Computer Programs & Systems Inc. Sets New 1-Year High at $69.50 (CPSI)
Computer Programs & Systems (NASDAQ:CPSI)’s share price reached a new 52-week high during trading hours on Friday, Stock Ratings Network.com reports. The company traded as high as $69.50 and last traded at $66.48, with a volume of 681,745 shares traded. The stock had previously closed at $56.84.
Several analysts have recently commented on the stock. Analysts at B. Riley upgraded shares of Computer Programs & Systems from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $68.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Computer Programs & Systems from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $59.80 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Computer Programs & Systems in a research note to investors on Wednesday, November 20th. They set a “hold” rating and a $66.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $61.83.
Computer Programs & Systems has a 1-year low of $46.08 and a 1-year high of $63.53. The stock has a 50-day moving average of $61.06 and a 200-day moving average of $58.6. The company has a market cap of $745.6 million and a price-to-earnings ratio of 19.78.
Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Friday, January 31st. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.06. The company had revenue of $51.30 million for the quarter, compared to the consensus estimate of $52.75 million. On average, analysts predict that Computer Programs & Systems will post $2.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a dividend of 0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.41%.
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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