Zacks Investment Research upgraded shares of Computer Programs and Systems Inc. (NASDAQ:CPSI) from a sell rating to a hold rating in a research report report published 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. “

Other analysts have also issued research reports about the company. William Blair reaffirmed a market perform rating on shares of Computer Programs and Systems in a research note on Thursday, November 3rd. Leerink Swann reaffirmed 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 research note on Friday, November 4th. FBR & Co reduced their price objective on Computer Programs and Systems from $48.00 to $30.00 and set a market perform rating on the stock in a research note on Friday, August 5th. SunTrust Banks Inc. lowered Computer Programs and Systems from a buy rating to a neutral rating and reduced their price objective for the stock from $80.00 to $35.00 in a research note on Friday, August 5th. Finally, Citigroup Inc. reduced their price objective on Computer Programs and Systems from $47.00 to $27.00 and set a neutral rating on the stock in a research note on Thursday, September 22nd. 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 stock. The stock currently has an average rating of Hold and an average target price of $39.73.

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

Computer Programs and Systems (NASDAQ:CPSI) traded down 1.109% on Wednesday, reaching $24.525. The company had a trading volume of 125,181 shares. Computer Programs and Systems has a 12 month low of $18.25 and a 12 month high of $59.16. The company’s 50 day moving average price is $25.55 and its 200-day moving average price is $33.24. The company has a market capitalization of $331.90 billion, a price-to-earnings ratio of 54.500 and a beta of 0.37.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.15. The company earned $64.70 million during 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%. Computer Programs and Systems’s quarterly revenue was up 45.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, equities analysts predict that Computer Programs and Systems will post $1.75 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 17th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.87%. Computer Programs and Systems’s payout ratio is presently 309.09%.

In other news, insider John B. Douglas, Jr. acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was acquired at an average cost of $25.43 per share, for a total transaction of $254,300.00. Following the completion of the acquisition, the insider now owns 189,685 shares in the company, valued at $4,823,689.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur Robert Outlaw, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were purchased 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 of the company’s stock, valued at approximately $178,899.13. The disclosure for this purchase can be found here. Corporate insiders own 3.57% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CPSI. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Computer Programs and Systems by 32.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,579,718 shares of the company’s stock valued at $63,062,000 after buying an additional 388,847 shares during the period. Hendershot Investments Inc. boosted its position in shares of Computer Programs and Systems by 43.1% in the second quarter. Hendershot Investments Inc. now owns 49,146 shares of the company’s stock valued at $1,962,000 after buying an additional 14,805 shares during the period. Magnetar Financial LLC bought a new position in shares of Computer Programs and Systems during the first quarter valued at approximately $212,000. Goldman Sachs Group Inc. boosted its position in shares of Computer Programs and Systems by 32.6% in the first quarter. Goldman Sachs Group Inc. now owns 48,805 shares of the company’s stock valued at $2,544,000 after buying an additional 11,996 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Computer Programs and Systems by 11.9% in the second quarter. Ameriprise Financial Inc. now owns 57,231 shares of the company’s stock valued at $2,285,000 after buying an additional 6,087 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.

About Computer Programs and Systems

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

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