What’s in Computer Programs & Systems (NASDAQ:CPSI) After Decline in Shorted Shares?

January 15, 2018 - By Linda Rogers

 What’s in Computer Programs & Systems (NASDAQ:CPSI) After Decline in Shorted Shares?

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.50, from 1.46 in 2017Q2. It is negative, as 19 investors sold Computer Programs and Systems, Inc. shares while 34 reduced holdings. 14 funds opened positions while 37 raised stakes. 12.15 million shares or 11.10% less from 13.67 million shares in 2017Q2 were reported.
96,450 are held by Polaris Mngmt Ltd Liability. Guggenheim Cap Limited Liability Company has invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Ledyard Comml Bank accumulated 2,538 shares. Strs Ohio accumulated 15,010 shares. Aperio Gp owns 0% invested in Computer Programs and Systems, Inc. (NASDAQ:CPSI) for 16,864 shares. Moreover, Prelude Mngmt Ltd Liability Co has 0.01% invested in Computer Programs and Systems, Inc. (NASDAQ:CPSI). River Road Asset Ltd Limited Liability Company reported 774,755 shares stake. Mason Street Advsr Lc has 2,822 shares. Martingale Asset Mngmt Limited Partnership reported 47,906 shares. State Of Tennessee Treasury Department holds 9,188 shares. State Common Retirement Fund holds 0% or 11,600 shares. 19,188 were accumulated by Deutsche Bancorp Ag. California State Teachers Retirement Systems holds 0% or 18,115 shares. The New York-based Tower Research Limited Co (Trc) has invested 0.01% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). 27,217 are owned by Pinebridge Investments Limited Partnership.

Since August 25, 2017, it had 0 insider purchases, and 2 insider sales for $177,120 activity.

The stock of Computer Programs & Systems (NASDAQ:CPSI) registered a decrease of 9.84% in short interest. CPSI’s total short interest was 2.16M shares in January as published by FINRA. Its down 9.84% from 2.39 million shares, reported previously. With 76,300 shares average volume, it will take short sellers 28 days to cover their CPSI’s short positions. The short interest to Computer Programs & Systems’s float is 22.51%.

The stock increased 1.00% or $0.3 during the last trading session, reaching $30.25. About 39,578 shares traded. Computer Programs and Systems, Inc. (NASDAQ:CPSI) has declined 20.44% since January 15, 2017 and is downtrending. It has underperformed by 37.14% the S&P500.

Computer Programs and Systems, Inc. provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. The company has market cap of $406.80 million. Maarten. It has a 68.91 P/E ratio. The Company’s 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 helps 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.

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Ratings Coverage

Among 14 analysts covering Computer Progams & Systems (NASDAQ:CPSI), 3 have Buy rating, 2 Sell and 9 Hold. Therefore 21% are positive. Computer Progams & Systems had 35 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating by Topeka Capital Markets given on Friday, July 31. The rating was maintained by FBR Capital on Friday, August 5 with “Mkt Perform”. The firm has “Underweight” rating by KeyBanc Capital Markets given on Tuesday, August 16. Robert W. Baird maintained it with “Hold” rating and $30.0 target in Thursday, August 31 report. KeyBanc Capital Markets maintained Computer Programs and Systems, Inc. (NASDAQ:CPSI) rating on Thursday, February 4. KeyBanc Capital Markets has “Underweight” rating and $48 target. SunTrust maintained Computer Programs and Systems, Inc. (NASDAQ:CPSI) rating on Friday, November 3. SunTrust has “Hold” rating and $32.0 target. The company was initiated on Thursday, January 19 by Dougherty & Company. RBC Capital Markets maintained Computer Programs and Systems, Inc. (NASDAQ:CPSI) rating on Monday, November 2. RBC Capital Markets has “Sector Perform” rating and $43 target. RBC Capital Markets maintained it with “Sector Perform” rating and $55 target in Friday, January 29 report. The company was upgraded on Wednesday, November 25 by Robert W. Baird.

More news for Computer Programs and Systems, Inc. (NASDAQ:CPSI) were recently published by: Seekingalpha.com, which released: “Computer Programs & Systems (CPSI) Q3 2017 Results – Earnings Call Transcript” on November 03, 2017. Seekingalpha.com‘s article titled: “Computer Programs & Systems (CPSI) Q1 2017 Results – Earnings Call Transcript” and published on May 05, 2017 is yet another important article.

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