Laboratory Of America Holdings (LH) Shareholder Baker Ellis Asset Management Has Upped Its Stake by $1.28 Million; Francisco Partners Management LP Has Lowered Holding in Computer Programs & Systems (CPSI) as Share Price Declined

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

Francisco Partners Management Lp decreased its stake in Computer Programs & Systems Inc (CPSI) by 50% based on its latest 2018Q3 regulatory filing with the SEC. Francisco Partners Management Lp sold 732,803 shares as the company’s stock declined 0.19% with the market. The institutional investor held 732,802 shares of the technology company at the end of 2018Q3, valued at $19.68 million, down from 1.47M at the end of the previous reported quarter. Francisco Partners Management Lp who had been investing in Computer Programs & Systems Inc for a number of months, seems to be less bullish one the $367.04 million market cap company. The stock decreased 0.66% or $0.18 during the last trading session, reaching $26.98. About 62,673 shares traded. Computer Programs and Systems, Inc. (NASDAQ:CPSI) has declined 10.83% since January 12, 2018 and is downtrending. It has underperformed by 10.83% the S&P500. Some Historical CPSI News: 23/04/2018 – DJ Computer Programs and Systems Inc, Inst Holders, 1Q 2018 (CPSI); 03/05/2018 – Computer Programs & Sys 1Q EPS 29c; 03/05/2018 – COMPUTER PROGRAMS 1Q ADJ EPS 59C; 22/03/2018 – Computer Programs Closes Below 50-Day Moving Average; 03/05/2018 – COMPUTER PROGRAMS 1Q EPS 29C; 30/05/2018 – Consolidated Research: 2018 Summary Expectations for Crown Castle International, Avnet, Computer Programs and, Model N, Century; 07/03/2018 – Norges Bank Exits Position in Computer Programs; 03/05/2018 – Computer Programs & Sys 1Q Rev $70.9M; 24/05/2018 – CPSI and Alliance Health Partners Announce Partnership; 12/03/2018 – Computer Programs Closes Above 200-Day Average: Technicals

Baker Ellis Asset Management Llc increased its stake in Laboratory Corp Of America Holdings (LH) by 80.74% based on its latest 2018Q3 regulatory filing with the SEC. Baker Ellis Asset Management Llc bought 7,400 shares as the company’s stock declined 17.37% with the market. The institutional investor held 16,565 shares of the medical specialities company at the end of 2018Q3, valued at $2.88 million, up from 9,165 at the end of the previous reported quarter. Baker Ellis Asset Management Llc who had been investing in Laboratory Corp Of America Holdings for a number of months, seems to be bullish on the $13.31 billion market cap company. The stock increased 0.78% or $1.02 during the last trading session, reaching $131.92. About 682,466 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has declined 10.12% since January 12, 2018 and is downtrending. It has underperformed by 10.12% the S&P500. Some Historical LH News: 20/03/2018 – Interpace Diagnostics Announces Expansion of LabCorp National Agreement; 25/04/2018 – LABCORP SEES FY ADJ EPS $11.30 TO $11.70, EST. $11.54; 20/03/2018 – INTERPACE DIAGNOSTICS REPORTS EXPANSION OF LABCORP NATIONAL PAC; 25/04/2018 – LABCORP 1Q ADJ EPS $2.78, EST. $2.63; 25/04/2018 – LABCORP SEES 2018 REVENUE GROWTH OF 10.0% TO 12.0% OVER 2017 REVENUE OF $10.31 BLN; 24/04/2018 – LabCorp and Mount Sinai Health System Enhance Laboratory Operations to Improve Patient Care; 01/05/2018 – Moody’s: Labcorp’s Divestiture Of Food Solutions Business Is Credit Positive; 25/04/2018 – LABCORP 1Q ADJ. OPER MARGIN +15.3%; 30/04/2018 – LabCorp Enters Into Definitive Agreement to Sell Covance Food Solutions to Eurofins for $670 Million; 25/04/2018 – Laboratory Corporation Bd Authorized an Increase in Total Shr Repurchase Program to Total of $1.0 B

Baker Ellis Asset Management Llc, which manages about $466.90 million and $388.39 million US Long portfolio, decreased its stake in Merck & Co Inc (NYSE:MRK) by 5,638 shares to 22,637 shares, valued at $1.61 million in 2018Q3, according to the filing. It also reduced its holding in Novartis Ag Adr (NYSE:NVS) by 10,445 shares in the quarter, leaving it with 27,321 shares, and cut its stake in Vanguard Information Technology Etf (VGT).

