Computer Programs and Systems, Inc. (NASDAQ:CPSI) Given Average Rating of “Hold” by Analysts

Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $27.17.

A number of brokerages have recently commented on CPSI. Zacks Investment Research upgraded Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday. BidaskClub upgraded Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Cantor Fitzgerald restated a “hold” rating and issued a $24.00 target price on shares of Computer Programs and Systems in a research note on Monday, May 15th. Dougherty & Co upped their target price 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. Finally, Robert W. Baird restated a “neutral” rating and issued a $30.00 target price (up previously from $27.00) on shares of Computer Programs and Systems in a research note on Friday, June 16th.

Shares of Computer Programs and Systems (NASDAQ CPSI) opened at 30.20 on Tuesday. The company’s 50 day moving average price is $31.69 and its 200 day moving average price is $29.24. The stock has a market capitalization of $405.28 million, a PE ratio of 77.84 and a beta of 0.23. Computer Programs and Systems has a 52-week low of $18.25 and a 52-week high of $36.15.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The firm had revenue of $67.70 million for the quarter, compared to analysts’ expectations of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, equities research analysts anticipate that Computer Programs and Systems will post $1.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.97%. This is an increase from Computer Programs and Systems’s previous quarterly dividend of $0.20. Computer Programs and Systems’s dividend payout ratio is currently 200.00%.

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In other Computer Programs and Systems news, COO Christopher L. Fowler sold 1,663 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $35.00, for a total transaction of $58,205.00. Following the transaction, 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 is accessible through the SEC website. Also, VP James B. Britain sold 5,035 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $32.66, for a total value of $164,443.10. Following the transaction, the vice president now owns 12,561 shares in the company, valued at approximately $410,242.26. The disclosure for this sale can be found here. Insiders have sold 13,235 shares of company stock worth $440,985 in the last quarter. 3.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Computer Programs and Systems by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,145,617 shares of the company’s stock worth $32,077,000 after buying an additional 75,815 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of Computer Programs and Systems by 36.4% in the first quarter. River Road Asset Management LLC now owns 925,495 shares of the company’s stock worth $25,914,000 after buying an additional 246,844 shares during the last quarter. Quantum Capital Management LLC NJ boosted its position 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. VNBTrust National Association boosted its position in shares of Computer Programs and Systems by 111.7% in the second quarter. VNBTrust National Association now owns 317,394 shares of the company’s stock worth $10,411,000 after buying an additional 167,469 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Computer Programs and Systems during the fourth quarter worth approximately $7,103,000.

Computer Programs and 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 and Systems (NASDAQ:CPSI)

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