BlackRock Updates Stake in Computer Programs & Systems Inc.
Ticker: TBRG · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1169445
| Field | Detail |
|---|---|
| Company | Computer Programs & Systems Inc (TBRG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its ownership in COMPUTER PROGRAMS AND SYSTEMS INC, signaling continued institutional interest.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Common Stock in COMPUTER PROGRAMS AND SYSTEMS INC as of December 31, 2023. This filing, Amendment No. 3, updates their previous disclosures regarding their stake in the company. For investors, this matters because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit potentially adjusted, significant ownership in COMPUTER PROGRAMS AND SYSTEMS INC, which can be seen as a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present a significant risk to investors.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but without specific share count changes, this filing primarily confirms ongoing institutional interest rather than signaling a new buying or selling trend.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- COMPUTER PROGRAMS AND SYSTEMS INC (company) — the subject company in which BlackRock holds shares
- January 26, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No. 3 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company of this filing?
The subject company is COMPUTER PROGRAMS AND SYSTEMS INC, as indicated by 'Name of Issuer) COMPUTER PROGRAMS AND SYSTEMS INC' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP Number for the class of securities reported?
The CUSIP Number for the Common Stock of COMPUTER PROGRAMS AND SYSTEMS INC is 205306103, as listed under 'CUSIP No. 205306103' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding COMPUTER PROGRAMS & SYSTEMS INC (TBRG).