More notable recent Laboratory Corporation of America Holdings (NYSE:LH) news were published by: Businesswire.com which released: “LabCorp is Scheduled to Present at the 37th Annual J.P. Morgan Healthcare Conference – Business Wire” on January 02, 2019, also Streetinsider.com with their article: “BofA/Merrill Lynch Downgrades Laboratory Corporation of America (LH) to Underperform – StreetInsider.com” published on January 03, 2019, Bizjournals.com published: “U.S. companies, including some in the Triad, are rolling in cash, and they’re growing increasingly fearful to spend it – Triad Business Journal” on December 14, 2018. More interesting news about Laboratory Corporation of America Holdings (NYSE:LH) were released by: Bizjournals.com and their article: “Gary Huff out as CEO of LabCorp Diagnostics – Triad Business Journal” published on December 26, 2018 as well as Businesswire.com‘s news article titled: “GENFIT and LabCorp Sign a Licensing Agreement to Expand Access to an Innovative Diagnostic Assay for Non-Alcoholic Steatohepatitis (NASH) – Business Wire” with publication date: January 03, 2019.

Since November 5, 2018, it had 0 buys, and 2 insider sales for $660,911 activity. ANDERSON KERRII B also sold $604,162 worth of Laboratory Corporation of America Holdings (NYSE:LH) shares.

Investors sentiment decreased to 0.97 in Q3 2018. Its down 0.01, from 0.98 in 2018Q2. It dropped, as 41 investors sold LH shares while 246 reduced holdings. 82 funds opened positions while 197 raised stakes. 89.08 million shares or 11.04% less from 100.13 million shares in 2018Q2 were reported. Tekla Cap Mgmt Lc invested in 0.08% or 12,200 shares. Midas holds 15,300 shares or 1.19% of its portfolio. Huntington Financial Bank accumulated 0% or 599 shares. Verition Fund Limited Liability Co holds 0.24% in Laboratory Corporation of America Holdings (NYSE:LH) or 38,273 shares. Dubuque Savings Bank And has invested 0.01% in Laboratory Corporation of America Holdings (NYSE:LH). Folger Nolan Fleming Douglas Capital Mngmt invested in 4,557 shares. Indexiq Advisors Limited Co invested 0.16% in Laboratory Corporation of America Holdings (NYSE:LH). Amalgamated Savings Bank holds 0.06% or 12,980 shares in its portfolio. Check Capital Incorporated Ca has 2,455 shares for 0.02% of their portfolio. Bank & Trust Of Ny Mellon reported 840,426 shares. Rocky Mountain Advisers Ltd Liability Corp, Colorado-based fund reported 17 shares. Public Employees Retirement Sys Of Ohio holds 0.09% or 104,157 shares in its portfolio. Clear Harbor Asset Mgmt Limited Liability Co holds 0.05% or 1,455 shares in its portfolio. Gateway Inv Advisers invested in 4,740 shares or 0.01% of the stock. 702 are held by Hudock Gp Inc Lc.

Among 21 analysts covering Laboratory Corp (NYSE:LH), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Laboratory Corp had 82 analyst reports since July 29, 2015 according to SRatingsIntel. Canaccord Genuity maintained Laboratory Corporation of America Holdings (NYSE:LH) on Tuesday, June 27 with “Buy” rating. The company was maintained on Monday, December 3 by Canaccord Genuity. The rating was initiated by Citigroup with “Neutral” on Friday, September 9. The rating was downgraded by Goldman Sachs on Tuesday, December 8 to “Neutral”. The firm has “Buy” rating by Canaccord Genuity given on Monday, September 11. The firm has “Buy” rating given on Tuesday, October 17 by Canaccord Genuity. The firm has “Hold” rating by Credit Suisse given on Wednesday, July 12. Citigroup maintained Laboratory Corporation of America Holdings (NYSE:LH) on Thursday, October 25 with “Neutral” rating. Morgan Stanley maintained the shares of LH in report on Wednesday, February 28 with “Overweight” rating. As per Wednesday, January 3, the company rating was maintained by Canaccord Genuity.

