Computer Programs & Systems (CPSI) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, December 21st.

A number of other brokerages have also recently commented on CPSI. Zacks Investment Research raised shares of Computer Programs & Systems from a sell rating to a hold rating in a research note on Friday, November 10th. KeyCorp reaffirmed a sell rating and set a $21.00 price target on shares of Computer Programs & Systems in a research note on Friday, September 22nd. Robert W. Baird reaffirmed a hold rating and set a $30.00 price target on shares of Computer Programs & Systems in a research note on Thursday, August 31st. Cantor Fitzgerald reaffirmed a hold rating and set a $28.00 price target on shares of Computer Programs & Systems in a research note on Tuesday, September 26th. Finally, SunTrust Banks reiterated a hold rating and set a $32.00 price objective (down previously from $35.00) on shares of Computer Programs & Systems in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Computer Programs & Systems has an average rating of Hold and a consensus target price of $30.50.

Computer Programs & Systems (NASDAQ:CPSI) opened at $30.25 on Thursday. The firm has a market cap of $412.00, a price-to-earnings ratio of 67.22, a P/E/G ratio of 1.91 and a beta of 0.13. Computer Programs & Systems has a 52 week low of $21.60 and a 52 week high of $36.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.24.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Computer Programs & Systems had a net margin of 2.32% and a return on equity of 10.01%. The company had revenue of $67.11 million for the quarter, compared to analysts’ expectations of $68.68 million. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. equities analysts predict that Computer Programs & Systems will post 1.27 EPS for the current fiscal year.

In other news, Director Glenn Tobin acquired 3,500 shares of Computer Programs & Systems stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $29.38 per share, for a total transaction of $102,830.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Victor S. Schneider sold 1,695 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $29.45, for a total transaction of $49,917.75. Following the transaction, the executive vice president now owns 41,657 shares of the company’s stock, valued at approximately $1,226,798.65. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Computer Programs & Systems by 77.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock worth $125,000 after acquiring an additional 1,667 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $211,000. Voya Investment Management LLC purchased a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $211,000. Dynamic Technology Lab Private Ltd purchased a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $226,000. Finally, Macquarie Group Ltd. purchased a new stake in Computer Programs & Systems during the 3rd quarter worth approximately $227,000. Hedge funds and other institutional investors own 95.25% of the company’s stock.

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About Computer Programs & Systems

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

Analyst Recommendations for Computer Programs & Systems (NASDAQ:CPSI)

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