Cantor Fitzgerald restated their hold rating on shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) in a research note published on Tuesday. They currently have a $28.00 price target on the stock.

Several other equities analysts have also issued reports on the company. KeyCorp restated a sell rating and set a $21.00 price target on shares of Computer Programs and Systems in a research report on Friday, September 22nd. SunTrust Banks, Inc. restated a hold rating and set a $32.00 price target (down from $35.00) on shares of Computer Programs and Systems in a research report on Thursday, September 14th. Robert W. Baird restated a hold rating and set a $30.00 price target on shares of Computer Programs and Systems in a research report on Thursday, August 31st. BidaskClub lowered Computer Programs and Systems from a sell rating to a strong sell rating in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Computer Programs and Systems from a buy rating to a hold rating in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $29.71.

Computer Programs and Systems (NASDAQ CPSI) opened at 29.55 on Tuesday. The company has a 50 day moving average price of $29.43 and a 200-day moving average price of $30.18. The firm has a market capitalization of $396.83 million, a price-to-earnings ratio of 76.16 and a beta of 0.23. Computer Programs and Systems has a 1-year low of $18.25 and a 1-year high of $36.15.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $67.70 million for the quarter, compared to the consensus estimate of $69.56 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. Computer Programs and Systems’s revenue was down 1.0% compared to the same quarter last year. On average, analysts forecast that Computer Programs and Systems will post $1.65 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were given a $0.30 dividend. This is a positive change from Computer Programs and Systems’s previous quarterly dividend of $0.20. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Tuesday, August 15th. Computer Programs and Systems’s dividend payout ratio (DPR) is currently 300.00%.

In other news, insider David A. Dye sold 3,000 shares of Computer Programs and Systems stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.03, for a total value of $90,090.00. Following the sale, the insider now directly owns 58,568 shares in the company, valued at approximately $1,758,797.04. The sale was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Texas Permanent School Fund grew its position in shares of Computer Programs and Systems by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 7,807 shares of the company’s stock worth $256,000 after buying an additional 67 shares during the last quarter. Royal Bank of Canada grew its position in shares of Computer Programs and Systems by 0.3% in the 2nd quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock worth $1,046,000 after buying an additional 88 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Computer Programs and Systems by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock worth $1,334,000 after buying an additional 209 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Computer Programs and Systems by 0.5% in the 1st quarter. Prudential Financial Inc. now owns 38,697 shares of the company’s stock worth $1,084,000 after buying an additional 210 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Computer Programs and Systems by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 22,422 shares of the company’s stock worth $735,000 after buying an additional 521 shares during the last quarter.

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’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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