According to Zacks, “Computer Programs and Systems, Inc has been serving the information technology needs of community healthcare providers for over twenty-seven years. Headquartered in Mobile, Alabama, the company provides a complete health information and patient care system that encompasses the full spectrum of financial and clinical applications. The CPSI System provides the most comprehensive single-source electronic medical record available and allows the realization of a true enterprise-wide electronic medical record. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital. “
Several other equities analysts have also recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of Everbridge to $87.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. Wells Fargo & Co lowered shares of Mylan from an outperform rating to a market perform rating and reduced their price objective for the company from $33.00 to $22.00 in a research note on Tuesday, May 7th. Cantor Fitzgerald reaffirmed a hold rating and issued a $8.00 price objective on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Dougherty & Co reaffirmed a buy rating and issued a $18.50 price objective (up previously from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Finally, ValuEngine raised shares of ZIX from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $29.01.
NASDAQ CPSI opened at $27.73 on Tuesday. Computer Programs & Systems has a twelve month low of $23.81 and a twelve month high of $34.55. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.67 and a current ratio of 1.71. The stock has a market cap of $397.93 million, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.79 and a beta of 0.43. The business’s 50 day moving average price is $26.64.
Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.07). Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The firm had revenue of $69.14 million for the quarter, compared to analysts’ expectations of $70.81 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities research analysts expect that Computer Programs & Systems will post 1.49 earnings per share for the current fiscal year.
In other news, COO Christopher L. Fowler sold 1,500 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $29.99, for a total transaction of $44,985.00. Following the transaction, the chief operating officer now owns 68,044 shares in the company, valued at approximately $2,040,639.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert D. Hinckle sold 3,541 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $27.74, for a total transaction of $98,227.34. Following the transaction, the vice president now owns 44,041 shares in the company, valued at approximately $1,221,697.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,605 shares of company stock valued at $1,069,138. Company insiders own 12.30% of the company’s stock.
Several large investors have recently bought and sold shares of CPSI. Financial Gravity Wealth Inc. bought a new stake in Computer Programs & Systems in the first quarter valued at about $45,000. Investors Research Corp bought a new stake in Computer Programs & Systems during the first quarter worth about $56,000. Meeder Asset Management Inc. grew its stake in Computer Programs & Systems by 370.9% during the first quarter. Meeder Asset Management Inc. now owns 1,959 shares of the company’s stock worth $58,000 after buying an additional 1,543 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Computer Programs & Systems by 216.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,561 shares of the company’s stock worth $76,000 after buying an additional 1,752 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Computer Programs & Systems during the fourth quarter worth about $86,000. Institutional investors own 79.14% of the company’s stock.
Computer Programs & 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.
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