Hedge Funds Are Crazy About Computer Programs & Systems, Inc. (CPSI)

Page 1 of 2

Computer Programs & Systems, Inc. (NASDAQ:CPSI) has seen an increase in activity from the world’s largest hedge funds lately.

According to most traders, hedge funds are assumed to be underperforming, old investment tools of the past. While there are more than 8000 funds with their doors open at present, we hone in on the masters of this group, around 450 funds. It is estimated that this group has its hands on the majority of the hedge fund industry’s total asset base, and by keeping an eye on their best investments, we have unearthed a number of investment strategies that have historically outstripped the S&P 500 index. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Computer Programs & Systems, Inc. (NASDAQ:CPSI)

Equally as beneficial, positive insider trading activity is a second way to parse down the world of equities. There are a number of motivations for an upper level exec to get rid of shares of his or her company, but only one, very clear reason why they would initiate a purchase. Plenty of academic studies have demonstrated the useful potential of this tactic if you know what to do (learn more here).

Keeping this in mind, let’s take a glance at the latest action regarding Computer Programs & Systems, Inc. (NASDAQ:CPSI).

What does the smart money think about Computer Programs & Systems, Inc. (NASDAQ:CPSI)?

At Q1′s end, a total of 9 of the hedge funds we track were long in this stock, a change of 13% from one quarter earlier. With hedgies’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes considerably.

According to our comprehensive database, Visium Asset Management, managed by Jacob Gottlieb, holds the largest position in Computer Programs & Systems, Inc. (NASDAQ:CPSI). Visium Asset Management has a $4.4 million position in the stock, comprising 0.1% of its 13F portfolio. On Visium Asset Management’s heels is Jim Simons of Renaissance Technologies, with a $3.2 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include Joel Greenblatt’s Gotham Asset Management, D. E. Shaw’s D E Shaw and Cliff Asness’s AQR Capital Management.

As industrywide interest jumped, key money managers were breaking ground themselves. D E Shaw, managed by D. E. Shaw, established the largest position in Computer Programs & Systems, Inc. (NASDAQ:CPSI). D E Shaw had 1.9 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $1.2 million position during the quarter. The following funds were also among the new CPSI investors: Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Chuck Royce’s Royce & Associates.

What have insiders been doing with Computer Programs & Systems, Inc. (NASDAQ:CPSI)?

Insider purchases made by high-level executives is most useful when the company in question has experienced transactions within the past 180 days. Over the latest 180-day time frame, Computer Programs & Systems, Inc. (NASDAQ:CPSI) has seen 3 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Computer Programs & Systems, Inc. (NASDAQ:CPSI). These stocks are Medidata Solutions Inc (NASDAQ:MDSO), Merge Healthcare Inc. (NASDAQ:MRGE), WebMD Health Corp. (NASDAQ:WBMD), MedAssets, Inc. (NASDAQ:MDAS), and Quality Systems, Inc. (NASDAQ:QSII). This group of stocks belong to the healthcare information services industry and their market caps are closest to CPSI’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!