New York Life Investment Management LLC purchased a new stake in Computer Programs and Systems, Inc. (NASDAQ:CPSI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,784 shares of the company’s stock, valued at approximately $477,000. New York Life Investment Management LLC owned 0.11% of Computer Programs and Systems as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Computer Programs and Systems by 1.4% in the 1st quarter. BlackRock Inc. now owns 2,411,642 shares of the company’s stock valued at $83,079,000 after buying an additional 32,712 shares during the period. Vanguard Group Inc. boosted its position in Computer Programs and Systems by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,053,848 shares of the company’s stock valued at $29,381,000 after buying an additional 17,766 shares during the period. Dimensional Fund Advisors LP boosted its position in Computer Programs and Systems by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 670,778 shares of the company’s stock valued at $18,259,000 after buying an additional 38,859 shares during the period. State Street Corp boosted its position in Computer Programs and Systems by 3.7% in the 3rd quarter. State Street Corp now owns 627,784 shares of the company’s stock valued at $17,503,000 after buying an additional 22,333 shares during the period. Finally, LSV Asset Management boosted its position in Computer Programs and Systems by 6.1% in the 4th quarter. LSV Asset Management now owns 370,370 shares of the company’s stock valued at $10,081,000 after buying an additional 21,321 shares during the period. Hedge funds and other institutional investors own 89.49% of the company’s stock.
Computer Programs and Systems Price Performance
Shares of NASDAQ:CPSI opened at $18.42 on Thursday. The company’s fifty day moving average price is $24.70 and its 200 day moving average price is $26.83. Computer Programs and Systems, Inc. has a 12 month low of $18.40 and a 12 month high of $32.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.73 and a quick ratio of 1.71. The firm has a market capitalization of $268.05 million, a P/E ratio of 55.82, a P/E/G ratio of 0.61 and a beta of 0.74.
Wall Street Analyst Weigh In
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Computer Programs and 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 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.
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