Computer Programs and Systems, Inc. (NASDAQ:CPSI)‘s stock had its “hold” rating reissued by equities research analysts at Robert W. Baird in a research report issued on Wednesday. They presently have a $30.00 price objective on the stock. Robert W. Baird’s target price indicates a potential downside of 1.32% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. KeyCorp reaffirmed a “sell” rating and set a $21.00 price objective on shares of Computer Programs and Systems in a report on Friday, September 22nd. BidaskClub downgraded shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. ValuEngine raised shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Wednesday, July 5th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $32.00 price objective (down from $35.00) on shares of Computer Programs and Systems in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.71.

Shares of Computer Programs and Systems (NASDAQ:CPSI) traded down 0.82% during midday trading on Wednesday, hitting $30.15. 17,307 shares of the stock were exchanged. The stock’s 50 day moving average is $29.06 and its 200 day moving average is $30.36. The firm has a market cap of $404.88 million, a P/E ratio of 77.71 and a beta of 0.19. Computer Programs and Systems has a 12-month low of $18.25 and a 12-month high of $36.15.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $67.70 million during the quarter, compared to analyst estimates of $69.56 million. Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities research analysts forecast that Computer Programs and Systems will post $1.65 earnings per share for the current fiscal year.

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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 Thursday, August 31st. The shares were sold at an average price of $30.03, for a total value of $90,090.00. Following the completion of the sale, the insider now owns 58,568 shares in the company, valued at approximately $1,758,797.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CPSI. Wells Fargo & Company MN increased its position in Computer Programs and Systems by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 68,248 shares of the company’s stock valued at $1,911,000 after acquiring an additional 1,305 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Computer Programs and Systems by 13.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,345 shares of the company’s stock valued at $430,000 after acquiring an additional 1,799 shares in the last quarter. Bank of New York Mellon Corp increased its position in Computer Programs and Systems by 5.6% in 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 acquiring an additional 12,313 shares in the last quarter. Comerica Bank increased its position in Computer Programs and Systems by 7.0% in the 1st quarter. Comerica Bank now owns 12,577 shares of the company’s stock valued at $343,000 after acquiring an additional 820 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Computer Programs and Systems in the 1st quarter valued at about $468,000.

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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