BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a hold rating to a buy rating in a report released on Monday morning.

CPSI has been the topic of several other research reports. Zacks Investment Research upgraded shares of Computer Programs & Systems from a hold rating to a buy rating and set a $30.00 price objective on the stock in a report on Wednesday, January 16th. Cantor Fitzgerald reiterated a hold rating and issued a $32.00 target price on shares of Computer Programs & Systems in a research report on Friday. Finally, ValuEngine upgraded Computer Programs & Systems from a sell rating to a hold rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $28.00.

CPSI opened at $33.00 on Monday. Computer Programs & Systems has a 52-week low of $23.81 and a 52-week high of $34.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.77 and a current ratio of 1.80. The stock has a market cap of $464.84 million, a PE ratio of 24.81, a P/E/G ratio of 1.63 and a beta of 0.18.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Friday, February 15th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.20. Computer Programs & Systems had a negative net margin of 4.02% and a positive return on equity of 16.74%. The firm had revenue of $72.30 million for the quarter, compared to the consensus estimate of $74.06 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, analysts anticipate that Computer Programs & Systems will post 1.85 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CPSI. Mondrian Investment Partners LTD boosted its position in Computer Programs & Systems by 0.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 104,609 shares of the company’s stock worth $2,626,000 after purchasing an additional 376 shares in the last quarter. KBC Group NV boosted its position in Computer Programs & Systems by 1.7% in the 4th quarter. KBC Group NV now owns 24,351 shares of the company’s stock worth $611,000 after purchasing an additional 406 shares in the last quarter. Principal Financial Group Inc. boosted its position in Computer Programs & Systems by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 97,201 shares of the company’s stock worth $2,440,000 after purchasing an additional 527 shares in the last quarter. Legal & General Group Plc boosted its position in Computer Programs & Systems by 2.2% in the 4th quarter. Legal & General Group Plc now owns 26,072 shares of the company’s stock worth $656,000 after purchasing an additional 562 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in Computer Programs & Systems by 9.1% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,543 shares of the company’s stock worth $265,000 after purchasing an additional 883 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Computer Programs & Systems

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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