Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.17.

A number of research firms recently weighed in on CPSI. Zacks Investment Research raised shares of Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, August 8th. BidaskClub raised shares of Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Computer Programs and Systems in a report on Thursday, August 31st. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Computer Programs and Systems in a report on Monday, May 15th. Finally, Dougherty & Co increased their price objective on shares of Computer Programs and Systems from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, May 15th.

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In other Computer Programs and Systems news, insider David A. Dye sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $29.01, for a total transaction of $87,030.00. Following the transaction, the insider now owns 61,568 shares of the company’s stock, valued at approximately $1,786,087.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Victor S. Schneider sold 5,700 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $33.18, for a total transaction of $189,126.00. Following the transaction, the insider now directly owns 43,352 shares in the company, valued at approximately $1,438,419.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,735 shares of company stock worth $530,689. 3.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CPSI. Teachers Advisors LLC increased its stake in Computer Programs and Systems by 49.4% during the 4th quarter. Teachers Advisors LLC now owns 39,742 shares of the company’s stock valued at $938,000 after buying an additional 13,135 shares during the period. Nisa Investment Advisors LLC increased its stake in Computer Programs and Systems by 107.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,480 shares of the company’s stock valued at $461,000 after buying an additional 8,530 shares during the period. Wells Fargo & Company MN increased its stake in Computer Programs and Systems by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 68,248 shares of the company’s stock valued at $1,911,000 after buying an additional 1,305 shares during the period. Great West Life Assurance Co. Can increased its stake in Computer Programs and Systems by 13.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,345 shares of the company’s stock valued at $430,000 after buying an additional 1,799 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Computer Programs and Systems by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 231,501 shares of the company’s stock valued at $6,481,000 after buying an additional 12,313 shares during the period.

Shares of Computer Programs and Systems (NASDAQ CPSI) traded up 0.70% on Wednesday, hitting $28.65. 101,028 shares of the stock were exchanged. Computer Programs and Systems has a one year low of $18.25 and a one year high of $36.15. The firm has a market cap of $384.74 million, a price-to-earnings ratio of 73.84 and a beta of 0.23. The firm’s 50 day moving average price is $29.88 and its 200 day moving average price is $30.09.

Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 earnings per share 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 firm had revenue of $67.70 million during the quarter, compared to analyst estimates of $69.56 million. During the same period last year, the business earned $0.48 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. Equities analysts anticipate that Computer Programs and Systems will post $1.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were paid a dividend of $0.30 per share. This is a boost from Computer Programs and Systems’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.20 annualized dividend and a yield of 4.19%. Computer Programs and Systems’s dividend payout ratio (DPR) is presently 300.00%.

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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