BidaskClub cut shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) from a sell rating to a strong sell rating in a report published on Tuesday morning.

A number of other brokerages also recently issued reports on CPSI. Zacks Investment Research upgraded Computer Programs and Systems from a sell rating to a hold rating in a research note on Friday, May 5th. Cantor Fitzgerald restated a hold rating and issued a $24.00 price objective on shares of Computer Programs and Systems in a research note on Friday, May 5th. ValuEngine upgraded Computer Programs and Systems from a sell rating to a hold rating in a research note on Tuesday, June 6th. Dougherty & Co upped their price objective on Computer Programs and Systems from $32.00 to $36.00 and gave the company a buy rating in a research note on Monday, May 15th. Finally, Robert W. Baird restated a neutral rating and issued a $30.00 price objective (up previously from $27.00) on shares of Computer Programs and Systems in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $28.70.

Shares of Computer Programs and Systems (CPSI) traded down 1.14% during midday trading on Tuesday, reaching $30.30. The company’s stock had a trading volume of 56,440 shares. The stock has a market cap of $406.38 million, a PE ratio of 69.98 and a beta of 0.24. Computer Programs and Systems has a one year low of $18.25 and a one year high of $40.28. The firm has a 50-day moving average of $32.18 and a 200-day moving average of $28.77.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $66.10 million. Computer Programs and Systems had a net margin of 2.23% and a return on equity of 10.09%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, analysts forecast that Computer Programs and Systems will post $1.69 EPS for the current year.

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In related news, COO Christopher L. Fowler sold 837 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $34.90, for a total transaction of $29,211.30. Following the sale, the chief operating officer now owns 32,145 shares of the company’s stock, valued at approximately $1,121,860.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James B. Britain sold 5,035 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $32.66, for a total value of $164,443.10. Following the sale, the vice president now directly owns 12,561 shares in the company, valued at approximately $410,242.26. The disclosure for this sale can be found here. Insiders have sold a total of 13,235 shares of company stock worth $440,985 in the last three months. 3.70% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of CPSI. OppenheimerFunds Inc. bought a new stake in shares of Computer Programs and Systems during the first quarter worth about $210,000. Leavell Investment Management Inc. bought a new stake in shares of Computer Programs and Systems during the first quarter worth about $212,000. Texas Permanent School Fund bought a new stake in shares of Computer Programs and Systems during the first quarter worth about $217,000. State of Tennessee Treasury Department boosted its stake in shares of Computer Programs and Systems by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 9,769 shares of the company’s stock worth $274,000 after buying an additional 1,474 shares during the period. Finally, Eqis Capital Management Inc. bought a new stake in shares of Computer Programs and Systems during the second quarter worth about $309,000.

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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