Computer Programs & Systems (NASDAQ:CPSI) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a strong sell rating to a sell rating in a report published on Friday morning, BidAskClub reports.

Several other research firms have also commented on CPSI. SunTrust Banks decreased their price target on shares of Computer Programs & Systems from $30.00 to $25.00 and set a hold rating for the company in a report on Friday, August 23rd. ValuEngine raised shares of Computer Programs & Systems from a sell rating to a hold rating in a research note on Wednesday, September 11th. Cantor Fitzgerald set a $26.00 target price on shares of Computer Programs & Systems and gave the company a hold rating in a research note on Wednesday, August 7th. TheStreet lowered shares of Computer Programs & Systems from a b rating to a c+ rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of Computer Programs & Systems from a hold rating to a strong sell rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Computer Programs & Systems has an average rating of Hold and an average price target of $27.41.

NASDAQ CPSI opened at $24.09 on Friday. Computer Programs & Systems has a one year low of $20.72 and a one year high of $34.00. The company has a 50-day simple moving average of $22.82 and a 200-day simple moving average of $26.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.55 and a current ratio of 1.60. The firm has a market capitalization of $345.55 million, a PE ratio of 12.42, a price-to-earnings-growth ratio of 2.36 and a beta of 0.53.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.18. Computer Programs & Systems had a net margin of 6.66% and a return on equity of 14.04%. The business had revenue of $66.16 million during the quarter, compared to analyst estimates of $68.74 million. During the same period in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts forecast that Computer Programs & Systems will post 0.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, August 15th. Computer Programs & Systems’s payout ratio is 20.62%.

In other Computer Programs & Systems news, SVP Troy D. Rosser sold 5,620 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $21.21, for a total transaction of $119,200.20. Following the completion of the transaction, the senior vice president now directly owns 41,509 shares of the company’s stock, valued at approximately $880,405.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John B. Douglas, Jr. sold 2,605 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $28.28, for a total transaction of $73,669.40. Following the transaction, the insider now directly owns 237,963 shares of the company’s stock, valued at $6,729,593.64. The disclosure for this sale can be found here. Insiders have sold a total of 10,830 shares of company stock valued at $264,533 over the last three months. 12.30% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. IndexIQ Advisors LLC acquired a new position in Computer Programs & Systems during the 1st quarter valued at about $1,586,000. Aperio Group LLC bought a new stake in shares of Computer Programs & Systems during the 2nd quarter worth about $314,000. Acadian Asset Management LLC raised its position in shares of Computer Programs & Systems by 1,716.9% during the 1st quarter. Acadian Asset Management LLC now owns 110,759 shares of the company’s stock worth $3,288,000 after buying an additional 104,663 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Computer Programs & Systems by 73.4% during the 1st quarter. Martingale Asset Management L P now owns 116,528 shares of the company’s stock worth $3,461,000 after buying an additional 49,312 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Computer Programs & Systems by 15.7% during the 2nd quarter. Prudential Financial Inc. now owns 181,509 shares of the company’s stock worth $5,045,000 after buying an additional 24,623 shares in the last quarter. 79.20% of the stock is owned by hedge funds and other institutional investors.

About Computer Programs & 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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