Computer Programs & Systems (CPSI) Upgraded to “Buy” by BidaskClub

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

CPSI has been the topic of several other reports. Zacks Investment Research upgraded Computer Programs & Systems from a hold rating to a buy rating and set a $29.00 price target on the stock in a research report on Thursday, February 7th. TheStreet upgraded Computer Programs & Systems from a c- rating to a b- rating in a research report on Friday, February 15th. ValuEngine upgraded Computer Programs & Systems from a sell rating to a hold rating in a research report on Monday, February 4th. Cantor Fitzgerald reiterated a hold rating and set a $32.00 price target on shares of Computer Programs & Systems in a research report on Friday, February 15th. Finally, SunTrust Banks upped their price target on Computer Programs & Systems to $35.00 and gave the company a hold rating in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Computer Programs & Systems has a consensus rating of Hold and a consensus price target of $28.83.

Shares of CPSI traded down $2.57 during midday trading on Tuesday, hitting $27.48. 2,097 shares of the company traded hands, compared to its average volume of 133,090. Computer Programs & Systems has a one year low of $23.81 and a one year high of $34.65. The stock has a market cap of $430.77 million, a PE ratio of 14.36, a P/E/G ratio of 1.85 and a beta of 0.25. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 0.78.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). Computer Programs & Systems had a net margin of 6.29% and a return on equity of 17.65%. The company had revenue of $69.14 million for the quarter, compared to the consensus estimate of $70.81 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that Computer Programs & Systems will post 1.59 earnings per share for the current fiscal year.

In related news, insider David A. Dye sold 1,502 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $29.53, for a total value of $44,354.06. Following the transaction, the insider now directly owns 83,203 shares in the company, valued at $2,456,984.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CPSI. Oregon Public Employees Retirement Fund bought a new position in shares of Computer Programs & Systems in the fourth quarter worth approximately $26,000. Millennium Management LLC bought a new position in shares of Computer Programs & Systems in the fourth quarter worth approximately $9,872,000. River Road Asset Management LLC increased its position in shares of Computer Programs & Systems by 27.4% in the fourth quarter. River Road Asset Management LLC now owns 674,162 shares of the company’s stock worth $16,921,000 after purchasing an additional 144,857 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Computer Programs & Systems in the fourth quarter worth approximately $3,545,000. Finally, BlackRock Inc. increased its position in shares of Computer Programs & Systems by 6.1% in the third quarter. BlackRock Inc. now owns 1,775,310 shares of the company’s stock worth $47,669,000 after purchasing an additional 102,798 shares during the last quarter. Institutional investors own 80.25% 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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