River Road Asset Management Amends CPSI Stake on Dec 31, 2023
Ticker: TBRG · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1169445
| Field | Detail |
|---|---|
| Company | Computer Programs & Systems Inc (TBRG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**River Road Asset Management still holds CPSI shares, signaling continued institutional confidence.**
AI Summary
River Road Asset Management, LLC, an investment adviser, filed an amended Schedule 13G/A on January 30, 2024, indicating its ownership of Common Stock in Computer Programs and Systems, Inc. (CPSI) as of December 31, 2023. This filing is an amendment (No. 4) to their previous disclosures, showing their continued passive investment in the company. For investors, this means a significant institutional holder maintains its position, which can signal confidence in CPSI's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, River Road Asset Management, LLC, continues to hold a significant stake in Computer Programs and Systems, Inc., which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate new risks or significant changes in company control.
Analyst Insight
An investor should note that a significant institutional holder, River Road Asset Management, LLC, continues to maintain its position in Computer Programs and Systems, Inc. This suggests a stable institutional ownership base, but further analysis of the company's financials and market conditions is needed before making any investment decisions.
Key Players & Entities
- River Road Asset Management, LLC (company) — the entity filing the SC 13G/A, reporting its ownership in CPSI
- Computer Programs and Systems, Inc. (company) — the issuer whose Common Stock is being reported on
- 43-2076925 (number) — the IRS Identification No. for River Road Asset Management, LLC
- 205306103 (number) — the CUSIP Number for Computer Programs and Systems, Inc. Common Stock
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (Amendment No. 4) to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and '(AMENDMENT NO. 4)'.
Who is the reporting person in this filing?
The reporting person is River Road Asset Management, LLC, as stated under 'NAME OF REPORTING PERSON' on page 1 of 4.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Computer Programs and Systems, Inc., as specified under '(Name of Issuer)' on the cover page.
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 Number)' on the cover page.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as indicated on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding COMPUTER PROGRAMS & SYSTEMS INC (TBRG).