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. “

A number of other equities research analysts also recently issued reports on CPSI. Deutsche Bank AG downgraded Computer Programs and Systems from a “hold” rating to a “sell” rating and lowered their price target for the company from $47.00 to $22.00 in a research report on Friday, August 5th. SunTrust Banks Inc. downgraded Computer Programs and Systems from a “buy” rating to a “neutral” rating and lowered their price target for the company from $80.00 to $35.00 in a research report on Friday, August 5th. FBR & Co lowered 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 report on Friday, August 5th. KeyCorp reissued a “sell” rating and set a $35.00 price target on shares of Computer Programs and Systems in a research report on Friday, August 5th. Finally, Leerink Swann reissued a “market perform” rating and set a $26.00 price target (down previously from $45.00) on shares of Computer Programs and Systems in a research report on Thursday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $39.73.

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

Computer Programs and Systems (NASDAQ:CPSI) traded up 2.63% on Wednesday, hitting $25.40. The stock had a trading volume of 207,306 shares. The company’s 50 day moving average is $25.38 and its 200 day moving average is $32.44. The firm has a market cap of $338.96 million, a PE ratio of 61.35 and a beta of 0.37. Computer Programs and Systems has a 12-month low of $18.25 and a 12-month high of $59.16.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.15. Computer Programs and Systems had a net margin of 2.16% and a return on equity of 13.45%. The business earned $64.70 million during the quarter, compared to analysts’ expectations of $67.70 million. During the same period in the prior year, the firm earned $0.31 EPS. Computer Programs and Systems’s revenue for the quarter was up 45.1% on a year-over-year basis. On average, equities research analysts expect that Computer Programs and Systems will post $1.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 17th will be paid 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 payout ratio is currently 218.18%.

A number of hedge funds have recently made changes to their positions in CPSI. BNP Paribas Arbitrage SA boosted its stake 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 boosted its stake 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 purchased a new stake in shares of Computer Programs and Systems during the third quarter valued at about $195,000. Victory Capital Management Inc. boosted its stake 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 purchased a new stake in shares of Computer Programs and Systems during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 93.22% of the company’s stock.

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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

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