Computer Programs and Systems Inc. (NASDAQ:CPSI) reached 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 changing hands. The stock had previously closed at $25.82.

Several equities research analysts have recently commented on the company. KeyCorp restated a “sell” rating on shares of Computer Programs and Systems in a report on Sunday, May 22nd. Royal Bank Of Canada decreased their price objective on Computer Programs and Systems from $55.00 to $47.00 and set a “sector perform” rating for the company in a report on Wednesday, May 11th. Leerink Swann restated a “market perform” rating and set a $26.00 price objective (down previously from $45.00) on shares of Computer Programs and Systems in a report on Thursday. Wells Fargo & Co. restated a “hold” rating on shares of Computer Programs and Systems in a report on Wednesday, June 8th. Finally, Zacks Investment Research downgraded Computer Programs and Systems from a “buy” rating to a “hold” rating in a report on Friday, May 6th. 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 currently has an average rating of “Hold” and a consensus target price of $42.55.

The stock’s 50-day moving average is $32.35 and its 200 day moving average is $43.72. The firm has a market capitalization of $338.24 million and a price-to-earnings ratio of 43.02.

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 the consensus estimate of $0.79 by $0.31. The firm had revenue of $68.42 million for the quarter, compared to analyst estimates of $74.35 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 45.3% on a year-over-year basis. Equities research analysts forecast that Computer Programs and Systems Inc. will post $2.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Thursday, August 11th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend was Tuesday, August 9th.

In related news, insider John B. Douglas, Jr. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were purchased at an average cost of $25.43 per share, with a total value of $254,300.00. Following the purchase, the insider now owns 189,685 shares of the company’s stock, valued at approximately $4,823,689.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arthur Robert Outlaw, Jr. purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was bought at an average cost of $26.09 per share, for a total transaction of $26,090.00. Following the completion of the purchase, the director now directly owns 6,857 shares in the company, valued at approximately $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.

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