Computer Programs and Systems Inc. (NASDAQ:CPSI) shares fell 1.5% during mid-day trading on Thursday . The stock traded as low as $25.27 and last traded at $25.38, with a volume of 141,642 shares. The stock had previously closed at $25.76.

Several research firms recently issued reports on CPSI. KeyCorp cut their price target on shares of Computer Programs and Systems from $35.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday. Zacks Investment Research cut shares of Computer Programs and Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 10th. FBR & Co cut their price target on shares of Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, August 5th. SunTrust Banks Inc. cut shares of Computer Programs and Systems from a “buy” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $35.00 in a report on Friday, August 5th. Finally, Deutsche Bank AG cut shares of Computer Programs and Systems from a “hold” rating to a “sell” rating and dropped their target price for the company from $47.00 to $22.00 in a report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.27.

The stock has a market cap of $335.84 million and a PE ratio of 42.71. The stock has a 50 day moving average price of $36.14 and a 200 day moving average price of $45.72.

Computer Programs and Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by $0.31. During the same period last year, the firm earned $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 revenue for the quarter was up 45.3% compared to the same quarter last year. Equities research analysts forecast that Computer Programs and Systems Inc. will post $2.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Tuesday, August 9th.

In other Computer Programs and Systems news, VP Robert D. Hinckle sold 1,857 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $43.42, for a total transaction of $80,630.94. Following the completion of the transaction, the vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $564,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds recently added to or reduced their stakes in CPSI. US Bancorp DE increased 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 during the period. Schroder Investment Management Group increased 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 during the period. Finally, Marshall Wace LLP bought a new stake in Computer Programs and Systems during the fourth quarter worth approximately $1,808,000.

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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