BidaskClub Downgrades Computer Programs & Systems (CPSI) to Strong Sell
BidaskClub cut shares of Computer Programs & Systems (NASDAQ:CPSI) from a sell rating to a strong sell rating in a research note published on Wednesday.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Computer Programs & Systems from a hold rating to a strong-buy rating and set a $35.00 price objective for the company in a report on Tuesday, February 13th. Citigroup initiated coverage on Computer Programs & Systems in a report on Thursday, January 4th. They set a neutral rating for the company. KeyCorp reiterated a sell rating and set a $23.00 price objective on shares of Computer Programs & Systems in a report on Wednesday, January 31st. Dougherty & Co reiterated a buy rating on shares of Computer Programs & Systems in a report on Monday, February 12th. Finally, Cantor Fitzgerald reiterated a hold rating and set a $32.00 price objective on shares of Computer Programs & Systems in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $31.33.
Shares of Computer Programs & Systems (NASDAQ CPSI) opened at $29.70 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. Computer Programs & Systems has a 1-year low of $25.95 and a 1-year high of $36.15. The stock has a market capitalization of $404.54, a price-to-earnings ratio of -23.39, a P/E/G ratio of 1.65 and a beta of 0.08.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 21st. This represents a $0.40 annualized dividend and a yield of 1.35%. Computer Programs & Systems’s dividend payout ratio (DPR) is currently -31.50%.
In other Computer Programs & Systems news, insider John B. Douglas, Jr. sold 2,173 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $29.97, for a total transaction of $65,124.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Victor S. Schneider sold 1,695 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $29.45, for a total value of $49,917.75. Following the transaction, the executive vice president now owns 41,657 shares in the company, valued at $1,226,798.65. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its holdings in Computer Programs & Systems by 9.1% during the second quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock valued at $5,365,000 after buying an additional 13,662 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Computer Programs & Systems by 21.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 49,178 shares of the company’s stock worth $1,454,000 after purchasing an additional 8,533 shares during the period. Royal Bank of Canada increased its stake in shares of Computer Programs & Systems by 0.3% in the second quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock worth $1,046,000 after purchasing an additional 88 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Computer Programs & Systems by 10.5% in the third quarter. Bank of New York Mellon Corp now owns 264,579 shares of the company’s stock worth $7,819,000 after purchasing an additional 25,106 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Computer Programs & Systems by 1,849.3% in the third quarter. Bessemer Group Inc. now owns 22,241 shares of the company’s stock worth $658,000 after purchasing an additional 21,100 shares during the period. Institutional investors own 93.78% of the company’s stock.
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About Computer Programs & 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).
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