Computer Programs and Systems, Inc. (NASDAQ:CPSI)‘s stock had its “sell” rating reiterated by research analysts at KeyCorp in a research note issued to investors on Friday. They currently have a $21.00 price target on the stock. KeyCorp’s price target points to a potential downside of 26.44% from the stock’s previous close.

Several other brokerages have also recently commented on CPSI. Zacks Investment Research cut shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $30.00 target price 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. BidaskClub cut shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $32.00 target price (down from $35.00) on shares of Computer Programs and Systems in a report on Thursday, September 14th. Two 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. Computer Programs and Systems currently has a consensus rating of “Hold” and an average target price of $29.14.

Shares of Computer Programs and Systems (CPSI) opened at 28.55 on Friday. Computer Programs and Systems has a 1-year low of $18.25 and a 1-year high of $36.15. The stock has a 50 day moving average price of $29.43 and a 200 day moving average price of $30.18. The company has a market capitalization of $383.40 million, a price-to-earnings ratio of 73.58 and a beta of 0.23.

Computer Programs and Systems (NASDAQ:CPSI) last announced 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). Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The business had revenue of $67.70 million for the quarter, compared to the consensus estimate of $69.56 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts forecast that Computer Programs and Systems will post $1.65 earnings per share for the current year.

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In related 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 value of $90,090.00. Following the transaction, the insider now directly owns 58,568 shares of the company’s stock, valued at $1,758,797.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor S. Schneider sold 5,700 shares of Computer Programs and Systems stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $33.18, for a total transaction of $189,126.00. Following the completion of the transaction, the insider now directly owns 43,352 shares in the company, valued at $1,438,419.36. The disclosure for this sale can be found here. Insiders sold 16,735 shares of company stock worth $530,689 over the last three months. 3.70% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in CPSI. Teachers Advisors LLC increased its stake in Computer Programs and Systems by 49.4% in the fourth quarter. Teachers Advisors LLC now owns 39,742 shares of the company’s stock valued at $938,000 after acquiring an additional 13,135 shares during the last quarter. Wells Fargo & Company MN increased its stake in Computer Programs and Systems by 1.9% in the first 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 last quarter. Great West Life Assurance Co. Can increased its stake in Computer Programs and Systems by 13.3% in the first 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 last quarter. Bank of New York Mellon Corp increased its stake in Computer Programs and Systems by 5.6% in the first 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 last quarter. Finally, Comerica Bank increased its stake in Computer Programs and Systems by 7.0% in the first 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 last quarter.

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).

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

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