Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $29.40.

Several equities research analysts have weighed in on CPSI shares. SunTrust Banks restated a “hold” rating and issued a $32.00 price objective (down previously from $35.00) on shares of Computer Programs & Systems in a research report on Thursday, September 14th. KeyCorp restated a “sell” rating and issued a $21.00 price objective on shares of Computer Programs & Systems in a research report on Friday, September 22nd. Cantor Fitzgerald restated a “hold” rating and issued a $28.00 price objective on shares of Computer Programs & Systems in a research report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $30.00 price objective on shares of Computer Programs & Systems in a research report on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th.

Computer Programs & Systems (CPSI) traded up $0.30 on Tuesday, reaching $30.25. 39,578 shares of the company’s stock traded hands, compared to its average volume of 62,789. 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 firm has a market cap of $416.12, a PE ratio of 67.22, a PEG ratio of 1.90 and a beta of 0.13. Computer Programs & Systems has a 52-week low of $21.60 and a 52-week 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 for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $67.11 million during the quarter, compared to analyst estimates of $68.68 million. Computer Programs & Systems had a net margin of 2.32% and a return on equity of 10.01%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. sell-side analysts expect that Computer Programs & Systems will post 1.27 EPS for the current fiscal year.

In other Computer Programs & Systems news, Director Glenn Tobin purchased 3,500 shares of the stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $29.38 per share, for a total transaction of $102,830.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of Computer Programs & Systems 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 owned by insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Computer Programs & Systems by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock worth $38,925,000 after buying an additional 41,138 shares during the period. State Street Corp grew its position in shares of Computer Programs & Systems by 3.3% during the 2nd quarter. State Street Corp now owns 282,370 shares of the company’s stock worth $9,264,000 after buying an additional 8,914 shares during the period. Bank of New York Mellon Corp grew its position in shares of Computer Programs & Systems by 10.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 264,579 shares of the company’s stock worth $7,819,000 after buying an additional 25,106 shares during the period. Kennedy Capital Management Inc. grew its holdings in Computer Programs & Systems by 35.7% during the second quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock valued at $7,458,000 after purchasing an additional 59,807 shares during the period. Finally, Northern Trust Corp grew its holdings in Computer Programs & Systems by 9.1% during the second quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock valued at $5,365,000 after purchasing an additional 13,662 shares during the period. Institutional investors own 95.25% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Analysts Set Computer Programs & Systems, Inc. (CPSI) Target Price at $29.40” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/analysts-set-computer-programs-systems-inc-cpsi-target-price-at-29-40/1804955.html.

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)

Receive News & Ratings for Computer Programs & Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs & Systems and related companies with MarketBeat.com's FREE daily email newsletter.