Citigroup Inc. Initiates Coverage on Computer Programs & Systems (CPSI)
Equities research analysts at Citigroup Inc. initiated coverage on shares of Computer Programs & Systems (NASDAQ:CPSI) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Computer Programs & Systems (NASDAQ:CPSI) opened at 69.90 on Tuesday. Computer Programs & Systems has a 52 week low of $47.23 and a 52 week high of $70.37. The stock’s 50-day moving average is $62.40 and its 200-day moving average is $59.80. The company has a market cap of $780.0 million and a price-to-earnings ratio of 23.22. Computer Programs & Systems also saw a large growth in short interest in January. As of January 31st, there was short interest totalling 828,210 shares, a growth of 37.4% from the January 15th total of 602,838 shares. Based on an average daily volume of 179,932 shares, the days-to-cover ratio is presently 4.6 days. Currently, 8.0% of the shares of the company are short sold.
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 $3.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors 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 3.26%. The ex-dividend date of this dividend is Tuesday, February 11th. This is an increase from Computer Programs & Systems’s previous quarterly dividend of $0.51.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of Computer Programs & Systems in a research note on Thursday, February 13th. They set an “outperform” rating and a $75.00 price target on the stock. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.31.
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.