Computer Programs & Systems (NASDAQ:CPSI) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a sell rating to a hold rating in a report issued on Wednesday morning, ValuEngine reports.

Several other analysts have also recently commented on the stock. Dougherty & Co upgraded shares of Computer Programs & Systems from a neutral rating to a buy rating and set a $26.00 price target on the stock in a research note on Tuesday. SunTrust Banks decreased their price target on shares of Computer Programs & Systems from $30.00 to $25.00 and set a hold rating on the stock in a research note on Friday, August 23rd. TheStreet cut shares of Computer Programs & Systems from a b rating to a c+ rating in a research note on Tuesday, August 6th. Cantor Fitzgerald set a $26.00 price target on shares of Computer Programs & Systems and gave the stock a hold rating in a research note on Wednesday, August 7th. Finally, BidaskClub cut shares of Computer Programs & Systems from a sell rating to a strong sell rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $27.41.

CPSI stock traded down $0.22 during mid-day trading on Wednesday, hitting $23.81. The company had a trading volume of 107,451 shares, compared to its average volume of 129,230. The company has a market capitalization of $344.95 million, a price-to-earnings ratio of 12.27, a P/E/G ratio of 2.15 and a beta of 0.53. Computer Programs & Systems has a 12-month low of $20.72 and a 12-month high of $34.00. The company has a quick ratio of 1.55, a current ratio of 1.60 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $23.00 and a 200 day moving average price of $27.16.



Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.32 by $0.18. The business had revenue of $66.16 million for the quarter, compared to analysts’ expectations of $68.74 million. Computer Programs & Systems had a net margin of 6.66% and a return on equity of 14.04%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. As a group, analysts expect that Computer Programs & Systems will post 0.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, August 15th. Computer Programs & Systems’s dividend payout ratio is 20.62%.

In other news, insider John B. Douglas, Jr. sold 2,605 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $27.51, for a total transaction of $71,663.55. Following the sale, the insider now directly owns 240,568 shares in the company, valued at approximately $6,618,025.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Troy D. Rosser sold 5,620 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $21.21, for a total transaction of $119,200.20. Following the sale, the senior vice president now owns 41,509 shares in the company, valued at $880,405.89. The disclosure for this sale can be found here. Insiders have sold a total of 10,830 shares of company stock worth $264,533 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Computer Programs & Systems by 216.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,561 shares of the company’s stock valued at $76,000 after buying an additional 1,752 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Computer Programs & Systems during the 1st quarter valued at about $227,000. Texas Permanent School Fund bought a new position in Computer Programs & Systems during the 1st quarter valued at about $241,000. GSA Capital Partners LLP grew its holdings in Computer Programs & Systems by 12.4% during the 2nd quarter. GSA Capital Partners LLP now owns 9,564 shares of the company’s stock valued at $266,000 after purchasing an additional 1,052 shares during the last quarter. Finally, Laurion Capital Management LP bought a new position in Computer Programs & Systems during the 1st quarter valued at about $290,000. Hedge funds and other institutional investors own 79.18% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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