Computer Programs and Systems, Inc. (NASDAQ:CPSI) Upgraded by BidaskClub to “Sell”

Computer Programs and Systems, Inc. (NASDAQ:CPSI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

Several other analysts have also commented on CPSI. Zacks Investment Research lowered shares of Computer Programs and Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Cantor Fitzgerald reissued a “hold” rating and set a $24.00 target price on shares of Computer Programs and Systems in a research note on Friday, May 5th. Dougherty & Co increased their target price on shares of Computer Programs and Systems from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, May 8th. ValuEngine raised shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Robert W. Baird reissued a “neutral” rating and set a $30.00 target price (up from $27.00) on shares of Computer Programs and Systems in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.57.

Shares of Computer Programs and Systems (NASDAQ:CPSI) traded down 5.08% on Tuesday, hitting $30.80. 36,180 shares of the stock were exchanged. The firm’s 50-day moving average is $31.98 and its 200-day moving average is $28.97. Computer Programs and Systems has a one year low of $18.25 and a one year high of $36.15. The company has a market cap of $413.09 million, a P/E ratio of 71.13 and a beta of 0.23.

Computer Programs and Systems (NASDAQ:CPSI) last released its earnings results on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by $0.05. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The business had revenue of $67.70 million for the quarter, compared to analyst estimates of $69.56 million. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Computer Programs and Systems will post $1.67 EPS for the current fiscal year.

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In other Computer Programs and Systems news, COO Christopher L. Fowler sold 837 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $34.90, for a total value of $29,211.30. Following the completion of the sale, the chief operating officer now directly owns 32,145 shares of the company’s stock, valued at $1,121,860.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James B. Britain sold 5,035 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $32.66, for a total transaction of $164,443.10. Following the completion of the sale, the vice president now directly owns 12,561 shares of the company’s stock, valued at $410,242.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,235 shares of company stock worth $440,985. Company insiders own 3.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund increased its stake in Computer Programs and Systems by 0.9% in the second quarter. Texas Permanent School Fund now owns 7,807 shares of the company’s stock valued at $256,000 after buying an additional 67 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Computer Programs and Systems by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock valued at $1,334,000 after buying an additional 209 shares in the last quarter. Prudential Financial Inc. increased its stake in Computer Programs and Systems by 0.5% in the first quarter. Prudential Financial Inc. now owns 38,697 shares of the company’s stock valued at $1,084,000 after buying an additional 210 shares in the last quarter. Rhumbline Advisers increased its stake in Computer Programs and Systems by 2.4% in the second quarter. Rhumbline Advisers now owns 22,422 shares of the company’s stock valued at $735,000 after buying an additional 521 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Computer Programs and Systems by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 230,253 shares of the company’s stock valued at $6,447,000 after buying an additional 746 shares in the last quarter.

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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