Share on StockTwits

Computer Programs & Systems (NASDAQ:CPSI) SVP Patrick A. Immel sold 3,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $182,610.00. Following the completion of the sale, the senior vice president now directly owns 21,914 shares of the company’s stock, valued at approximately $1,333,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Computer Programs & Systems (NASDAQ:CPSI) traded up 0.21% during mid-day trading on Friday, hitting $61.19. The stock had a trading volume of 11,354 shares. Computer Programs & Systems has a 1-year low of $54.11 and a 1-year high of $71.89. The stock has a 50-day moving average of $63.73 and a 200-day moving average of $64.37. The company has a market cap of $685.8 million and a P/E ratio of 19.96.

Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results 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 declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Thursday, August 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, August 12th.

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. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Computer Programs & Systems currently has an average rating of “Hold” and an average target price of $65.36.

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.