Zacks Investment Research lowered shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) from a hold rating to a sell rating in a research report released on Tuesday.

According to Zacks, “Computer Programs and Systems, Inc has been serving the information technology needs of community healthcare providers for over twenty-seven years. Headquartered in Mobile, Alabama, the company provides a complete health information and patient care system that encompasses the full spectrum of financial and clinical applications. The CPSI System provides the most comprehensive single-source electronic medical record available and allows the realization of a true enterprise-wide electronic medical record. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital. “

Several other analysts also recently weighed in on CPSI. SunTrust Banks, Inc. reissued a hold rating and set a $32.00 target price (down previously from $35.00) on shares of Computer Programs and Systems in a research report on Thursday, September 14th. Robert W. Baird reissued a hold rating and set a $30.00 target price on shares of Computer Programs and Systems in a research report on Thursday, August 31st. Cantor Fitzgerald reissued a hold rating and set a $28.00 target price on shares of Computer Programs and Systems in a research report on Tuesday, September 26th. BidaskClub downgraded shares of Computer Programs and Systems from a hold rating to a sell rating in a research report on Thursday, July 6th. Finally, KeyCorp reissued a sell rating and set a $21.00 target price on shares of Computer Programs and Systems in a research report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $29.71.

Shares of Computer Programs and Systems (NASDAQ:CPSI) traded up 0.65% on Tuesday, reaching $31.00. 48,333 shares of the company were exchanged. The firm’s 50 day moving average price is $29.25 and its 200 day moving average price is $30.50. Computer Programs and Systems has a 52 week low of $18.25 and a 52 week high of $36.15. The stock has a market capitalization of $416.30 million, a price-to-earnings ratio of 79.90 and a beta of 0.19.

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

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In other Computer Programs and Systems news, insider David A. Dye sold 3,000 shares of Computer Programs and Systems stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.03, for a total transaction of $90,090.00. Following the completion of the sale, the insider now directly owns 58,568 shares in the company, valued at approximately $1,758,797.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPSI. Wells Fargo & Company MN lifted its stake in Computer Programs and Systems by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 68,248 shares of the company’s stock valued at $1,911,000 after acquiring an additional 1,305 shares during the period. Great West Life Assurance Co. Can lifted its stake in Computer Programs and Systems by 13.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,345 shares of the company’s stock valued at $430,000 after acquiring an additional 1,799 shares during the period. Bank of New York Mellon Corp lifted its stake in Computer Programs and Systems by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 231,501 shares of the company’s stock valued at $6,481,000 after acquiring an additional 12,313 shares during the period. Comerica Bank lifted its stake in Computer Programs and Systems by 7.0% during the 1st quarter. Comerica Bank now owns 12,577 shares of the company’s stock valued at $343,000 after acquiring an additional 820 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Computer Programs and Systems during the 1st quarter valued at approximately $468,000.

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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