Computer Programs and Systems, Inc. (NASDAQ:CPSI)‘s stock had its “hold” rating reiterated by equities researchers at SunTrust Banks, Inc. in a report issued on Thursday. They currently have a $32.00 price objective on the stock, down from their prior price objective of $35.00. SunTrust Banks, Inc.’s price objective suggests a potential upside of 12.28% from the stock’s previous close.

Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Robert W. Baird reiterated a “neutral” rating and set a $30.00 target price (up previously from $27.00) on shares of Computer Programs and Systems in a research note on Friday, June 16th. ValuEngine upgraded shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.88.

Shares of Computer Programs and Systems (NASDAQ:CPSI) traded down 1.23% during mid-day trading on Thursday, reaching $28.15. 29,351 shares of the company were exchanged. The firm has a market capitalization of $378.03 million, a price-to-earnings ratio of 72.55 and a beta of 0.23. The company’s 50-day moving average is $29.78 and its 200 day moving average is $30.12. Computer Programs and Systems has a 12 month low of $18.25 and a 12 month high of $36.15.

Computer Programs and Systems (NASDAQ:CPSI) last released its 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). Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The business had revenue of $67.70 million for the quarter, compared to the consensus estimate of $69.56 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts predict that Computer Programs and Systems will post $1.66 EPS for the current year.

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In other news, insider Victor S. Schneider sold 5,700 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $33.18, for a total transaction of $189,126.00. Following the completion of the transaction, the insider now owns 43,352 shares of the company’s stock, valued at $1,438,419.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Dye sold 3,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $29.01, for a total transaction of $87,030.00. Following the transaction, the insider now directly owns 61,568 shares of the company’s stock, valued at approximately $1,786,087.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,735 shares of company stock valued at $530,689. Corporate insiders own 3.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CPSI. Francisco Partners Management LP acquired a new stake in Computer Programs and Systems in the fourth quarter worth about $46,388,000. Stadium Capital Management LLC lifted its holdings in Computer Programs and Systems by 58.4% in the fourth quarter. Stadium Capital Management LLC now owns 1,379,151 shares of the company’s stock worth $32,548,000 after purchasing an additional 508,261 shares during the period. Columbia Wanger Asset Management LLC acquired a new stake in Computer Programs and Systems in the fourth quarter worth about $11,991,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 purchasing an additional 388,847 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Computer Programs and Systems by 204.8% in the first quarter. Acadian Asset Management LLC now owns 499,047 shares of the company’s stock worth $26,013,000 after purchasing an additional 335,315 shares during the period.

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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