Computer Programs & Systems Stock Rating Upgraded by B. Riley (CPSI)
Computer Programs & Systems (NASDAQ:CPSI) was upgraded by B. Riley from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $68.00 target price on the stock. B. Riley’s target price would suggest a potential upside of 1.77% from the stock’s previous close.
Shares of Computer Programs & Systems (NASDAQ:CPSI) opened at 66.82 on Friday. Computer Programs & Systems has a 1-year low of $46.08 and a 1-year high of $69.50. The stock has a 50-day moving average of $61.26 and a 200-day moving average of $58.77. The company has a market cap of $745.6 million and a P/E ratio of 19.78.
Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Friday, January 31st. The company reported $0.90 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Computer Programs & Systems will post $2.99 EPS 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%.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at KeyCorp initiated coverage on shares of Computer Programs & Systems in a research note to investors on Tuesday, November 19th. They set a “hold” rating on the stock. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $61.83.
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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