Computer Programs & Systems, Inc. (NASDAQ:CPSI) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.83.

Several equities research analysts have recently issued reports on CPSI shares. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating and set a $32.00 price objective on the stock in a report on Wednesday, November 7th. BidaskClub upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Cantor Fitzgerald reiterated a “hold” rating and issued a $28.00 target price on shares of Computer Programs & Systems in a report on Thursday, November 1st. SunTrust Banks reiterated a “hold” rating and issued a $30.00 target price on shares of Computer Programs & Systems in a report on Thursday, August 9th. Finally, Robert W. Baird reduced their target price on Computer Programs & Systems from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, August 7th.

In related news, major shareholder Francisco Partners Gp Ii, Lp sold 42,590 shares of Computer Programs & Systems stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $25.57, for a total value of $1,089,026.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Computer Programs & Systems by 10.6% in the second quarter. BlackRock Inc. now owns 1,672,512 shares of the company’s stock valued at $55,026,000 after purchasing an additional 159,898 shares during the period. Renaissance Technologies LLC purchased a new position in Computer Programs & Systems in the second quarter valued at about $1,842,000. BP PLC purchased a new position in Computer Programs & Systems in the third quarter valued at about $253,000. Schwab Charles Investment Management Inc. raised its position in Computer Programs & Systems by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 158,011 shares of the company’s stock valued at $5,199,000 after purchasing an additional 7,522 shares during the period. Finally, KBC Group NV purchased a new position in Computer Programs & Systems in the second quarter valued at about $170,000. 86.67% of the stock is currently owned by institutional investors.

Shares of CPSI stock traded down $1.03 during mid-day trading on Friday, hitting $26.02. 84,128 shares of the company’s stock were exchanged, compared to its average volume of 169,309. Computer Programs & Systems has a fifty-two week low of $24.57 and a fifty-two week high of $34.65. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $375.81 million, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.42 and a beta of -0.03.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.31. Computer Programs & Systems had a positive return on equity of 16.74% and a negative net margin of 4.02%. The business had revenue of $69.30 million for the quarter, compared to analysts’ expectations of $70.87 million. During the same quarter last year, the firm earned $0.43 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Computer Programs & Systems will post 1.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, November 14th. Computer Programs & Systems’s payout ratio is currently 30.08%.

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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