Quantum Capital Management Nj buys $23.6 Million stake in Computer Programs & Systems (CPSI)

Computer Programs & Systems (CPSI) : Quantum Capital Management Nj scooped up 46,017 additional shares in Computer Programs & Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 541,679 shares of Computer Programs & Systems which is valued at $23.6 Million.Computer Programs & Systems makes up approximately 6.93% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Victory Capital Management Inc added CPSI to its portfolio by purchasing 4,216 company shares during the most recent quarter which is valued at $183,480.Ls Investment Advisors boosted its stake in CPSI in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 395 shares of Computer Programs & Systems which is valued at $17,190. Global X Management Co added CPSI to its portfolio by purchasing 94,714 company shares during the most recent quarter which is valued at $4.2 Million. Computer Programs & Systems makes up approx 0.25% of Global X Management Co’s portfolio.Wedge Capital Management L L Pnc reduced its stake in CPSI by selling 1,006 shares or 14.37% in the most recent quarter. The Hedge Fund company now holds 5,994 shares of CPSI which is valued at $268,891.Public Employees Retirement Association Of Colorado boosted its stake in CPSI in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 2,837 shares of Computer Programs & Systems which is valued at $145,623.

Computer Programs & Systems closed down -0.8 points or -1.91% at $41.18 with 1,84,812 shares getting traded on Friday. Post opening the session at $41.88, the shares hit an intraday low of $41.06 and an intraday high of $41.88 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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