Computer Programs & Systems (NASDAQ:CPSI) Lifted to Buy at ValuEngine

Computer Programs & Systems (NASDAQ:CPSI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, ValuEngine reports.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald set a $26.00 price objective on shares of Computer Programs & Systems and gave the company a “hold” rating in a research note on Wednesday, August 7th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $25.00 price objective (down previously from $36.00) on shares of Computer Programs & Systems in a research note on Wednesday. Dougherty & Co upgraded shares of Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, September 10th. BidaskClub lowered shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Deutsche Bank started coverage on shares of Computer Programs & Systems in a research note on Thursday, September 26th. They issued a “hold” rating and a $24.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.58.

Shares of CPSI traded up $0.11 during mid-day trading on Wednesday, reaching $26.78. The company had a trading volume of 143,100 shares, compared to its average volume of 126,195. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.55 and a current ratio of 1.60. Computer Programs & Systems has a 1-year low of $20.72 and a 1-year high of $34.00. The company’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $25.02. The company has a market capitalization of $333.18 million, a price-to-earnings ratio of 13.80, a P/E/G ratio of 4.32 and a beta of 0.51.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. Computer Programs & Systems had a net margin of 6.09% and a return on equity of 11.00%. The firm had revenue of $68.70 million during the quarter, compared to analyst estimates of $69.18 million. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that Computer Programs & Systems will post 0.98 earnings per share for the current fiscal year.

In other Computer Programs & Systems news, SVP Troy D. Rosser sold 5,620 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $21.21, for a total transaction of $119,200.20. Following the completion of the sale, the senior vice president now owns 41,509 shares in the company, valued at approximately $880,405.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Arizona State Retirement System increased its stake in Computer Programs & Systems by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 18,928 shares of the company’s stock valued at $526,000 after purchasing an additional 462 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in Computer Programs & Systems by 7.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 11,987 shares of the company’s stock worth $333,000 after acquiring an additional 784 shares during the last quarter. Hancock Whitney Corp boosted its holdings in Computer Programs & Systems by 3.1% during the 2nd quarter. Hancock Whitney Corp now owns 28,112 shares of the company’s stock worth $781,000 after acquiring an additional 833 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Computer Programs & Systems by 12.4% during the 2nd quarter. GSA Capital Partners LLP now owns 9,564 shares of the company’s stock worth $266,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Computer Programs & Systems by 7.4% during the 2nd quarter. Swiss National Bank now owns 24,800 shares of the company’s stock worth $689,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 79.13% of the company’s stock.

About Computer Programs & Systems

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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

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