Computer Programs & Systems Inc (CPSI) Files Form 4 Insider Selling : Robert D Hinckle Sells 1,857 Shares

Computer Programs & Systems Inc (CPSI): Robert D Hinckle , Senior VP – Client Services of Computer Programs & Systems Inc sold 1,857 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $43.42 per share for a total value of $80,630.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, John B Jr Douglas (CEO) purchased 3,500 shares at $41.98 per share price.On Mar 10, 2016, Victor S Schneider (Executive Vice President) sold 6,000 shares at $53.28 per share price.Also, On Feb 9, 2016, Christopher Scott Bauleke (CEO of Healthland Holding Inc.) sold 12,000 shares at $57.07 per share price.On Dec 21, 2015, Patrick A Immel (SVP of Prof. Svs. of TruBridge) sold 4,500 shares at $48.43 per share price.

Computer Programs & Systems: On Wednesday, May 25, 2016 heightened volatility was witnessed in Computer Programs & Systems which led to swings in the share price. The shares opened for trading at $42.93 and hit $43.71 on the upside , 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. The 52-week high of the share price is $59.16 and the company has a market cap of $586 M . The 52-week low of the share price is at $36.04.

Computer Programs & Systems Money Flow Index Chart

Company has been under the radar of several Street Analysts.Computer Programs & Systems is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 47 from a previous price target of $55 . The Rating was issued on May 11, 2016.Computer Programs & Systems is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $61 .The Rating was issued on May 5, 2016.Computer Programs & Systems is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 59 from a previous price target of $65 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 14, 2016.

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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