Computer Programs and Systems Inc. (NASDAQ:CPSI) had its price target reduced by stock analysts at Citigroup Inc. from $47.00 to $27.00 in a research report issued on Thursday, StockTargetPrices.com reports. The brokerage currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 3.73% from the stock’s previous close.

CPSI has been the topic of several other research reports. KeyCorp lowered their price objective on shares of Computer Programs and Systems from $35.00 to $21.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 16th. Leerink Swann reiterated a “market perform” rating and issued a $45.00 price objective (down previously from $58.00) on shares of Computer Programs and Systems in a research note on Friday, June 17th. FBR & Co lowered their price objective on shares of Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, August 5th. Wells Fargo & Co. reiterated a “hold” rating on shares of Computer Programs and Systems in a research note on Wednesday, June 8th. Finally, Zacks Investment Research cut shares of Computer Programs and Systems from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.82.

Analyst Recommendations for Computer Programs and Systems (NASDAQ:CPSI)

Computer Programs and Systems (NASDAQ:CPSI) traded up 0.42% during trading on Thursday, reaching $26.14. 10,270 shares of the company’s stock were exchanged. The company has a market cap of $348.37 million, a P/E ratio of 44.31 and a beta of 0.04. The stock’s 50-day moving average is $26.80 and its 200-day moving average is $40.85. Computer Programs and Systems has a 12-month low of $24.18 and a 12-month high of $59.16.

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Computer Programs and Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by $0.31. The company had revenue of $68.42 million for the quarter, compared to the consensus estimate of $74.35 million. Computer Programs and Systems had a net margin of 3.17% and a return on equity of 15.46%. Computer Programs and Systems’s revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. Analysts predict that Computer Programs and Systems will post $2.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Thursday, August 11th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Tuesday, August 9th. Computer Programs and Systems’s dividend payout ratio (DPR) is currently 215.88%.

In other Computer Programs and Systems news, Director Arthur Robert Outlaw, Jr. bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was purchased at an average cost of $26.09 per share, with a total value of $26,090.00. Following the completion of the acquisition, the director now owns 6,857 shares in the company, valued at approximately $178,899.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John B. Douglas, Jr. bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was acquired at an average cost of $25.43 per share, with a total value of $254,300.00. Following the completion of the acquisition, the insider now owns 189,685 shares of the company’s stock, valued at approximately $4,823,689.55. The disclosure for this purchase can be found here. Company insiders own 3.57% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its position in Computer Programs and Systems by 32.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,579,718 shares of the company’s stock worth $63,062,000 after buying an additional 388,847 shares during the period. Goldman Sachs Group Inc. raised its position in Computer Programs and Systems by 32.6% in the first quarter. Goldman Sachs Group Inc. now owns 48,805 shares of the company’s stock worth $2,544,000 after buying an additional 11,996 shares during the period. Magnetar Financial LLC acquired a new position in Computer Programs and Systems during the first quarter worth $212,000. UBS Group AG raised its position in Computer Programs and Systems by 146.6% in the first quarter. UBS Group AG now owns 80,504 shares of the company’s stock worth $4,196,000 after buying an additional 47,862 shares during the period. Finally, Royce & Associates LP raised its position in Computer Programs and Systems by 67.0% in the first quarter. Royce & Associates LP now owns 26,726 shares of the company’s stock worth $1,393,000 after buying an additional 10,726 shares during the period. 95.15% of the stock is owned by hedge funds and other institutional investors.

About Computer Programs and Systems

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals and post-acute care facilities. The Company provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations.

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