Computer Programs and Systems, Inc. (CPSI) Receives Consensus Rating of “Hold” from Analysts

Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $28.67.

CPSI has been the subject of a number of analyst reports. KeyCorp reissued a “sell” rating and set a $21.00 price objective on shares of Computer Programs and Systems in a report on Friday, September 22nd. Zacks Investment Research cut Computer Programs and Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Robert W. Baird reissued a “hold” rating and set a $30.00 price objective on shares of Computer Programs and Systems in a report on Thursday, August 31st. BidaskClub cut Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $28.00 price objective on shares of Computer Programs and Systems in a report on Tuesday, September 26th.

TRADEMARK VIOLATION NOTICE: This article was published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/10/31/computer-programs-and-systems-inc-cpsi-receives-consensus-rating-of-hold-from-analysts.html.

Computer Programs and Systems (CPSI) traded up 1.69% during mid-day trading on Thursday, reaching $30.15. 28,614 shares of the company traded hands. Computer Programs and Systems has a 52-week low of $18.25 and a 52-week high of $36.15. The company has a market capitalization of $404.88 million, a P/E ratio of 77.71 and a beta of 0.19. The stock has a 50 day moving average price of $29.67 and a 200-day moving average price of $30.73.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings data 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 business had revenue of $67.70 million during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.48 earnings per share. Analysts expect that Computer Programs and Systems will post $1.65 EPS for the current fiscal year.

In other news, insider David A. Dye sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $30.03, for a total transaction of $90,090.00. Following the completion of the transaction, the insider now directly owns 58,568 shares in the company, valued at approximately $1,758,797.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in Computer Programs and Systems by 18.9% in the 2nd quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock valued at $2,660,000 after acquiring an additional 12,869 shares in the last quarter. Vanguard Group Inc. lifted its stake in Computer Programs and Systems by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 1,145,617 shares of the company’s stock valued at $32,077,000 after acquiring an additional 75,815 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Computer Programs and Systems in the 2nd quarter valued at approximately $309,000. Dubuque Bank & Trust Co. bought a new stake in Computer Programs and Systems in the 2nd quarter valued at approximately $412,000. Finally, Kennedy Capital Management Inc. lifted its stake in Computer Programs and Systems by 35.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock valued at $7,458,000 after acquiring an additional 59,807 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

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)

What are top analysts saying about Computer Programs and Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Computer Programs and Systems Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit