BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a hold rating to a buy rating in a research report released on Monday morning.

Several other research firms have also recently weighed in on CPSI. Cantor Fitzgerald reaffirmed a hold rating and set a $32.00 price objective on shares of Computer Programs & Systems in a research report on Friday, February 15th. Zacks Investment Research cut Computer Programs & Systems from a buy rating to a hold rating in a research report on Wednesday, February 13th. Finally, ValuEngine raised Computer Programs & Systems from a sell rating to a hold rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $28.00.

Computer Programs & Systems stock opened at $33.00 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. The company has a market cap of $464.84 million, a price-to-earnings ratio of 17.01, a PEG ratio of 1.90 and a beta of 0.18. Computer Programs & Systems has a fifty-two week low of $23.81 and a fifty-two week high of $34.65.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Friday, February 15th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.20. The business had revenue of $72.30 million for the quarter, compared to analysts’ expectations of $74.06 million. Computer Programs & Systems had a return on equity of 17.65% and a net margin of 6.29%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. As a group, analysts forecast that Computer Programs & Systems will post 1.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.21%. Computer Programs & Systems’s payout ratio is 20.62%.

Institutional investors have recently bought and sold shares of the business. Ledyard National Bank bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $25,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $26,000. Financial Gravity Companies Inc. bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $43,000. Quantamental Technologies LLC bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $49,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $86,000. 88.11% of the stock is currently owned by institutional investors and hedge funds.

Computer Programs & Systems Company Profile

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as helps to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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

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