Computer Programs and Systems Inc. (NASDAQ:CPSI) had its target price dropped by research analysts at Citigroup Inc. from $47.00 to $27.00 in a research report issued on Thursday. The firm presently has a “neutral” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 3.73% from the stock’s previous close.

CPSI has been the subject of several other reports. Wells Fargo & Co. reissued a “hold” rating on shares of Computer Programs and Systems in a research report on Wednesday, June 8th. Leerink Swann restated 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 dropped their price objective on 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. SunTrust Banks Inc. lowered Computer Programs and Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $35.00 in a research note on Friday, August 5th. Finally, Deutsche Bank AG lowered Computer Programs and Systems from a “hold” rating to a “sell” rating and dropped their price objective for the company from $47.00 to $22.00 in a research note on Friday, August 5th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $39.82.

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

Shares of Computer Programs and Systems (NASDAQ:CPSI) traded up 0.442% on Thursday, hitting $26.145. The company had a trading volume of 9,959 shares. The firm has a market capitalization of $348.43 million, a P/E ratio of 44.314 and a beta of 0.04. Computer Programs and Systems has a 12-month low of $24.18 and a 12-month high of $59.16. The firm has a 50 day moving average of $26.80 and a 200-day moving average of $40.85.

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Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.31. Computer Programs and Systems had a return on equity of 15.46% and a net margin of 3.17%. The business earned $68.42 million during the quarter, compared to the consensus estimate of $74.35 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was up 45.3% compared to the same quarter last year. On average, equities analysts predict that Computer Programs and Systems will post $2.25 EPS for the current year.

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

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

Large investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of 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 in the last quarter. Vanguard Group Inc. increased its stake in shares of Computer Programs and Systems by 0.5% in the second quarter. Vanguard Group Inc. now owns 932,513 shares of the company’s stock worth $37,226,000 after buying an additional 4,912 shares in the last quarter. Quantum Capital Management LLC NJ increased its stake in shares of Computer Programs and Systems by 56.6% in the second quarter. Quantum Capital Management LLC NJ now owns 848,502 shares of the company’s stock worth $33,872,000 after buying an additional 306,823 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Computer Programs and Systems by 3.1% in the second quarter. BlackRock Fund Advisors now owns 725,709 shares of the company’s stock worth $28,970,000 after buying an additional 22,086 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Computer Programs and Systems by 3.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 292,496 shares of the company’s stock worth $11,676,000 after buying an additional 9,142 shares in the last quarter. 95.15% of the stock is currently 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.

5 Day Chart for NASDAQ:CPSI

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