Computer Programs and Systems Inc. (NASDAQ:CPSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

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 equities analysts also recently commented on CPSI. FBR & Co decreased their price target on Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, August 5th. Deutsche Bank AG downgraded Computer Programs and Systems from a “hold” rating to a “sell” rating and decreased their price target for the stock from $47.00 to $22.00 in a research note on Friday, August 5th. KeyCorp decreased their price target on Computer Programs and Systems from $35.00 to $21.00 and set an “underweight” rating for the company in a research note on Tuesday, August 16th. SunTrust Banks Inc. downgraded Computer Programs and Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $35.00 in a research note on Friday, August 5th. Finally, Citigroup Inc. decreased their price target on Computer Programs and Systems from $47.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, September 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Computer Programs and Systems currently has an average rating of “Hold” and an average price target of $39.82.

Analyst Recommendations for Computer Programs and Systems (NASDAQ:CPSI)

Computer Programs and Systems (NASDAQ:CPSI) traded up 1.00% during mid-day trading on Monday, reaching $26.29. The company’s stock had a trading volume of 143,893 shares. Computer Programs and Systems has a 12 month low of $24.18 and a 12 month high of $59.16. The stock’s 50-day moving average is $25.78 and its 200-day moving average is $37.83. The firm has a market capitalization of $350.37 million, a PE ratio of 44.56 and a beta of -0.04.

Computer Programs and Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, August 4th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.79 by $0.31. The business had revenue of $68.42 million for the quarter, compared to analyst estimates of $74.35 million. Computer Programs and Systems had a net margin of 3.17% and a return on equity of 15.46%. The firm’s revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, equities analysts anticipate that Computer Programs and Systems will post $2.12 EPS for the current year.

In other Computer Programs and Systems news, Director Arthur Robert Outlaw, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were bought at an average price of $26.09 per share, with a total value of $26,090.00. Following the completion of the acquisition, the director now owns 6,857 shares in the company, valued at approximately $178,899.13. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John B. Douglas, Jr. purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were acquired at an average cost of $25.43 per share, for a total transaction of $254,300.00. Following the acquisition, the insider now owns 189,685 shares of the company’s stock, valued at approximately $4,823,689.55. The disclosure for this purchase can be found here. Insiders own 3.57% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CPSI. Gilman Hill Asset Management LLC boosted its stake in Computer Programs and Systems by 80.2% in the second quarter. Gilman Hill Asset Management LLC now owns 110,048 shares of the company’s stock worth $4,393,000 after buying an additional 48,993 shares during the period. Palo Capital Inc. acquired a new stake in Computer Programs and Systems during the second quarter worth $408,000. FCM Investments TX boosted its stake in Computer Programs and Systems by 4.1% in the second quarter. FCM Investments TX now owns 27,454 shares of the company’s stock worth $1,096,000 after buying an additional 1,075 shares during the period. Berson & Corrado Investment Advisors LLC acquired a new stake in Computer Programs and Systems during the second quarter worth $459,000. Finally, BNP Paribas Arbitrage SA boosted its stake in 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 worth $140,000 after buying an additional 1,567 shares during the period. 95.15% 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.

5 Day Chart for NASDAQ:CPSI

Receive News & Stock Ratings for Computer Programs and Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs and Systems Inc. and related stocks with our FREE daily email newsletter.