Computer Programs and Systems, Inc. (NASDAQ: CPSI) saw a substantial rise in short interest in November. As of November 15, there were 279,800 shares outstanding, which is a 6.0% increase from the 263,900 outstanding as of October 31. 2.0% of the stock’s shares are now being sold short. Based on an average daily trading volume of 75,700 shares, the days-to-cover ratio is 3.7 days.
Hedge funds and a few institutional investors have recently altered their CPSI holdings. Point72 Hong Kong Ltd. spent $25,000 on new software and system shares during the first quarter. Denali Advisors LLC increased its ownership of computer systems and programs by $29,000 in the second quarter. Quantbot Technologies LP boosted its stake in software and hardware by 225.0% during the second quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock worth $31,000 after acquiring an additional 675 shares in the last quarter. During the second quarter, Dorsey Wright & Associates added a $35,000 post in computer systems and programming. Finally, Captrust Financial Advisors grew its stake in computer systems and software by 95.8% during the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock, worth $40,000, after acquiring an additional 574 shares over the last three months. Institutions own 90.16 percent of the company’s equity.
In related news, CEO Christopher L. Fowler sold 1,000 company stock on Monday, October 24. A total of $30,000 worth of stock was sold, with an average price of $30. The value of the chief executive officer’s direct ownership in the company is now 65,038 shares, or about $1,951,140. You can access a legal document that described the sale and was submitted to the SEC by clicking this link. Insiders have sold 3,700 shares of company stock in the last 90 days for a total of $110,141. 4.20 company insiders hold percent of the shares.
Recently, various analysts have offered their opinions on CPSI’s stock. The Street downgraded computer systems and applications from “c+” to “b” on Monday, October 24. StockNews.com released a research note on software and computer systems on Wednesday, October 12. They said that investors should “purchase” the shares.
Computer Programs and Systems’ stock price climbed $0.38 on Friday to $29.66. Compared to the typical amount of 64,721 shares, only 49,408 shares of the company’s stock were traded. The company’s quick and current ratios are 1.74 and 1.78, respectively, while its debt-to-equity ratio is 0.59. The business has a $430.37 million market capitalization, a price-to-earnings ratio of 23.17, a PEG ratio of 0.91, and a beta of 0.69. The fifty-day moving average price of the stock is $28.88, and the 200-day moving average price is $30.48. Over the past year, $25.33 and $35.50 have been the lowest and highest prices for computer hardware and software, respectively.
Computer Programs and Systems, Inc. provides healthcare IT services and solutions in the US and the Caribbean of St. Maarten. It’s software systems include patient management software, which enables a hospital to identify a patient at various points in the healthcare delivery system and collect and maintain patient information throughout the process of patient care, as well as financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.
