Computer Programs & Systems Inc. Hits New 52-Week High at $59.53 (CPSI)
Shares of Computer Programs & Systems (NASDAQ:CPSI) hit a new 52-week high during trading on Wednesday, American Banking and Market News reports. The stock traded as high as $59.53 and last traded at $59.30, with a volume of 15,372 shares trading hands. The stock had previously closed at $59.16.
CPSI has been the subject of a number of recent research reports. 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, September 11th. 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 given a buy rating and one has given a strong buy rating to the company. Computer Programs & Systems currently has a consensus rating of “Buy” and an average target price of $58.00.
In other Computer Programs & Systems news, EVP Victor Schneider sold 6,600 shares of Computer Programs & Systems stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $57.62, for a total transaction of $380,292.00. Following the transaction, the executive vice president now directly owns 26,488 shares in the company, valued at approximately $1,526,239. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Computer Programs & Systems has a 52-week low of $46.08 and a 52-week high of $59.53. The stock has a 50-day moving average of $57.12 and a 200-day moving average of $53.40. The company has a market cap of $656.7 million and a price-to-earnings ratio of 20.83.
Computer Programs & Systems (NASDAQ:CPSI) last announced its 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. Analysts expect that Computer Programs & Systems will post $2.84 EPS 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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