BidaskClub lowered shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) from a sell rating to a strong sell rating in a research note published on Monday.

A number of other research firms also recently commented on CPSI. Zacks Investment Research upgraded Computer Programs and Systems from a sell rating to a hold rating in a report on Friday, May 5th. Cantor Fitzgerald restated a hold rating and issued a $24.00 price objective on shares of Computer Programs and Systems in a report on Friday, May 5th. ValuEngine upgraded Computer Programs and Systems from a sell rating to a hold rating in a report on Tuesday, June 6th. Dougherty & Co increased their price objective on Computer Programs and Systems from $32.00 to $36.00 and gave the stock a buy rating in a report on Monday, May 15th. Finally, Robert W. Baird restated a neutral rating and issued a $30.00 price objective (up previously from $27.00) on shares of Computer Programs and Systems in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $28.43.

Shares of Computer Programs and Systems (CPSI) opened at 29.15 on Monday. The firm’s 50-day moving average is $31.09 and its 200 day moving average is $29.48. Computer Programs and Systems has a 1-year low of $18.25 and a 1-year high of $36.15. The stock has a market capitalization of $391.46 million, a P/E ratio of 75.13 and a beta of 0.23.

Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.05. Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The firm had revenue of $67.70 million during the quarter, compared to analyst estimates of $69.56 million. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts expect that Computer Programs and Systems will post $1.66 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, August 15th. This is an increase from Computer Programs and Systems’s previous quarterly dividend of $0.20. Computer Programs and Systems’s dividend payout ratio (DPR) is 300.00%.

In other Computer Programs and Systems news, VP James B. Britain sold 5,035 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $32.66, for a total transaction of $164,443.10. Following the transaction, the vice president now owns 12,561 shares in the company, valued at $410,242.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Christopher L. Fowler sold 1,663 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $35.00, for a total value of $58,205.00. Following the transaction, the chief operating officer now owns 32,982 shares in the company, valued at approximately $1,154,370. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,235 shares of company stock worth $440,985. Corporate insiders own 3.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of Computer Programs and Systems by 77.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock valued at $125,000 after buying an additional 1,667 shares during the period. Voya Investment Management LLC bought a new position in shares of Computer Programs and Systems during the second quarter valued at approximately $211,000. Thrivent Financial For Lutherans bought a new position in shares of Computer Programs and Systems during the second quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Computer Programs and Systems during the second quarter valued at approximately $226,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Computer Programs and Systems during the second quarter valued at approximately $237,000.

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’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

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

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