Computer Programs and Systems, Inc. (CPSI) Receives Average Recommendation of “Hold” from Brokerages
Computer Programs and Systems, Inc. (NASDAQ:CPSI) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $29.40.
A number of brokerages have commented on CPSI. Zacks Investment Research upgraded Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Robert W. Baird restated a “hold” rating and set a $30.00 target price on shares of Computer Programs and Systems in a research report on Wednesday, October 4th. Cantor Fitzgerald restated a “hold” rating and set a $28.00 target price on shares of Computer Programs and Systems in a research report on Tuesday, September 26th. KeyCorp restated a “sell” rating and set a $21.00 target price on shares of Computer Programs and Systems in a research report on Friday, September 22nd. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $32.00 target price (down previously from $35.00) on shares of Computer Programs and Systems in a research report on Thursday, September 14th.
Shares of Computer Programs and Systems (NASDAQ CPSI) traded up $0.20 during trading hours on Monday, reaching $29.35. The company had a trading volume of 55,098 shares, compared to its average volume of 107,661. Computer Programs and Systems has a 1 year low of $21.60 and a 1 year high of $36.15. The company has a market cap of $402.37, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.24.
Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). Computer Programs and Systems had a return on equity of 10.01% and a net margin of 2.32%. The firm had revenue of $67.11 million during the quarter, compared to the consensus estimate of $68.68 million. During the same quarter in the prior year, the business posted $0.34 EPS. Computer Programs and Systems’s revenue was up 3.8% compared to the same quarter last year. research analysts predict that Computer Programs and Systems will post 1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. Computer Programs and Systems’s dividend payout ratio is 88.89%.
In other news, insider David A. Dye sold 3,000 shares of Computer Programs and Systems stock in a transaction on Thursday, August 31st. The stock was 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 directly owns 58,568 shares of the company’s stock, valued at approximately $1,758,797.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Computer Programs and Systems by 77.5% in 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. acquired a new stake in shares of Computer Programs and Systems in the 1st quarter valued at $210,000. Thrivent Financial For Lutherans bought a new position in shares of Computer Programs and Systems in the 2nd quarter worth $211,000. Voya Investment Management LLC bought a new position in shares of Computer Programs and Systems in the 2nd quarter worth $211,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Computer Programs and Systems in the 2nd quarter worth $226,000. 97.27% of the stock is owned by institutional investors.
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).
Receive News & Ratings for Computer Programs and Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs and Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.