Equities researchers at StockNews.com assumed coverage on shares of Computer Programs and Systems (NASDAQ:CPSI – Get Free Report) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.
CPSI has been the topic of a number of other reports. Barclays lowered their price target on Computer Programs and Systems from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, January 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $24.00 target price on shares of Computer Programs and Systems in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.00.
View Our Latest Stock Report on Computer Programs and Systems
Computer Programs and Systems Stock Performance
Institutional Investors Weigh In On Computer Programs and Systems
Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in Computer Programs and Systems during the 1st quarter worth about $25,000. Quantbot Technologies LP boosted its position in Computer Programs and Systems by 225.0% during the 2nd quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock worth $31,000 after acquiring an additional 675 shares during the period. Captrust Financial Advisors boosted its position in Computer Programs and Systems by 95.8% during the 1st quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after acquiring an additional 574 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Computer Programs and Systems during the 2nd quarter worth about $51,000. Finally, State of Wyoming acquired a new stake in shares of Computer Programs and Systems during the 2nd quarter valued at about $51,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.
About Computer Programs and Systems
Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.
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