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

Several other equities research analysts have also commented on the company. KeyCorp cut their target price on Computer Programs & Systems from $23.00 to $21.00 and set an underweight rating on the stock in a research report on Friday, August 3rd. ValuEngine upgraded Computer Programs & Systems from a sell rating to a hold rating in a research report on Saturday, June 16th. Zacks Investment Research upgraded Computer Programs & Systems from a hold rating to a strong-buy rating and set a $37.00 target price on the stock in a research report on Tuesday, May 22nd. Piper Jaffray Companies cut their target price on Computer Programs & Systems to $29.00 and set a neutral rating on the stock in a research report on Friday, August 3rd. Finally, SunTrust Banks restated a hold rating and set a $30.00 target price on shares of Computer Programs & Systems in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $29.33.

NASDAQ CPSI opened at $27.10 on Tuesday. Computer Programs & Systems has a 12 month low of $25.15 and a 12 month high of $34.65. The stock has a market capitalization of $372.57 million, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.51 and a beta of -0.04. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.65 and a current ratio of 1.69.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.23). Computer Programs & Systems had a negative net margin of 5.27% and a positive return on equity of 13.62%. The company had revenue of $67.91 million during the quarter, compared to the consensus estimate of $72.33 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. equities research analysts expect that Computer Programs & Systems will post 1.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 16th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. Computer Programs & Systems’s payout ratio is 30.08%.

Several institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its position in shares of Computer Programs & Systems by 5.4% during the 2nd quarter. California Public Employees Retirement System now owns 37,855 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,955 shares in the last quarter. Rhumbline Advisers boosted its holdings in Computer Programs & Systems by 7.6% in the second quarter. Rhumbline Advisers now owns 28,858 shares of the company’s stock worth $949,000 after acquiring an additional 2,030 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Computer Programs & Systems by 2.5% in the first quarter. Principal Financial Group Inc. now owns 85,430 shares of the company’s stock worth $2,495,000 after acquiring an additional 2,054 shares in the last quarter. Barclays PLC boosted its holdings in Computer Programs & Systems by 131.1% in the first quarter. Barclays PLC now owns 4,396 shares of the company’s stock worth $128,000 after acquiring an additional 2,494 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Computer Programs & Systems by 40.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 9,660 shares of the company’s stock worth $318,000 after acquiring an additional 2,780 shares in the last quarter. Institutional investors own 89.74% 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 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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