Stadium Capital Management Is Convinced About Computer Programs & Systems Inc (CPSI)

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Hedge funds rarely cross the 10% ownership threshold in publicly traded companies because they technically become an insider and will be subject to more regulations. So, they only do this when they are extremely convinced about the prospects of a stock. Well, Stadium Capital Management, already the biggest hedge fund holder of Computer Programs & Systems Inc (NASDAQ:CPSI), disclosed a 10.2% stake in the company. Stadium Capital owned 870K shares, worth $23 million, of CPSI at the end of September.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Stadium Capital Management GP 0 1,379,151 0 1,379,151 1,379,151 10.2%
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Alexander Medina Seaver
Alexander Medina Seaver
Stadium Capital Management

Page 1 of 11 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Computer Programs & Systems, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

205306103

(CUSIP Number)

December 22, 2016

(Date of Event Which Requires Filing of this
Statement)

Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:

[XX] Rule 13d-1(b)

[XX] Rule 13d-1(c)

[ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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