Among 15 analysts covering Computer Progams & Systems (NASDAQ:CPSI), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Computer Progams & Systems had 41 analyst reports since July 31, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained Computer Programs and Systems, Inc. (NASDAQ:CPSI) on Thursday, February 8 with “Hold” rating. The stock of Computer Programs and Systems, Inc. (NASDAQ:CPSI) earned “Hold” rating by Deutsche Bank on Tuesday, December 1. KeyBanc Capital Markets maintained Computer Programs and Systems, Inc. (NASDAQ:CPSI) on Friday, August 3 with “Underweight” rating. Deutsche Bank downgraded the stock to “Sell” rating in Friday, August 5 report. The company was maintained on Tuesday, August 7 by Robert W. Baird. On Monday, December 14 the stock rating was upgraded by Suntrust Robinson to “Buy”. The firm has “Hold” rating given on Friday, November 3 by SunTrust. Dougherty & Company maintained the shares of CPSI in report on Monday, February 27 with “Buy” rating. The rating was maintained by Oppenheimer with “Hold” on Friday, August 4. Topeka Capital Markets maintained it with “Hold” rating and $43 target in Friday, October 30 report.

Since November 15, 2018, it had 0 buys, and 1 sale for $1.09 million activity.

More notable recent Computer Programs and Systems, Inc. (NASDAQ:CPSI) news were published by: Investorplace.com which released: “5 Stocks With Growth and Momentum to Tap Small-Cap Boom – Investorplace.com” on June 15, 2018, also Businesswire.com with their article: “Two Community Hospitals Return to CPSI Family of Companies for EHR Solution – Business Wire” published on October 19, 2017, Nasdaq.com published: “Russell 2000 Hits Record High: 5 Top-Ranked Small-Cap Picks – Nasdaq” on June 21, 2018. More interesting news about Computer Programs and Systems, Inc. (NASDAQ:CPSI) were released by: Businesswire.com and their article: “TruBridge Introduces Denial Management Program – Business Wire” published on June 21, 2018 as well as Businesswire.com‘s news article titled: “American HealthTech and COMS Interactive Release New Interoperable Solution – Business Wire” with publication date: February 06, 2018.

Investors sentiment decreased to 1.24 in 2018 Q3. Its down 0.76, from 2 in 2018Q2. It dived, as 16 investors sold CPSI shares while 33 reduced holdings. 19 funds opened positions while 42 raised stakes. 12.02 million shares or 3.90% less from 12.51 million shares in 2018Q2 were reported. Thrivent Fin For Lutherans has invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Texas Permanent School Fund stated it has 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). American International Group holds 9,102 shares. Federated Invsts Incorporated Pa invested in 0% or 150 shares. Next stated it has 0% of its portfolio in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Walleye Trading Limited Liability Corp has 0% invested in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Quantum Mngmt Lc Nj owns 510,647 shares. Mitchell Mcleod Pugh Williams Inc invested in 0.51% or 28,340 shares. The California-based California Pub Employees Retirement Systems has invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Moreover, Citadel Advisors Limited Liability has 0% invested in Computer Programs and Systems, Inc. (NASDAQ:CPSI) for 120,400 shares. Martingale Asset Mgmt LP owns 58,416 shares for 0.02% of their portfolio. Invesco stated it has 788,888 shares or 0.01% of all its holdings. New York State Teachers Retirement System has invested 0% in Computer Programs and Systems, Inc. (NASDAQ:CPSI). Loomis Sayles & Co LP accumulated 1,251 shares or 0% of the stock. Arizona State Retirement System holds 0% of its portfolio in Computer Programs and Systems, Inc. (NASDAQ:CPSI) for 17,369 shares.

Laboratory Corporation of America Holdings (NYSE:LH) Institutional Positions Chart