Shares of Computer Programs and Systems Inc. (NASDAQ:CPSI) shot up 5.2% during trading on Monday . The company traded as high as $29.20 and last traded at $28.91, with a volume of 475,598 shares. The stock had previously closed at $27.47.

Several brokerages have recently issued reports on CPSI. KeyCorp restated a “sell” rating and issued a $35.00 price objective on shares of Computer Programs and Systems in a research report on Friday. Leerink Swann restated a “market perform” rating and issued a $45.00 price objective (down from $58.00) on shares of Computer Programs and Systems in a research report on Friday, June 17th. FBR & Co reduced their price objective on Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating on the stock in a research report on Friday. Zacks Investment Research downgraded Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Finally, Royal Bank Of Canada reduced their price objective on Computer Programs and Systems from $55.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Computer Programs and Systems currently has an average rating of “Hold” and a consensus price target of $45.55.

The company has a 50 day moving average of $39.43 and a 200 day moving average of $47.38. The stock has a market capitalization of $389.86 million and a P/E ratio of 50.72.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.31. The firm earned $68.42 million during the quarter, compared to the consensus estimate of $74.35 million. During the same quarter in the previous year, the business posted $0.52 EPS. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year. Equities research analysts anticipate that Computer Programs and Systems Inc. will post $2.89 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Friday, August 26th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, August 9th.

In related news, CEO John B. Douglas, Jr. bought 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average cost of $41.98 per share, for a total transaction of $146,930.00. Following the acquisition, the chief executive officer now directly owns 179,685 shares of the company’s stock, valued at approximately $7,543,176.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert D. Hinckle sold 1,857 shares of Computer Programs and Systems stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $43.42, for a total value of $80,630.94. Following the completion of the transaction, the vice president now owns 13,000 shares in the company, valued at $564,460. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of CPSI. California State Teachers Retirement System boosted its stake in shares of Computer Programs and Systems by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 20,967 shares of the company’s stock valued at $1,043,000 after buying an additional 300 shares during the period. Rhumbline Advisers boosted its stake in shares of Computer Programs and Systems by 3.0% in the fourth quarter. Rhumbline Advisers now owns 46,281 shares of the company’s stock valued at $2,302,000 after buying an additional 1,355 shares during the period. Schroder Investment Management Group boosted its stake in shares of Computer Programs and Systems by 3.2% in the fourth quarter. Schroder Investment Management Group now owns 675,876 shares of the company’s stock valued at $33,625,000 after buying an additional 20,801 shares during the period. Marshall Wace LLP acquired a new stake in shares of Computer Programs and Systems during the fourth quarter valued at approximately $1,808,000. Finally, US Bancorp DE boosted its stake in shares of Computer Programs and Systems by 11.6% in the fourth quarter. US Bancorp DE now owns 20,891 shares of the company’s stock valued at $1,039,000 after buying an additional 2,174 shares during the period.

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 provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations.

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