Computer Programs and Systems, Inc. (NASDAQ:CPSI) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $28.67.

CPSI has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. KeyCorp reissued a “sell” rating and issued a $21.00 price target on shares of Computer Programs and Systems in a report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $30.00 price target on shares of Computer Programs and Systems in a report on Thursday, August 31st. ValuEngine raised shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, BidaskClub downgraded shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.

Computer Programs and Systems (NASDAQ:CPSI) traded up 1.34% during mid-day trading on Friday, hitting $30.35. 130,484 shares of the stock were exchanged. Computer Programs and Systems has a 52 week low of $18.25 and a 52 week high of $36.15. The stock’s 50-day moving average is $29.03 and its 200 day moving average is $30.36. The company has a market capitalization of $407.57 million, a PE ratio of 78.22 and a beta of 0.19.

Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.05). The business had revenue of $67.70 million for the quarter, compared to analysts’ expectations of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. Computer Programs and Systems’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, analysts anticipate that Computer Programs and Systems will post $1.65 EPS for the current year.

In related news, insider David A. Dye sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.03, for a total value of $90,090.00. Following the transaction, the insider now directly owns 58,568 shares in the company, valued at $1,758,797.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CPSI. BNP Paribas Arbitrage SA increased its position in shares of Computer Programs and Systems by 77.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock worth $125,000 after purchasing an additional 1,667 shares during the last quarter. OppenheimerFunds Inc. bought a new position in Computer Programs and Systems during the first quarter valued at approximately $210,000. Thrivent Financial For Lutherans bought a new position in Computer Programs and Systems during the second quarter valued at approximately $211,000. Voya Investment Management LLC bought a new position in Computer Programs and Systems during the second quarter valued at approximately $211,000. Finally, Texas Permanent School Fund bought a new position in Computer Programs and Systems during the first quarter valued at approximately $217,000.

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About Computer Programs and 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).

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

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