The SVP – Software Services of CPSI (NASDAQ: CPSI) is Buying Shares

By Carrie Williams

Today, the SVP – Software Services of CPSI (NASDAQ: CPSI), Robert Hinckle, bought shares of CPSI for $100.4K.

Following this transaction Robert Hinckle’s holding in the company was increased by 30.77% to a total of $284.9K. This is Hinckle’s first Buy trade following 3 Sell transactions.

Based on CPSI’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $64.66 million and quarterly net profit of $1.58 million. In comparison, last year the company earned revenue of $44.62 million and had a net profit of $3.47 million. The company has a one year high of $59.16 and a one year low of $18.25. CPSI’s market cap is $339.7M and the company has a P/E ratio of 57.05.

Five different firms, including B. Riley and Oppenheimer, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $23.00, reflecting a 8.0% upside.

The insider sentiment on CPSI has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Robert Hinckle’s trades have generated a 8.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

Computer Programs & Systems, Inc. operates as a healthcare information technology company. It designs, develops, markets, installs and supports computerized information technology systems. The Company provides integrated basis, 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. Its wholly owned subsidiary, TruBridge LLC, focuses exclusively on providing business office, consulting and managed IT services to rural and community healthcare organizations, regardless of their IT vendor. Computer Programs & Systems was founded by Michael Kenny Muscat Sr. in 1979 and is headquartered in Mobile, AL.