Computer Programs and Systems, Inc. (NASDAQ:CPSI) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Robert W. Baird reissued a “neutral” rating and issued a $30.00 target price (up previously from $27.00) on shares of Computer Programs and Systems in a research report on Friday, June 16th. ValuEngine raised shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Dougherty & Co boosted their target price on shares of Computer Programs and Systems from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $24.00 target price on shares of Computer Programs and Systems in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.57.

Computer Programs and Systems (NASDAQ CPSI) traded down 5.08% during mid-day trading on Tuesday, hitting $30.80. 36,180 shares of the company traded hands. The company’s 50-day moving average is $31.98 and its 200-day moving average is $28.97. Computer Programs and Systems has a one year low of $18.25 and a one year high of $36.15. The stock has a market capitalization of $413.09 million, a price-to-earnings ratio of 71.13 and a beta of 0.23.

Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.05. Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $69.56 million. During the same period last year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts predict that Computer Programs and Systems will post $1.67 EPS for the current year.

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In related news, VP James B. Britain sold 5,035 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $32.66, for a total value of $164,443.10. Following the sale, the vice president now directly owns 12,561 shares in the company, valued at $410,242.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher L. Fowler sold 1,663 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $35.00, for a total value of $58,205.00. Following the completion of the sale, the chief operating officer now owns 32,982 shares in the company, valued at $1,154,370. The disclosure for this sale can be found here. Insiders sold 13,235 shares of company stock worth $440,985 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of CPSI. Texas Permanent School Fund boosted its position in Computer Programs and Systems by 0.9% in the second quarter. Texas Permanent School Fund now owns 7,807 shares of the company’s stock worth $256,000 after buying an additional 67 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Computer Programs and Systems by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock worth $1,334,000 after buying an additional 209 shares during the last quarter. Prudential Financial Inc. boosted its position in Computer Programs and Systems by 0.5% in the first quarter. Prudential Financial Inc. now owns 38,697 shares of the company’s stock worth $1,084,000 after buying an additional 210 shares during the last quarter. Rhumbline Advisers boosted its position in Computer Programs and Systems by 2.4% in the second quarter. Rhumbline Advisers now owns 22,422 shares of the company’s stock worth $735,000 after buying an additional 521 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Computer Programs and Systems by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 230,253 shares of the company’s stock worth $6,447,000 after buying an additional 746 shares during the last quarter.

Computer Programs and Systems Company Profile

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’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

Analyst Recommendations for Computer Programs and Systems (NASDAQ:CPSI)

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