Computer Programs and Systems’ (CPSI) “Hold” Rating Reaffirmed at Robert W. Baird
Robert W. Baird restated their hold rating on shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) in a research note released on Thursday morning. The firm currently has a $30.00 price objective on the stock.
Several other research firms have also commented 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 reiterated a hold rating and issued a $24.00 target price 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. BidaskClub lowered Computer Programs and Systems from a sell rating to a strong sell rating in a research note on Monday, August 14th. Finally, Dougherty & Co upped their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $28.43.
Computer Programs and Systems (NASDAQ CPSI) traded down 0.83% during trading on Thursday, hitting $29.85. The stock had a trading volume of 11,478 shares. Computer Programs and Systems has a one year low of $18.25 and a one year high of $36.15. The stock’s 50-day moving average is $30.30 and its 200 day moving average is $29.93. The firm has a market cap of $400.86 million, a price-to-earnings ratio of 76.93 and a beta of 0.23.
Computer Programs and Systems (NASDAQ:CPSI) last released its earnings results 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 during the quarter, compared to analyst estimates of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. Equities analysts anticipate that Computer Programs and Systems will post $1.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, August 15th. This is an increase from Computer Programs and Systems’s previous quarterly dividend of $0.20. Computer Programs and Systems’s payout ratio is 300.00%.
In other Computer Programs and Systems news, insider David A. Dye sold 3,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $29.01, for a total transaction of $87,030.00. Following the completion of the sale, the insider now owns 61,568 shares of the company’s stock, valued at $1,786,087.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Victor S. Schneider sold 5,700 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $33.18, for a total value of $189,126.00. Following the sale, the insider now directly owns 43,352 shares of the company’s stock, valued at approximately $1,438,419.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,235 shares of company stock valued at $528,015. 3.70% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of CPSI. BNP Paribas Arbitrage SA increased its stake in 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 buying an additional 1,667 shares during the period. OppenheimerFunds Inc. purchased a new stake in Computer Programs and Systems during the first quarter worth about $210,000. Thrivent Financial For Lutherans purchased a new stake in Computer Programs and Systems during the second quarter worth about $211,000. Voya Investment Management LLC purchased a new stake in Computer Programs and Systems during the second quarter worth about $211,000. Finally, Texas Permanent School Fund bought a new stake in shares of Computer Programs and Systems during the first quarter valued at $217,000.
Computer Programs and 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).
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