Computer Programs & Systems (NASDAQ:CPSI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $35.00 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 15.32% from the company’s previous close.

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. “

Several other brokerages also recently weighed in on CPSI. Cantor Fitzgerald reiterated a “hold” rating and set a $32.00 target price on shares of Computer Programs & Systems in a research note on Thursday, February 8th. BidaskClub downgraded shares of Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Citigroup initiated coverage on shares of Computer Programs & Systems in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. KeyCorp restated a “sell” rating and issued a $23.00 price objective on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Finally, Dougherty & Co restated a “buy” rating on shares of Computer Programs & Systems in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Computer Programs & Systems currently has an average rating of “Hold” and an average price target of $31.33.

Shares of Computer Programs & Systems (NASDAQ:CPSI) traded up $0.30 on Tuesday, hitting $30.35. 65,760 shares of the stock traded hands, compared to its average volume of 73,440. Computer Programs & Systems has a twelve month low of $25.40 and a twelve month high of $36.15. The firm has a market capitalization of $414.06, a P/E ratio of -23.90, a price-to-earnings-growth ratio of 1.89 and a beta of 0.09. The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 1.00.

Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, February 8th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.17. Computer Programs & Systems had a negative net margin of 6.29% and a positive return on equity of 12.06%. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $69.24 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. sell-side analysts forecast that Computer Programs & Systems will post 1.51 earnings per share for the current fiscal year.

In related news, EVP Victor S. Schneider sold 1,695 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $29.45, for a total value of $49,917.75. Following the completion of the sale, the executive vice president now owns 41,657 shares in the company, valued at $1,226,798.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its holdings in Computer Programs & Systems by 57.2% in the third quarter. BNP Paribas Arbitrage SA now owns 6,001 shares of the company’s stock valued at $177,000 after buying an additional 2,183 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in Computer Programs & Systems in the second quarter valued at about $211,000. Voya Investment Management LLC purchased a new position in Computer Programs & Systems in the second quarter valued at about $211,000. Dynamic Technology Lab Private Ltd purchased a new position in Computer Programs & Systems in the second quarter valued at about $226,000. Finally, Macquarie Group Ltd. purchased a new position in Computer Programs & Systems in the third quarter valued at about $227,000. 96.21% of the stock is owned by institutional investors.

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About Computer Programs & 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).

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