UPDATE: Disclosure Insight Upgrades Computer Programs & Systems to Medium Risk - Positive Bias
Disclosure Insight raises its rating on Computer Programs & Systems (NASDAQ: CPSI) to reflect SEC indications of no investigative activity and termination of related party transactions.
Disclosure Insight notes, "A response we received from the SEC to a Freedom of Information Act request indicated no investigative activity as of 5-Oct-11. A previous response we received from the SEC to a Freedom of Information Act request indicated the risk of undisclosed SEC investigative activity as of 19-Apr-11. CPSI leased its headquarters from CP Investments Inc. (CPI), an entity in which CPSI executive officer Michael Muscat and his family had an ownership interest."
CPSI closed at $48.44 per share on Wednesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.