Computer Programs and Systems Inc. (NASDAQ:CPSI)’s share price fell 3.4% during mid-day trading on Thursday . The company traded as low as $27.76 and last traded at $27.81, with a volume of 158,522 shares changing hands. The stock had previously closed at $28.79.

A number of brokerages have issued reports on CPSI. Robert W. Baird lowered Computer Programs and Systems from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $65.00 to $59.00 in a research note on Thursday, April 14th. Topeka Capital Markets increased their price target on Computer Programs and Systems from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Zacks Investment Research lowered Computer Programs and Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Royal Bank Of Canada decreased their price target on Computer Programs and Systems from $55.00 to $47.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 11th. Finally, KeyCorp reaffirmed a “sell” rating on shares of Computer Programs and Systems in a research note on Sunday, May 22nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.55.

The stock has a market capitalization of $374.30 million and a price-to-earnings ratio of 48.70. The stock has a 50 day moving average of $38.57 and a 200 day moving average of $46.92.

Computer Programs and Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, August 4th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by $0.31. The company earned $68.42 million during the quarter, compared to the consensus estimate of $74.35 million. During the same period last year, the business earned $0.52 EPS. Computer Programs and Systems’s revenue for the quarter was up 45.3% compared to the same quarter last year. Equities research analysts predict that Computer Programs and Systems Inc. will post $2.30 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Thursday, August 11th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Tuesday, August 9th.

In other news, CEO John B. Douglas, Jr. bought 3,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was bought 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert D. Hinckle sold 1,857 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $43.42, for a total value of $80,630.94. Following the transaction, the vice president now owns 13,000 shares of the company’s stock, valued at $564,460. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of CPSI. Rhumbline Advisers raised its stake in Computer Programs and Systems by 3.0% in the fourth quarter. Rhumbline Advisers now owns 46,281 shares of the company’s stock worth $2,302,000 after buying an additional 1,355 shares in the last quarter. US Bancorp DE raised its stake in Computer Programs and Systems by 11.6% in the fourth quarter. US Bancorp DE now owns 20,891 shares of the company’s stock worth $1,039,000 after buying an additional 2,174 shares in the last quarter. Marshall Wace LLP bought a new stake in Computer Programs and Systems during the fourth quarter worth about $1,808,000. Finally, Schroder Investment Management Group raised its stake in 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 worth $33,625,000 after buying an additional 20,801 shares in the last quarter.

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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