Computer Programs and Systems, Inc. (NASDAQ:CPSI) has received an average rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $28.67.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, August 8th. BidaskClub upgraded Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Cantor Fitzgerald reiterated a “hold” rating and set a $28.00 price target on shares of Computer Programs and Systems in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “hold” rating and set a $30.00 price target on shares of Computer Programs and Systems in a research note on Thursday, August 31st. Finally, KeyCorp reiterated a “sell” rating and set a $21.00 price target on shares of Computer Programs and Systems in a research note on Friday, September 22nd.

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In related news, insider David A. Dye sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $30.03, for a total transaction of $90,090.00. Following the sale, the insider now owns 58,568 shares of the company’s stock, valued at approximately $1,758,797.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its holdings in shares of Computer Programs and Systems by 77.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock valued at $125,000 after acquiring an additional 1,667 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of Computer Programs and Systems in the 2nd quarter valued at about $211,000. Thrivent Financial For Lutherans bought a new position in shares of Computer Programs and Systems in the 2nd quarter valued at about $211,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Computer Programs and Systems in the 2nd quarter valued at about $226,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Computer Programs and Systems in the 2nd quarter valued at about $237,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Computer Programs and Systems (CPSI) traded down 0.33% on Thursday, hitting $30.50. The stock had a trading volume of 68,578 shares. The firm has a market cap of $409.58 million, a P/E ratio of 78.61 and a beta of 0.19. Computer Programs and Systems has a 12-month low of $18.25 and a 12-month high of $36.15. The company’s 50-day moving average price is $29.58 and its 200 day moving average price is $30.66.

Computer Programs and Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The company had revenue of $67.70 million for the quarter, compared to analyst estimates of $69.56 million. Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. On average, equities research analysts forecast that Computer Programs and Systems will post $1.65 earnings per share for the current fiscal year.

Computer Programs and Systems Company Profile

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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