KeyCorp Reiterates “Sell” Rating for Computer Programs & Systems (CPSI)

Computer Programs & Systems (NASDAQ:CPSI)‘s stock had its “sell” rating restated by analysts at KeyCorp in a note issued to investors on Wednesday. They presently have a $23.00 price objective on the stock. KeyCorp’s price objective would suggest a potential downside of 23.08% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Citigroup assumed coverage on shares of Computer Programs & Systems in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Zacks Investment Research cut shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Robert W. Baird reissued a “hold” rating and issued a $30.00 price target on shares of Computer Programs & Systems in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.83.

Shares of Computer Programs & Systems (NASDAQ:CPSI) opened at $29.90 on Wednesday. Computer Programs & Systems has a 1 year low of $21.60 and a 1 year high of $36.15. The firm has a market cap of $412.00, a price-to-earnings ratio of 66.44, a P/E/G ratio of 1.92 and a beta of 0.13. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.87.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $68.68 million. During the same period last year, the firm earned $0.34 earnings per share. Computer Programs & Systems’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 year.

In other news, EVP Victor S. Schneider sold 1,695 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $29.45, for a total value of $49,917.75. Following the completion of the sale, the executive vice president now directly owns 41,657 shares of the company’s stock, valued at $1,226,798.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn Tobin bought 3,500 shares of Computer Programs & Systems stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $29.38 per share, with a total value of $102,830.00. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Wasatch Advisors Inc. raised its holdings in shares of Computer Programs & Systems by 35.0% in the fourth quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock valued at $6,010,000 after buying an additional 51,814 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Computer Programs & Systems by 300.6% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 107,119 shares of the company’s stock valued at $3,219,000 after buying an additional 80,382 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Computer Programs & Systems by 12.8% during the third quarter. GSA Capital Partners LLP now owns 22,900 shares of the company’s stock worth $677,000 after acquiring an additional 2,600 shares during the period. California Public Employees Retirement System increased its stake in shares of Computer Programs & Systems by 9.7% during the third quarter. California Public Employees Retirement System now owns 48,484 shares of the company’s stock worth $1,433,000 after acquiring an additional 4,284 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Computer Programs & Systems during the third quarter worth about $253,000. 96.11% of the stock is owned by institutional investors and hedge funds.

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Computer Programs & Systems Company Profile

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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