Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $29.40.

Several equities research analysts have issued reports on CPSI shares. Zacks Investment Research raised Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and issued a $32.00 price objective (down previously from $35.00) on shares of Computer Programs & Systems in a report on Thursday, September 14th. Robert W. Baird reiterated a “hold” rating and issued a $30.00 price objective on shares of Computer Programs & Systems in a report on Thursday, August 31st. Cantor Fitzgerald reiterated a “hold” rating and issued a $28.00 price objective on shares of Computer Programs & Systems in a report on Tuesday, September 26th. Finally, KeyCorp reiterated a “sell” rating and issued a $21.00 price objective on shares of Computer Programs & Systems in a report on Friday, September 22nd.

In other Computer Programs & Systems news, Director Glenn Tobin purchased 3,500 shares of Computer Programs & Systems stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average price of $29.38 per share, for a total transaction of $102,830.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in CPSI. Kennedy Capital Management Inc. increased its holdings in Computer Programs & Systems by 35.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock valued at $7,458,000 after purchasing an additional 59,807 shares during the period. JPMorgan Chase & Co. increased its holdings in Computer Programs & Systems by 502.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock valued at $1,913,000 after purchasing an additional 48,636 shares during the period. Wasatch Advisors Inc. grew its holdings in shares of Computer Programs & Systems by 71.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 113,186 shares of the company’s stock worth $3,713,000 after acquiring an additional 47,000 shares during the period. Vanguard Group Inc. grew its holdings in shares of Computer Programs & Systems by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock worth $38,925,000 after acquiring an additional 41,138 shares during the period. Finally, Bridge City Capital LLC purchased a new position in shares of Computer Programs & Systems during the 2nd quarter worth approximately $1,322,000. Institutional investors own 95.25% of the company’s stock.

Shares of Computer Programs & Systems (NASDAQ CPSI) traded up $0.10 during mid-day trading on Friday, reaching $29.75. The company’s stock had a trading volume of 40,571 shares, compared to its average volume of 106,000. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.24. Computer Programs & Systems has a 52-week low of $21.60 and a 52-week high of $36.15. The company has a market capitalization of $408.56, a price-to-earnings ratio of 24.96, a P/E/G ratio of 2.19 and a beta of 0.13.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Computer Programs & Systems had a return on equity of 10.01% and a net margin of 2.32%. The firm had revenue of $67.11 million for the quarter, compared to the consensus estimate of $68.68 million. During the same period last year, the firm earned $0.34 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. equities analysts expect that Computer Programs & Systems will post 1.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were issued a $0.10 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.34%. Computer Programs & Systems’s dividend payout ratio is currently 88.89%.

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About Computer Programs & 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 & Systems (NASDAQ:CPSI)

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