Computer Programs and Systems, Inc. (CPSI) Receives Average Rating of “Hold” from Brokerages
Computer Programs and Systems, Inc. (NASDAQ:CPSI) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $27.17.
Several research analysts recently weighed in on CPSI shares. Cantor Fitzgerald reiterated a “hold” rating and set a $24.00 price target on shares of Computer Programs and Systems in a research report on Friday, May 5th. BidaskClub cut Computer Programs and Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded 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. ValuEngine upgraded Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $30.00 price target (up from $27.00) on shares of Computer Programs and Systems in a research report on Friday, June 16th.
In other Computer Programs and Systems news, COO Christopher L. Fowler sold 837 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $34.90, for a total value of $29,211.30. Following the sale, the chief operating officer now directly owns 32,145 shares of the company’s stock, valued at $1,121,860.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James B. Britain sold 5,035 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $32.66, for a total value of $164,443.10. Following the completion of the sale, the vice president now directly owns 12,561 shares in the company, valued at $410,242.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,235 shares of company stock worth $440,985. 3.70% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of Computer Programs and Systems by 77.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock valued at $125,000 after buying an additional 1,667 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Computer Programs and Systems during the first quarter valued at approximately $210,000. Thrivent Financial For Lutherans acquired a new stake in shares of Computer Programs and Systems during the second quarter valued at approximately $211,000. Leavell Investment Management Inc. acquired a new stake in shares of Computer Programs and Systems during the first quarter valued at approximately $212,000. Finally, Texas Permanent School Fund acquired a new stake in shares of Computer Programs and Systems during the first quarter valued at approximately $217,000.
Shares of Computer Programs and Systems (NASDAQ:CPSI) traded up 1.02% during mid-day trading on Friday, hitting $29.70. 63,461 shares of the stock were exchanged. The stock’s 50 day moving average is $31.51 and its 200 day moving average is $29.29. Computer Programs and Systems has a 12 month low of $18.25 and a 12 month high of $36.15. The firm has a market cap of $398.84 million, a P/E ratio of 76.55 and a beta of 0.23.
Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.05. The company had revenue of $67.70 million for the quarter, compared to analysts’ expectations of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. Analysts expect that Computer Programs and Systems will post $1.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be issued a $0.30 dividend. This is a positive change from Computer Programs and Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, August 15th. Computer Programs and Systems’s dividend payout ratio (DPR) is presently 200.00%.
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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).
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