Zacks Investment Research upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Computer Programs and Systems, Inc has been serving the information technology needs of community healthcare providers for over twenty-seven years. Headquartered in Mobile, Alabama, the company provides a complete health information and patient care system that encompasses the full spectrum of financial and clinical applications. The CPSI System provides the most comprehensive single-source electronic medical record available and allows the realization of a true enterprise-wide electronic medical record. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital. “

A number of other research analysts have also commented on CPSI. Dougherty & Co reissued a buy rating and set a $18.50 price target (up from $17.00) on shares of Ultra Clean in a report on Friday, May 3rd. Wells Fargo & Co lowered Mylan from an outperform rating to a market perform rating and lowered their price target for the company from $33.00 to $22.00 in a report on Tuesday, May 7th. SunTrust Banks raised their price target on Everbridge to $87.00 and gave the company a buy rating in a report on Tuesday, May 7th. BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Thursday, July 4th. Finally, ValuEngine raised ZIX from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Computer Programs & Systems has an average rating of Hold and an average target price of $29.01.

Shares of CPSI opened at $27.91 on Tuesday. The firm has a market capitalization of $397.93 million, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.81 and a beta of 0.43. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.71 and a quick ratio of 1.67. Computer Programs & Systems has a one year low of $23.81 and a one year high of $34.55. The company’s fifty day simple moving average is $26.67.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The business had revenue of $69.14 million for the quarter, compared to analyst estimates of $70.81 million. Computer Programs & Systems had a net margin of 6.14% and a return on equity of 15.09%. Computer Programs & Systems’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. On average, research analysts expect that Computer Programs & Systems will post 1.49 earnings per share for the current fiscal year.

In related news, CFO Matt J. Chambless sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $28.66, for a total transaction of $286,600.00. Following the completion of the transaction, the chief financial officer now owns 43,185 shares of the company’s stock, valued at $1,237,682.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Victor S. Schneider sold 7,126 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $26.57, for a total value of $189,337.82. Following the transaction, the insider now directly owns 58,179 shares of the company’s stock, valued at approximately $1,545,816.03. The disclosure for this sale can be found here. Insiders have sold 38,605 shares of company stock valued at $1,069,138 in the last ninety days. Company insiders own 12.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CPSI. Rhumbline Advisers lifted its stake in Computer Programs & Systems by 19.8% in the fourth quarter. Rhumbline Advisers now owns 34,418 shares of the company’s stock worth $864,000 after acquiring an additional 5,695 shares during the last quarter. Prudential Financial Inc. lifted its stake in Computer Programs & Systems by 4.8% in the fourth quarter. Prudential Financial Inc. now owns 20,735 shares of the company’s stock worth $520,000 after acquiring an additional 941 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Computer Programs & Systems in the fourth quarter worth approximately $153,000. BlackRock Inc. lifted its stake in Computer Programs & Systems by 3.8% in the fourth quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock worth $46,244,000 after acquiring an additional 67,161 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Computer Programs & Systems in the fourth quarter worth approximately $246,000. Institutional investors and hedge funds own 79.14% of the company’s stock.

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 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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