BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a strong sell rating to a sell rating in a research report report published on Saturday.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Computer Programs & Systems from a sell rating to a hold rating in a research report on Tuesday, February 6th. KeyCorp reaffirmed a sell rating and issued a $23.00 price target on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed a hold rating and issued a $32.00 price target on shares of Computer Programs & Systems in a research report on Thursday, February 8th. Finally, Citigroup assumed coverage on shares of Computer Programs & Systems in a research report on Thursday, January 4th. They issued a neutral rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $31.33.
Shares of Computer Programs & Systems (CPSI) opened at $30.35 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.38. The company has a market capitalization of $414.06, a PE ratio of -23.90, a PEG ratio of 1.89 and a beta of 0.09. Computer Programs & Systems has a 12 month low of $25.40 and a 12 month high of $36.15.
Computer Programs & Systems (NASDAQ:CPSI) last issued its earnings results on Thursday, February 8th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $69.24 million. Computer Programs & Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. During the same period last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. analysts anticipate that Computer Programs & Systems will post 1.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.40 annualized dividend and a yield of 1.32%. Computer Programs & Systems’s payout ratio is -31.50%.
In other news, Director Glenn Tobin bought 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of $29.38 per share, with a total value of $102,830.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Christopher L. Fowler sold 4,000 shares of Computer Programs & Systems stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of CPSI. BNP Paribas Arbitrage SA lifted its position in shares of Computer Programs & Systems by 57.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,001 shares of the company’s stock worth $177,000 after buying an additional 2,183 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in shares of Computer Programs & Systems during the 2nd quarter worth approximately $211,000. Voya Investment Management LLC bought a new position in shares of Computer Programs & Systems during the 2nd quarter worth approximately $211,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Computer Programs & Systems during the 2nd quarter worth approximately $226,000. Finally, Macquarie Group Ltd. bought a new position in shares of Computer Programs & Systems during the 3rd quarter worth approximately $227,000. 96.21% of the stock is currently owned by hedge funds and other institutional investors.
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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).
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