Computer Programs & Systems Inc. Reaches New 12-Month High at $58.63 (CPSI)
Computer Programs & Systems (NASDAQ:CPSI)’s share price reached a new 52-week high on Wednesday, Stock Ratings Network.com reports. The company traded as high as $58.63 and last traded at $58.16, with a volume of 61,376 shares traded. The stock had previously closed at $58.30.
Several analysts have recently commented on the stock. Analysts at Avondale Partners downgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $55.00 price target on the stock, down previously from $58.00. Separately, analysts at TheStreet downgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 29th. Finally, analysts at Raymond James upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday, July 29th. They now have a $65.00 price target on the stock.
Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Computer Programs & Systems has an average rating of “Buy” and an average price target of $59.75.
Computer Programs & Systems has a 1-year low of $46.08 and a 1-year high of $58.63. The stock’s 50-day moving average is $55.95 and its 200-day moving average is $52.80. The company has a market cap of $641.5 million and a P/E ratio of 20.53.
Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.02. The company had revenue of $53.30 million for the quarter, compared to the consensus estimate of $51.10 million. During the same quarter last year, the company posted $0.75 earnings per share. Computer Programs & Systems’s revenue was up 16.6% compared to the same quarter last year. On average, analysts predict that Computer Programs & Systems will post $2.84 earnings per share for the current fiscal year.
Computer Programs and Systems, Inc (NASDAQ:CPSI) is a healthcare information technology company that designs, develops, markets, installs and supports computerized information technology systems.
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