Computer Programs & Systems Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:CPSI)
Computer Programs & Systems (NASDAQ:CPSI) has received an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, Analyst Ratings Net reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $65.36.
A number of analysts have recently weighed in on CPSI shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Computer Programs & Systems in a research note on Monday, August 4th. They now have a $67.00 price target on the stock, down previously from $68.00. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Computer Programs & Systems in a research note on Friday, June 27th. They set a “buy” rating and a $72.00 price target on the stock. Finally, 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.
Computer Programs & Systems (NASDAQ:CPSI) traded down 0.21% on Tuesday, hitting $62.10. The stock had a trading volume of 2,827 shares. Computer Programs & Systems has a 52-week low of $54.11 and a 52-week high of $71.89. The stock’s 50-day moving average is $64.02 and its 200-day moving average is $64.46. The company has a market cap of $696.0 million and a P/E ratio of 20.34.
Computer Programs & Systems (NASDAQ:CPSI) last released its earnings data on Thursday, July 31st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.04. The company had revenue of $53.10 million for the quarter, compared to the consensus estimate of $54.03 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Analysts expect that Computer Programs & Systems will post $3.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, August 12th.
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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