Citigroup initiated coverage on shares of Computer Programs & Systems (NASDAQ:CPSI) in a research note issued on Thursday. The brokerage set a “neutral” rating on the stock.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub downgraded shares of Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Robert W. Baird reissued a “hold” rating and issued a $30.00 price objective on shares of Computer Programs & Systems in a report on Wednesday, October 4th. SunTrust Banks reissued a “hold” rating and issued a $32.00 price objective (down previously from $35.00) on shares of Computer Programs & Systems in a report on Thursday, September 14th. Finally, KeyCorp reissued a “sell” rating and issued a $21.00 price objective on shares of Computer Programs & Systems in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.50.
Computer Programs & Systems (NASDAQ:CPSI) opened at $29.80 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.87. The stock has a market cap of $410.62, a P/E ratio of 66.22, a P/E/G ratio of 1.90 and a beta of 0.13. Computer Programs & Systems has a 1-year low of $21.60 and a 1-year high of $36.15.
Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $67.11 million during the quarter, compared to analysts’ expectations of $68.68 million. Computer Programs & Systems had a return on equity of 10.01% and a net margin of 2.32%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. analysts expect that Computer Programs & Systems will post 1.27 EPS for the current year.
In other Computer Programs & Systems news, EVP Victor S. Schneider sold 1,695 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $29.45, for a total transaction of $49,917.75. Following the sale, the executive vice president now owns 41,657 shares in the company, valued at approximately $1,226,798.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher L. Fowler sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its stake in Computer Programs & Systems by 77.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock worth $125,000 after acquiring an additional 1,667 shares during the period. Thrivent Financial For Lutherans bought a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $211,000. Voya Investment Management LLC bought a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $211,000. Dynamic Technology Lab Private Ltd bought a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $226,000. Finally, Macquarie Group Ltd. bought a new stake in Computer Programs & Systems during the 3rd quarter worth approximately $227,000. Institutional investors own 95.25% 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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