Today, The Zacks Investment Research Upgraded Computer Programs and Systems Inc. (CPSI) to Hold

Today, The Zacks Investment Research Upgraded Computer Programs and Systems Inc. (CPSI) to Hold
Computer Programs and Systems Inc. (NASDAQ:CPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

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. “

Several other research analysts have also recently weighed in on the stock. FBR & Co reduced their price target on shares of Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, August 5th. Deutsche Bank AG cut shares of Computer Programs and Systems from a “hold” rating to a “sell” rating and reduced their price target for the company from $47.00 to $22.00 in a report on Friday, August 5th. KeyCorp reduced their price target on shares of Computer Programs and Systems from $35.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, August 16th. SunTrust Banks Inc. cut shares of Computer Programs and Systems from a “buy” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $35.00 in a report on Friday, August 5th. Finally, Leerink Swann reiterated a “market perform” rating and issued a $25.00 price target (down previously from $26.00) on shares of Computer Programs and Systems in a report on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Computer Programs and Systems presently has a consensus rating of “Hold” and a consensus price target of $39.73.

Computer Programs and Systems (NASDAQ:CPSI) opened at 25.40 on Wednesday. The company has a market cap of $338.96 million, a P/E ratio of 61.35 and a beta of 0.37. Computer Programs and Systems has a one year low of $18.25 and a one year high of $59.16. The company has a 50-day moving average of $25.36 and a 200 day moving average of $32.39.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.15. The firm had revenue of $64.70 million for the quarter, compared to analyst estimates of $67.70 million. Computer Programs and Systems had a net margin of 2.16% and a return on equity of 13.45%. The firm’s revenue for the quarter was up 45.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. Equities research analysts predict that Computer Programs and Systems will post $1.74 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 17th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, November 15th. Computer Programs and Systems’s dividend payout ratio (DPR) is currently 218.18%.

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in shares of Computer Programs and Systems by 80.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,517 shares of the company’s stock valued at $140,000 after buying an additional 1,567 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Computer Programs and Systems by 8.3% in the third quarter. BlackRock Advisors LLC now owns 5,962 shares of the company’s stock valued at $155,000 after buying an additional 457 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Computer Programs and Systems during the third quarter valued at $195,000. Victory Capital Management Inc. raised its position in shares of Computer Programs and Systems by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,958 shares of the company’s stock valued at $198,000 after buying an additional 742 shares during the last quarter. Finally, Nuveen Fund Advisors LLC bought a new position in shares of Computer Programs and Systems during the second quarter valued at $210,000. 93.22% of the stock is currently owned by institutional investors.

Computer Programs and Systems Company Profile

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals and post-acute care facilities. The Company provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations.

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