Share on StockTwits

Analysts at RBC Capital began coverage on shares of Computer Programs & Systems (NASDAQ:CPSI) in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. The firm set an “outperform” rating on the stock.

Computer Programs & Systems (NASDAQ:CPSI) traded up 3.02% during mid-day trading on Thursday, hitting $68.51. 156,280 shares of the company’s stock traded hands. Computer Programs & Systems has a 1-year low of $47.23 and a 1-year high of $69.50. The stock has a 50-day moving average of $61.9 and a 200-day moving average of $59.53. The company has a market cap of $764.5 million and a price-to-earnings ratio of 22.54. Computer Programs & Systems also saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 828,210 shares, an increase of 37.4% from the January 15th total of 602,838 shares. Based on an average daily trading volume, of 179,932 shares, the short-interest ratio is currently 4.6 days. Approximately 8.0% of the company’s shares are sold short.

Computer Programs & Systems (NASDAQ:CPSI) last released its 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 $3.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Tuesday, February 11th. This is a boost from Computer Programs & Systems’s previous quarterly dividend of $0.51.

CPSI has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Computer Programs & Systems from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. They now have a $67.80 price target on the stock. Separately, analysts at Leerink Swann raised their price target on shares of Computer Programs & Systems from $57.00 to $63.00 in a research note on Monday, February 3rd. Finally, analysts at B. Riley upgraded shares of Computer Programs & Systems from a “neutral” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $68.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $62.98.

Computer Programs and Systems, Inc (NASDAQ:CPSI) is a healthcare information technology company that designs, develops, markets, installs and supports computerized information technology systems.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.