Computer Programs & Systems Stock Price Down 2.1% on Insider Selling (CPSI)
Shares of Computer Programs & Systems (NASDAQ:CPSI) fell 2.1% on Friday after an insider sold shares in the company, AR Network reports. The company traded as low as $65.06 and last traded at $65.22, with a volume of 79,121 shares traded. The stock had previously closed at $66.65.
Specifically, SVP Troy D. Rosser unloaded 2,700 shares of Computer Programs & Systems stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $66.41, for a total value of $179,307.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
CPSI has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Computer Programs & Systems in a research note on Monday, May 5th. They now have a $68.00 price target on the stock. Separately, analysts at B. Riley reiterated a “buy” rating on shares of Computer Programs & Systems in a research note on Monday, May 5th. They now have a $75.00 price target on the stock. Finally, analysts at Raymond James reiterated a “market perform” rating on shares of Computer Programs & Systems in a research note on Tuesday, April 15th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.48.
The stock has a 50-day moving average of $63.02 and a 200-day moving average of $63.41. The company has a market cap of $729.0 million and a price-to-earnings ratio of 22.15.
Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, May 1st. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.11. The company had revenue of $52.09 million for the quarter, compared to the consensus estimate of $53.03 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Computer Programs & Systems will post $3.24 earnings per share for the current fiscal year.
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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