Computer Programs & Systems (NASDAQ:CPSI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently commented on the stock. ValuEngine upgraded shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 14th. SunTrust Banks reiterated a “hold” rating and set a $30.00 target price on shares of Computer Programs & Systems in a research note on Thursday, August 9th. Robert W. Baird cut their target price on shares of Computer Programs & Systems from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, August 7th. Piper Jaffray Companies cut their target price on shares of Computer Programs & Systems to $29.00 and set a “neutral” rating for the company in a research note on Friday, August 3rd. Finally, KeyCorp cut their target price on shares of Computer Programs & Systems from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $29.33.

NASDAQ:CPSI opened at $27.45 on Friday. The firm has a market cap of $386.66 million, a P/E ratio of 18.80, a P/E/G ratio of 1.75 and a beta of -0.10. Computer Programs & Systems has a one year low of $25.15 and a one year high of $34.65. The company has a quick ratio of 1.65, a current ratio of 1.69 and a debt-to-equity ratio of 0.92.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, August 2nd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.23). The company had revenue of $67.91 million for the quarter, compared to analyst estimates of $72.33 million. Computer Programs & Systems had a negative net margin of 5.27% and a positive return on equity of 13.62%. Computer Programs & Systems’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. analysts forecast that Computer Programs & Systems will post 1.52 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in CPSI. Barclays PLC increased its holdings in Computer Programs & Systems by 131.1% in the 1st quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after buying an additional 2,494 shares during the period. SG Americas Securities LLC bought a new stake in Computer Programs & Systems in the 2nd quarter valued at $139,000. KBC Group NV bought a new stake in Computer Programs & Systems in the 2nd quarter valued at $170,000. Robecosam AG increased its holdings in Computer Programs & Systems by 70.0% in the 1st quarter. Robecosam AG now owns 7,400 shares of the company’s stock valued at $216,000 after buying an additional 3,047 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Computer Programs & Systems in the 1st quarter valued at $229,000. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

Computer Programs & Systems Company Profile

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as helps to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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

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