Brokerages Set Computer Programs & Systems, Inc. (NASDAQ:CPSI) Target Price at $25.68

Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) have been given an average rating of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.68.

Several equities research analysts recently commented on CPSI shares. Deutsche Bank started coverage on Computer Programs & Systems in a report on Thursday, September 26th. They issued a “hold” rating and a $24.00 price objective for the company. Zacks Investment Research upgraded Computer Programs & Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Dougherty & Co upgraded Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, September 10th. BidaskClub downgraded Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $25.00 price objective (down from $36.00) on shares of Computer Programs & Systems in a report on Wednesday, November 6th.

Shares of CPSI traded up $0.04 during trading hours on Friday, hitting $26.55. The company had a trading volume of 103,800 shares, compared to its average volume of 126,170. The firm has a fifty day moving average price of $23.42 and a 200-day moving average price of $24.85. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.49 and a current ratio of 1.53. The stock has a market capitalization of $375.26 million, a price-to-earnings ratio of 13.69, a P/E/G ratio of 4.72 and a beta of 0.51. Computer Programs & Systems has a 52-week low of $20.72 and a 52-week high of $34.00.

Computer Programs & Systems (NASDAQ:CPSI) last posted 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. The firm had revenue of $68.70 million during the quarter, compared to analyst estimates of $69.18 million. Computer Programs & Systems had a return on equity of 10.86% and a net margin of 6.09%. Computer Programs & Systems’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. Research analysts anticipate that Computer Programs & Systems will post 1.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.40 annualized dividend and a yield of 1.51%. Computer Programs & Systems’s payout ratio is 20.62%.

In related news, SVP Troy D. Rosser sold 5,620 shares of Computer Programs & Systems stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $21.21, for a total value of $119,200.20. Following the completion of the sale, the senior vice president now directly owns 41,509 shares in the company, valued at approximately $880,405.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPSI. River Road Asset Management LLC grew its stake in shares of Computer Programs & Systems by 4.8% during the 3rd quarter. River Road Asset Management LLC now owns 842,254 shares of the company’s stock valued at $19,043,000 after purchasing an additional 38,449 shares during the period. Mondrian Investment Partners LTD grew its stake in shares of Computer Programs & Systems by 17.4% during the 3rd quarter. Mondrian Investment Partners LTD now owns 122,818 shares of the company’s stock valued at $2,777,000 after purchasing an additional 18,209 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Computer Programs & Systems by 19.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 52,793 shares of the company’s stock valued at $1,191,000 after purchasing an additional 8,615 shares during the period. California Public Employees Retirement System grew its stake in shares of Computer Programs & Systems by 12.7% during the 3rd quarter. California Public Employees Retirement System now owns 39,945 shares of the company’s stock valued at $903,000 after purchasing an additional 4,490 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Computer Programs & Systems by 6.6% during the 3rd quarter. Rhumbline Advisers now owns 40,683 shares of the company’s stock valued at $920,000 after purchasing an additional 2,514 shares during the period. Institutional investors own 81.47% of the company’s stock.

Computer Programs & Systems Company Profile

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.

Further Reading: How to Invest in Growth Stocks

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

Receive News & Ratings for Computer Programs & Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs & Systems and related companies with MarketBeat.com's FREE daily email newsletter.