Computer Programs & Systems (NASDAQ:CPSI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

Several other research analysts have also recently weighed in on the company. Citigroup assumed coverage on Computer Programs & Systems in a research report on Thursday. They set a “neutral” rating for the company. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Robert W. Baird reiterated a “hold” rating and set a $30.00 price target on shares of Computer Programs & Systems in a research report on Wednesday, October 4th. Cantor Fitzgerald reiterated a “hold” rating and set a $28.00 price target on shares of Computer Programs & Systems in a research report on Tuesday, September 26th. Finally, KeyCorp reiterated a “sell” rating and set a $21.00 price target on shares of Computer Programs & Systems in a research report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Computer Programs & Systems currently has an average rating of “Hold” and a consensus price target of $30.50.

Shares of Computer Programs & Systems (CPSI) traded up $0.15 during mid-day trading on Friday, reaching $29.80. The company had a trading volume of 56,738 shares, compared to its average volume of 79,314. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a market capitalization of $412.01, a PE ratio of 66.22, a P/E/G ratio of 1.89 and a beta of 0.13. Computer Programs & Systems has a 52 week low of $21.60 and a 52 week high of $36.15.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $67.11 million for the quarter, compared to analysts’ expectations of $68.68 million. Computer Programs & Systems had a net margin of 2.32% and a return on equity of 10.01%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. research analysts anticipate that Computer Programs & Systems will post 1.27 EPS for the current year.

In other news, EVP Victor S. Schneider sold 1,695 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $29.45, for a total value of $49,917.75. Following the completion of the sale, the executive vice president now directly owns 41,657 shares in the company, valued at $1,226,798.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher L. Fowler sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of CPSI. Schwab Charles Investment Management Inc. increased its position in shares of Computer Programs & Systems by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock valued at $1,334,000 after buying an additional 209 shares in the last quarter. Rhumbline Advisers increased its position in shares of Computer Programs & Systems by 2.4% during the second quarter. Rhumbline Advisers now owns 22,422 shares of the company’s stock worth $735,000 after purchasing an additional 521 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Computer Programs & Systems by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 239,473 shares of the company’s stock worth $7,855,000 after purchasing an additional 7,972 shares in the last quarter. Legal & General Group Plc increased its position in shares of Computer Programs & Systems by 8.7% during the second quarter. Legal & General Group Plc now owns 19,386 shares of the company’s stock worth $636,000 after purchasing an additional 1,546 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Computer Programs & Systems by 77.5% during the second quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock worth $125,000 after purchasing an additional 1,667 shares in the last quarter. Institutional investors and hedge funds own 95.25% of the company’s stock.

WARNING: This article was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/06/computer-programs-systems-cpsi-rating-lowered-to-strong-sell-at-bidaskclub.html.

About Computer Programs & 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 & Systems (NASDAQ:CPSI)

Receive News & Ratings for Computer Programs & Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs & Systems and related companies with MarketBeat.com's FREE daily email newsletter.