Computer Programs and Systems (NASDAQ:CPSI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Computer Programs and Systems (NASDAQ:CPSI) in a research note issued to investors on Sunday morning. The brokerage issued a sell rating on the stock.

CPSI has been the topic of a number of other research reports. Cantor Fitzgerald reissued an overweight rating and issued a $24.00 target price on shares of Computer Programs and Systems in a research report on Friday, March 1st. Barclays lowered their price objective on shares of Computer Programs and Systems from $12.00 to $10.00 and set an equal weight rating on the stock in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $19.00.

Computer Programs and Systems Price Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 2.32 and a quick ratio of 2.31. The firm has a market cap of $133.71 million, a P/E ratio of -2.92 and a beta of 0.62. The firm has a 50-day moving average price of $9.70 and a 200-day moving average price of $11.99. Computer Programs and Systems has a 12 month low of $8.70 and a 12 month high of $30.96.

Institutional Trading of Computer Programs and Systems

Several institutional investors and hedge funds have recently bought and sold shares of CPSI. BlackRock Inc. grew its stake in Computer Programs and Systems by 1.4% in the first quarter. BlackRock Inc. now owns 2,411,642 shares of the company’s stock valued at $83,079,000 after purchasing an additional 32,712 shares in the last quarter. River Road Asset Management LLC boosted its holdings in shares of Computer Programs and Systems by 0.8% in the 4th quarter. River Road Asset Management LLC now owns 1,174,503 shares of the company’s stock valued at $13,154,000 after buying an additional 9,610 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Computer Programs and Systems by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,053,848 shares of the company’s stock valued at $29,381,000 after buying an additional 17,766 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Computer Programs and Systems by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 757,367 shares of the company’s stock valued at $18,700,000 after buying an additional 7,429 shares in the last quarter. Finally, State Street Corp increased its holdings in Computer Programs and Systems by 3.7% during the third quarter. State Street Corp now owns 627,784 shares of the company’s stock worth $17,503,000 after buying an additional 22,333 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.

Computer Programs and Systems Company Profile

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.