating to a "buy" rating and increased their target price for the stock from $45.00 to $68.00 in a research report on Monday, December 14th. KeyBanc increased their target price on shares of Computer Programs & Systems from $32.00 to $40.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 19th. Topeka Capital Markets decreased their target price on shares of Computer Programs & Systems from $52.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, October 30th. Finally, William Blair restated a "hold" rating on shares of Computer Programs & Systems in a research report on Wednesday, November 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Computer Programs & Systems currently has an average rating of "Hold" and an average target price of $52.70.

In other Computer Programs & Systems news, VP Robert D. Hinckle sold 4,500 shares of Computer Programs & Systems stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $47.81, for a total value of $215,145.00. Following the sale, the vice president now owns 11,350 shares of the company's stock, valued at $542,643.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink ^[3]. Also, COO Christopher L. Fowler sold 6,000 shares of Computer Programs & Systems stock in a transaction dated Tuesday, December 8th. The stock was sold at an average price of $48.0 0, for a total transaction of $288,000.00. Following the completion of the sale, the chief operating officer now directly owns 17,680 shares in the company, valued at approximately $848,640. The disclosure for this sale can be found here ^[4].

Computer Programs and Systems, Inc. (NASDAQ:CPSI ^[5]) 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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