Computer Programs and Systems Inc. (NASDAQ:CPSI) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,974,387 shares, a growth of 31.1% from the October 31st total of 3,032,285 shares. Approximately 36.0% of the company’s shares are short sold. Based on an average daily trading volume, of 368,077 shares, the days-to-cover ratio is presently 10.8 days.

Several analysts recently commented on CPSI shares. Citigroup Inc. dropped 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. Zacks Investment Research raised Computer Programs and Systems from a “sell” rating to a “hold” rating in a research note on Monday, October 17th. KeyCorp reissued a “sell” rating and issued a $21.00 price target on shares of Computer Programs and Systems in a research note on Friday, November 4th. FBR & Co dropped their price target 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. Finally, Leerink Swann reissued 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. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Computer Programs and Systems currently has a consensus rating of “Hold” and an average price target of $39.73.

Hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised 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 in the last quarter. Quantum Capital Management LLC NJ raised its position in shares of Computer Programs and Systems by 56.6% in the second quarter. Quantum Capital Management LLC NJ now owns 848,502 shares of the company’s stock valued at $33,872,000 after buying an additional 306,823 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Computer Programs and Systems during the third quarter valued at $7,223,000. Citadel Advisors LLC raised its position in shares of Computer Programs and Systems by 225.2% in the third quarter. Citadel Advisors LLC now owns 191,098 shares of the company’s stock valued at $4,980,000 after buying an additional 132,332 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Computer Programs and Systems by 9.5% in the third quarter. BlackRock Fund Advisors now owns 794,345 shares of the company’s stock valued at $20,701,000 after buying an additional 68,636 shares in the last quarter.

Computer Programs and Systems (NASDAQ:CPSI) opened at 25.10 on Tuesday. The company’s 50-day moving average price is $25.30 and its 200-day moving average price is $31.94. Computer Programs and Systems has a 12-month low of $18.25 and a 12-month high of $59.16. The company has a market cap of $334.96 million, a PE ratio of 60.63 and a beta of 0.37.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.34 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 the consensus estimate of $67.70 million. Computer Programs and Systems had a net margin of 2.16% and a return on equity of 13.45%. The business’s revenue was up 45.1% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. Equities analysts anticipate that Computer Programs and Systems will post $1.74 earnings per share 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. The ex-dividend date is Tuesday, November 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.82%. Computer Programs and Systems’s dividend payout ratio (DPR) is currently 218.18%.

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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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