StockNews.com lowered shares of Computer Programs and Systems (NASDAQ:CPSI – Get Rating) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.
A number of other brokerages also recently issued reports on CPSI. SVB Leerink lifted their price objective on shares of Computer Programs and Systems from $35.00 to $38.00 and gave the stock an outperform rating in a research report on Thursday, March 3rd. Zacks Investment Research raised shares of Computer Programs and Systems from a hold rating to a buy rating and set a $37.00 price objective on the stock in a research report on Tuesday, April 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Computer Programs and Systems from $39.00 to $43.00 in a research report on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $37.50.
NASDAQ CPSI opened at $31.48 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.73 and a debt-to-equity ratio of 0.59. The stock has a market cap of $465.43 million, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. The firm’s 50-day simple moving average is $33.46. Computer Programs and Systems has a one year low of $26.11 and a one year high of $37.62.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.15. Computer Programs and Systems had a net margin of 7.71% and a return on equity of 16.43%. During the same quarter in the prior year, the business posted $0.28 EPS. As a group, equities research analysts expect that Computer Programs and Systems will post 2.5 earnings per share for the current year.
In related news, SVP James Patrick Murphy sold 1,021 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $34.59, for a total value of $35,316.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John B. Douglas, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $32.45, for a total transaction of $32,450.00. Following the completion of the transaction, the chief executive officer now owns 232,865 shares of the company’s stock, valued at $7,556,469.25. The disclosure for this sale can be found here. Insiders sold a total of 7,459 shares of company stock valued at $242,513 over the last quarter. 4.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC increased its holdings in Computer Programs and Systems by 32.8% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 11,099 shares of the company’s stock worth $382,000 after acquiring an additional 2,742 shares in the last quarter. Swiss National Bank increased its holdings in Computer Programs and Systems by 7.2% in the 1st quarter. Swiss National Bank now owns 32,900 shares of the company’s stock worth $1,133,000 after acquiring an additional 2,200 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in Computer Programs and Systems by 3.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 84,221 shares of the company’s stock worth $2,901,000 after acquiring an additional 2,861 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Computer Programs and Systems by 75.4% in the 1st quarter. New York State Common Retirement Fund now owns 41,509 shares of the company’s stock worth $1,430,000 after acquiring an additional 17,839 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Computer Programs and Systems by 7.7% in the 1st quarter. Victory Capital Management Inc. now owns 44,317 shares of the company’s stock worth $1,438,000 after acquiring an additional 3,180 shares in the last quarter. 87.05% of the stock is owned by institutional investors.
Computer Programs and Systems Company Profile (Get Rating)
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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