Computer Programs & Systems Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:CPSI)
Shares of Computer Programs & Systems (NASDAQ:CPSI) have received an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, American Banking News reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered 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.
Shares of Computer Programs & Systems (NASDAQ:CPSI) opened at 60.64 on Tuesday. 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 $63.58 and a 200-day moving average of $64.35. The company has a market cap of $679.7 million and a price-to-earnings ratio of 19.96.
Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly 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 declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders 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 3.77%. The ex-dividend date of this dividend is Tuesday, August 12th.
In other Computer Programs & Systems news, SVP Patrick A. Immel sold 3,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $182,610.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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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