Computer Programs and Systems, Inc. (NASDAQ: CPSI) – Cpsi Senior Vice President of Client Services Completes Sale of $ 210.72,000

Computer Programs and Systems, Inc. (NASDAQ: CPSI) – Cpsi Senior Vice President of Client Services Completes Sale of $ 210.72,000

Robert hinckle, Senior Vice President of Client Services at Cpsi (NASDAQ: CPSI), made a large insider sale on September 8, according to a new SEC filing.

What happened: On Wednesday, a Form 4 filed by the United States Securities and Exchange Commission showed that Hinckle had sold 6,000 shares of Cpsi priced at $ 35.12 per share. The total transaction was $ 210,720.

Following the transaction, Hinckle still owns 41,000 shares of the company, valued at $ 1,494,040.

Cpsi the shares are trading up 1.36% to $ 36.44 as of this writing on Friday morning.

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The importance of insider trading

Insider trading should not be used primarily in making an investment decision, but an insider trading can be a big factor in the decision to invest.

In legal terms, an “insider” refers to any shareholder who owns at least 10% of a company. This can include senior executives and large hedge funds. These insiders are required to notify the public of their transactions via a Form 4, which must be filed within two business days of the transaction.

When a company insider makes a new purchase, it indicates that they expect the stock to rise.

Insider selling, on the other hand, can be done for a variety of reasons and doesn’t necessarily mean the seller thinks the stock is going to go down.

Important transaction codes

Investors prefer to focus on transactions that take place in the open market, shown in Table I of Form 4 filing. A P in box 3 indicates a purchase, while S indicates a sale. Transaction code VS indicates the conversion of an option, and the transaction code A indicates that the insider may have been forced to sell shares in order to receive compensation that was promised to him when he was hired by the company.

Check out Cpsi’s full list of insider trading.


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