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Analysts at Topeka Capital Markets initiated coverage on shares of Computer Programs & Systems (NASDAQ:CPSI) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $72.00 price target on the stock. Topeka Capital Markets’ target price would suggest a potential upside of 15.64% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at KeyCorp downgraded shares of Computer Programs & Systems from a “hold” rating to an “underweight” rating in a research note on Thursday, June 12th. They now have a $55.00 price target on the stock, down previously from $65.70. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $65.98.

Computer Programs & Systems (NASDAQ:CPSI) traded up 1.90% on Friday, hitting $63.44. 43,160 shares of the company’s stock traded hands. Computer Programs & Systems has a 52-week low of $47.23 and a 52-week high of $71.89. The stock has a 50-day moving average of $63.56 and a 200-day moving average of $63.70. The company has a market cap of $708.2 million and a P/E ratio of 20.69.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter 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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