Computer Programs & Systems (CPSI) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a sell rating to a hold rating in a report published on Wednesday morning.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald reaffirmed a hold rating and issued a $28.00 price target on shares of Computer Programs & Systems in a report on Thursday, November 1st. Zacks Investment Research upgraded Computer Programs & Systems from a sell rating to a hold rating in a research note on Monday, July 30th. SunTrust Banks reiterated a hold rating and issued a $30.00 price objective on shares of Computer Programs & Systems in a research note on Thursday, August 9th. Robert W. Baird lowered their price objective on Computer Programs & Systems from $30.00 to $27.00 and set a neutral rating on the stock in a research note on Tuesday, August 7th. Finally, Piper Jaffray Companies lowered their price objective on Computer Programs & Systems to $29.00 and set a neutral rating on the stock in a research note on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $27.83.

Computer Programs & Systems stock traded down $0.49 during trading hours on Wednesday, hitting $27.45. The stock had a trading volume of 107,502 shares, compared to its average volume of 169,032. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.87. The stock has a market cap of $397.79 million, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.77 and a beta of -0.01. Computer Programs & Systems has a fifty-two week low of $24.80 and a fifty-two week high of $34.65.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.48 by $0.31. The firm had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $70.87 million. Computer Programs & Systems had a positive return on equity of 16.74% and a negative net margin of 4.02%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, analysts expect that Computer Programs & Systems will post 1.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. Computer Programs & Systems’s dividend payout ratio is currently 30.08%.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Computer Programs & Systems in the 2nd quarter valued at approximately $139,000. Barclays PLC grew its stake in shares of Computer Programs & Systems by 131.1% in the 1st quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after purchasing an additional 2,494 shares during the period. KBC Group NV bought a new stake in shares of Computer Programs & Systems in the 2nd quarter valued at approximately $170,000. Nisa Investment Advisors LLC grew its stake in shares of Computer Programs & Systems by 36.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,800 shares of the company’s stock valued at $209,000 after purchasing an additional 2,100 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Computer Programs & Systems by 1,232.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,995 shares of the company’s stock valued at $296,000 after purchasing an additional 8,320 shares during the period. Institutional investors own 86.45% of the company’s stock.

About Computer Programs & Systems

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 helps 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.

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Analyst Recommendations for Computer Programs & Systems (NASDAQ:CPSI)

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