Computer Programs and Systems, Inc. (NASDAQ:CPSI) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $28.70.

A number of equities research analysts have issued reports on the company. Dougherty & Co boosted their price target on Computer Programs and Systems from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Robert W. Baird reissued a “neutral” rating and set a $30.00 price target (up previously from $27.00) on shares of Computer Programs and Systems in a research report on Friday, June 16th. Cantor Fitzgerald reissued a “hold” rating and set a $24.00 price target on shares of Computer Programs and Systems in a research report on Monday, May 15th. BidaskClub downgraded Computer Programs and Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research raised Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Wednesday, July 5th.

In related news, VP James B. Britain sold 5,035 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $32.66, for a total value of $164,443.10. Following the transaction, the vice president now owns 12,561 shares in the company, valued at $410,242.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Christopher L. Fowler sold 1,663 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $35.00, for a total value of $58,205.00. Following the completion of the transaction, the chief operating officer now owns 32,982 shares in the company, valued at approximately $1,154,370. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,235 shares of company stock worth $440,985. Insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. acquired a new position in Computer Programs and Systems during the first quarter valued at approximately $210,000. Leavell Investment Management Inc. acquired a new position in Computer Programs and Systems during the first quarter valued at approximately $212,000. Texas Permanent School Fund acquired a new position in Computer Programs and Systems during the first quarter valued at approximately $217,000. State of Tennessee Treasury Department boosted its position in Computer Programs and Systems by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 9,769 shares of the company’s stock valued at $274,000 after buying an additional 1,474 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in Computer Programs and Systems during the second quarter valued at approximately $309,000.

Shares of Computer Programs and Systems (NASDAQ:CPSI) traded down 0.78% during mid-day trading on Tuesday, reaching $31.90. The company’s stock had a trading volume of 29,879 shares. The company’s 50-day moving average is $33.44 and its 200 day moving average is $27.66. The firm has a market capitalization of $427.84 million, a P/E ratio of 73.67 and a beta of 0.24. Computer Programs and Systems has a 1-year low of $18.25 and a 1-year high of $42.01.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.06. Computer Programs and Systems had a net margin of 2.23% and a return on equity of 10.09%. The firm had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $66.10 million. During the same period last year, the firm posted $0.54 EPS. Computer Programs and Systems’s revenue was down 7.9% on a year-over-year basis. On average, analysts expect that Computer Programs and Systems will post $1.69 earnings per share for the current year.

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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’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

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

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