Computer Programs and Systems Inc. (NASDAQ:CPSI) was down 3.4% on Thursday . The stock traded as low as $27.76 and last traded at $27.81, with a volume of 158,522 shares. The stock had previously closed at $28.79.

Several equities research analysts recently weighed in on CPSI shares. Topeka Capital Markets upped their target price on shares of Computer Programs and Systems from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. Zacks Investment Research downgraded shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Royal Bank Of Canada dropped their price objective on shares of 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. KeyCorp reissued a “sell” rating on shares of Computer Programs and Systems in a research report on Sunday, May 22nd. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Computer Programs and Systems in a research report on Wednesday, June 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. Computer Programs and Systems currently has a consensus rating of “Hold” and a consensus target price of $45.55.

The stock’s 50-day moving average is $37.94 and its 200 day moving average is $46.63. The company has a market capitalization of $366.18 million and a price-to-earnings ratio of 47.64.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by $0.31. During the same quarter last year, the business posted $0.52 earnings per share. The business had revenue of $68.42 million for the quarter, compared to analysts’ expectations of $74.35 million. The firm’s quarterly revenue was up 45.3% compared to the same quarter last year. On average, equities analysts expect that Computer Programs and Systems Inc. will post $2.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders 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. This represents a $1.36 dividend on an annualized basis and a yield of 5.03%.

In other Computer Programs and Systems news, VP Robert D. Hinckle sold 1,857 shares of Computer Programs and Systems stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $43.42, for a total transaction of $80,630.94. Following the transaction, the vice president now directly owns 13,000 shares of the company’s stock, valued at $564,460. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John B. Douglas, Jr. purchased 3,500 shares of Computer Programs and Systems stock in a transaction 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 completion of the transaction, the chief executive officer now owns 179,685 shares of the company’s stock, valued at $7,543,176.30. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have made changes to their positions in CPSI. US Bancorp DE boosted its position 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 worth $1,039,000 after buying an additional 2,174 shares during the period. Marshall Wace LLP acquired a new position in shares of Computer Programs and Systems during the fourth quarter worth $1,808,000. Schroder Investment Management Group boosted its position 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 worth $33,625,000 after buying an additional 20,801 shares during the period. Finally, Rhumbline Advisers boosted its position 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 worth $2,302,000 after buying an additional 1,355 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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