Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) have been given an average rating of “Hold” by the nine analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $28.80.

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Computer Programs & Systems from a “c-” rating to a “b-” rating in a research note on Friday, February 15th. Cantor Fitzgerald reiterated a “hold” rating and set a $32.00 price objective on shares of Computer Programs & Systems in a research note on Friday, February 15th. BidaskClub upgraded shares of Computer Programs & Systems from a “hold” rating to a “buy” rating in a research note on Monday, February 18th. SunTrust Banks increased their price objective on shares of Computer Programs & Systems to $35.00 and gave the company a “hold” rating in a research note on Thursday, February 21st. Finally, Zacks Investment Research downgraded shares of Computer Programs & Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th.

NASDAQ CPSI opened at $30.63 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.78 and a current ratio of 1.82. Computer Programs & Systems has a 52-week low of $23.81 and a 52-week high of $34.65. The company has a market cap of $439.23 million, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.82 and a beta of 0.24.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings data on Friday, February 15th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.20. Computer Programs & Systems had a net margin of 6.29% and a return on equity of 17.65%. The firm had revenue of $72.30 million for the quarter, compared to the consensus estimate of $74.06 million. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. On average, equities analysts predict that Computer Programs & Systems will post 1.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.31%. Computer Programs & Systems’s payout ratio is 20.62%.

In related news, insider David A. Dye sold 1,502 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $29.53, for a total transaction of $44,354.06. Following the completion of the sale, the insider now owns 83,203 shares of the company’s stock, valued at $2,456,984.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.30% of the company’s stock.

A number of large investors have recently bought and sold shares of CPSI. Ledyard National Bank purchased a new stake in Computer Programs & Systems during the fourth quarter valued at approximately $25,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Computer Programs & Systems in the fourth quarter worth $26,000. Financial Gravity Companies Inc. purchased a new position in shares of Computer Programs & Systems in the fourth quarter worth $43,000. Quantamental Technologies LLC purchased a new position in shares of Computer Programs & Systems in the fourth quarter worth $49,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Computer Programs & Systems in the fourth quarter worth $86,000. 80.75% of the stock is owned by institutional investors.

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.

Further Reading: Insider Trading

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

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