Computer Programs & Systems Price Target Increased to $63.00 by Analysts at Leerink Swann (CPSI)
Research analysts at Leerink Swann hoisted their price objective on shares of Computer Programs & Systems (NASDAQ:CPSI) from $57.00 to $63.00 in a report released on Monday, AnalystRatingsNetwork reports. Leerink Swann’s target price points to a potential downside of 0.94% from the stock’s previous close.
CPSI has been the subject of a number of other recent research reports. 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. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Computer Programs & Systems has an average rating of “Hold” and an average price target of $61.98.
Shares of Computer Programs & Systems (NASDAQ:CPSI) traded down 4.82% on Monday, hitting $63.60. 280,979 shares of the company’s stock traded hands. Computer Programs & Systems has a 1-year low of $46.75 and a 1-year high of $69.50. The stock’s 50-day moving average is $61.34 and its 200-day moving average is $58.93. The company has a market cap of $709.7 million and a P/E ratio of 22.65.
Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data 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. Analysts expect that Computer Programs & Systems will post $3.22 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 3.58%. The ex-dividend date of this dividend is Tuesday, February 11th. This is a boost from Computer Programs & Systems’s previous quarterly dividend of $0.51.
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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