Computer Programs and Systems Inc. (CPSI) Hits New 12-Month Low at $24.89
Computer Programs and Systems Inc. (NASDAQ:CPSI) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $24.89 and last traded at $25.29, with a volume of 173,487 shares. The stock had previously closed at $25.82.
Several research analysts recently commented on CPSI shares. FBR & Co reduced their target price on Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday, August 5th. Deutsche Bank AG cut Computer Programs and Systems from a “hold” rating to a “sell” rating and cut their price objective for the company from $47.00 to $22.00 in a report on Friday, August 5th. Zacks Investment Research cut Computer Programs and Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 10th. KeyCorp cut their price objective on Computer Programs and Systems from $35.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, August 16th. Finally, SunTrust Banks Inc. cut Computer Programs and Systems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $35.00 in a report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $42.55.
The firm has a market capitalization of $339.31 million and a price-to-earnings ratio of 43.15. The stock’s 50-day moving average price is $33.01 and its 200-day moving average price is $43.86.
Computer Programs and Systems (NASDAQ:CPSI) last released its 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. The business’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Equities analysts predict that Computer Programs and Systems Inc. will post $2.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Thursday, August 11th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Tuesday, August 9th.
In other Computer Programs and Systems news, insider John B. Douglas, Jr. acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was acquired at an average cost of $25.43 per share, for a total transaction of $254,300.00. Following the transaction, the insider now directly owns 189,685 shares in the company, valued at $4,823,689.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur Robert Outlaw, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were acquired at an average price of $26.09 per share, with a total value of $26,090.00. Following the completion of the transaction, the director now owns 6,857 shares in the company, valued at $178,899.13. The disclosure for this purchase can be found here.
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.