BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a strong sell rating to a sell rating in a report issued on Saturday.

Several other analysts also recently weighed in on the stock. Cantor Fitzgerald reissued a hold rating and issued a $32.00 price target on shares of Computer Programs & Systems in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Computer Programs & Systems from a sell rating to a hold rating in a research note on Tuesday, February 6th. KeyCorp reaffirmed a sell rating and set a $23.00 price objective on shares of Computer Programs & Systems in a research note on Wednesday, January 31st. Finally, Citigroup assumed coverage on shares of Computer Programs & Systems in a research note on Thursday, January 4th. They set a neutral rating for the company. Two research 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. Computer Programs & Systems presently has a consensus rating of Hold and a consensus price target of $31.50.

Shares of Computer Programs & Systems (CPSI) opened at $30.05 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.38. The firm has a market cap of $413.37, a price-to-earnings ratio of -23.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.09. Computer Programs & Systems has a one year low of $25.40 and a one year high of $36.15.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.17. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $69.24 million. Computer Programs & Systems had a negative net margin of 6.29% and a positive return on equity of 12.06%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. equities analysts anticipate that Computer Programs & Systems will post 1.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, February 21st. Computer Programs & Systems’s dividend payout ratio (DPR) is -31.50%.

In related news, Director Glenn Tobin purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was bought at an average cost of $29.38 per share, with a total value of $102,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher L. Fowler sold 4,000 shares of the stock in a transaction dated 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. Corporate insiders own 3.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CPSI. Dalton Greiner Hartman Maher & Co. raised its stake in Computer Programs & Systems by 300.6% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 107,119 shares of the company’s stock worth $3,219,000 after buying an additional 80,382 shares in the last quarter. LSV Asset Management bought a new position in Computer Programs & Systems in the fourth quarter worth about $1,691,000. Wasatch Advisors Inc. raised its stake in Computer Programs & Systems by 35.0% in the fourth quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock worth $6,010,000 after buying an additional 51,814 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Computer Programs & Systems by 502.5% in the second quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock worth $1,913,000 after buying an additional 48,636 shares in the last quarter. Finally, Systematic Financial Management LP bought a new position in Computer Programs & Systems in the fourth quarter worth about $1,356,000. 96.21% of the stock is owned by institutional investors.

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Computer Programs & 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 & Systems (NASDAQ:CPSI)

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