Computer Programs and Systems, Inc. (NASDAQ:CPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Computer Programs and Systems, Inc has been serving the information technology needs of community healthcare providers for over twenty-seven years. Headquartered in Mobile, Alabama, the company provides a complete health information and patient care system that encompasses the full spectrum of financial and clinical applications. The CPSI System provides the most comprehensive single-source electronic medical record available and allows the realization of a true enterprise-wide electronic medical record. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital. “

Other research analysts also recently issued reports about the company. SunTrust Banks, Inc. reiterated a “hold” rating and set a $32.00 price objective (down from $35.00) on shares of Computer Programs and Systems in a research note on Thursday, September 14th. Robert W. Baird reiterated a “hold” rating and set a $30.00 price objective on shares of Computer Programs and Systems in a research note on Thursday, August 31st. Cantor Fitzgerald reiterated a “hold” rating and set a $28.00 price objective on shares of Computer Programs and Systems in a research note on Tuesday, September 26th. KeyCorp reiterated a “sell” rating and set a $21.00 price objective on shares of Computer Programs and Systems in a research note on Friday, September 22nd. Finally, BidaskClub upgraded Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Shares of Computer Programs and Systems (NASDAQ CPSI) traded up $0.05 during trading hours on Friday, hitting $28.10. The company had a trading volume of 62,300 shares, compared to its average volume of 108,838. The company has a market cap of $386.55, a P/E ratio of 23.61, a PEG ratio of 2.04 and a beta of 0.12. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. Computer Programs and Systems has a 52 week low of $21.60 and a 52 week high of $36.15.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The company had revenue of $67.11 million for the quarter, compared to the consensus estimate of $68.68 million. Computer Programs and Systems had a net margin of 2.32% and a return on equity of 10.01%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. research analysts predict that Computer Programs and Systems will post 1.29 EPS for the current year.

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In other news, insider David A. Dye sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.03, for a total transaction of $90,090.00. Following the completion of the transaction, the insider now directly 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 can be accessed through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in Computer Programs and Systems by 77.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock valued at $125,000 after buying an additional 1,667 shares during the period. OppenheimerFunds Inc. purchased a new stake in Computer Programs and Systems during the 1st quarter valued at $210,000. Thrivent Financial For Lutherans purchased a new stake in Computer Programs and Systems during the 2nd quarter valued at $211,000. Voya Investment Management LLC purchased a new stake in Computer Programs and Systems during the 2nd quarter valued at $211,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Computer Programs and Systems during the 2nd quarter valued at $226,000. Institutional investors own 99.44% of the company’s stock.

About Computer Programs and Systems

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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