Francisco Partners Management Lp adds Computer Programs & Systems (CPSI) to its portfolio

Computer Programs & Systems (CPSI) : Francisco Partners Management Lp added new position in Computer Programs & Systems during the most recent quarter end. The investment management firm now holds 1,965,605 shares of Computer Programs & Systems which is valued at $85.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Computer Programs & Systems makes up approximately 32.81% of Francisco Partners Management Lp’s portfolio.

Other Hedge Funds, Including , Citadel Advisors reduced its stake in CPSI by selling 10,741 shares or 45.76% in the most recent quarter. The Hedge Fund company now holds 12,732 shares of CPSI which is valued at $554,097. Massmutual Trust Co Fsbadv added CPSI to its portfolio by purchasing 281 company shares during the most recent quarter which is valued at $12,229.Teachers Advisors Inc boosted its stake in CPSI in the latest quarter, The investment management firm added 6,851 additional shares and now holds a total of 25,275 shares of Computer Programs & Systems which is valued at $1.1 Million.Mondrian Investment Partners Ltd boosted its stake in CPSI in the latest quarter, The investment management firm added 34,324 additional shares and now holds a total of 34,745 shares of Computer Programs & Systems which is valued at $1.6 Million. Computer Programs & Systems makes up approx 0.04% of Mondrian Investment Partners Ltd’s portfolio.

Computer Programs & Systems opened for trading at $42.93 and hit $43.71 on the upside on Wednesday, eventually ending the session at $43.35, with a gain of 1.03% or 0.44 points. The heightened volatility saw the trading volume jump to 2,06,049 shares. Company has a market cap of $586 M.

On the company’s financial health, Computer Programs & Systems reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.76. The company had revenue of $69.60 million for the quarter, compared to analysts expectations of $75.06 million. The company’s revenue was up 50.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Computer Programs & Systems. Shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 47 from a previous price target of $55 .Company shares were Reiterated by Topeka Capital Markets on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $61 .Shares were Downgraded by Robert W. Baird on Apr 14, 2016 to ” Neutral” and Lowered the Price Target to $ 59 from a previous price target of $65 .

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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