Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.70.
Several brokerages have weighed in on CPSI. Cantor Fitzgerald reissued a “hold” rating and set a $24.00 price objective on shares of Computer Programs and Systems in a research note on Monday, May 15th. Dougherty & Co boosted their price objective on Computer Programs and Systems from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research cut Computer Programs and Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Robert W. Baird reissued a “neutral” rating and set a $30.00 price objective (up from $27.00) on shares of Computer Programs and Systems in a research note on Friday, June 16th. Finally, ValuEngine raised Computer Programs and Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.
In related news, COO Christopher L. Fowler sold 1,663 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $35.00, for a total value of $58,205.00. Following the completion of the sale, the chief operating officer now owns 32,982 shares in the company, valued at $1,154,370. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James B. Britain sold 5,035 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $32.66, for a total value of $164,443.10. Following the completion of the sale, the vice president now owns 12,561 shares of the company’s stock, valued at approximately $410,242.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,235 shares of company stock worth $440,985. Insiders own 3.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in CPSI. Norges Bank purchased a new stake in shares of Computer Programs and Systems during the fourth quarter worth about $7,103,000. Millrace Asset Group Inc. purchased a new stake in shares of Computer Programs and Systems during the first quarter worth about $2,016,000. State Street Corp raised its stake in shares of Computer Programs and Systems by 3.9% in the fourth quarter. State Street Corp now owns 268,938 shares of the company’s stock worth $6,349,000 after buying an additional 10,076 shares during the last quarter. VNBTrust National Association purchased a new stake in shares of Computer Programs and Systems during the first quarter worth about $4,198,000. Finally, Quantum Capital Management LLC NJ raised its stake in shares of Computer Programs and Systems by 1.6% in the first quarter. Quantum Capital Management LLC NJ now owns 924,384 shares of the company’s stock worth $25,883,000 after buying an additional 14,917 shares during the last quarter.
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Shares of Computer Programs and Systems (CPSI) traded up 0.16% during trading on Tuesday, hitting $31.35. The stock had a trading volume of 61,453 shares. The company has a market cap of $420.47 million, a PE ratio of 72.40 and a beta of 0.24. The stock has a 50 day moving average of $32.86 and a 200 day moving average of $28.49. Computer Programs and Systems has a 12 month low of $18.25 and a 12 month high of $42.01.
Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Computer Programs and Systems had a return on equity of 10.09% and a net margin of 2.23%. The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $66.10 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was down 7.9% compared to the same quarter last year. Equities analysts forecast that Computer Programs and Systems will post $1.69 EPS for the current fiscal year.
About Computer Programs and 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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