Computer Programs & Systems (NASDAQ:CPSI) had its price target boosted by KeyCorp from $21.00 to $26.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has an “underweight” rating on the stock. KeyCorp’s price target would suggest a potential downside of 17.62% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $25.00 price target (down previously from $36.00) on shares of Computer Programs & Systems in a report on Wednesday, November 6th. Zacks Investment Research raised shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Monday, January 27th. BidaskClub cut shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Friday, January 31st. ValuEngine raised shares of Computer Programs & Systems from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Finally, SunTrust Banks lifted their price target on shares of Computer Programs & Systems to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Computer Programs & Systems currently has a consensus rating of “Hold” and a consensus price target of $27.89.

NASDAQ:CPSI opened at $31.56 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $376.98 million, a PE ratio of 26.30, a price-to-earnings-growth ratio of 4.06 and a beta of 0.49. The firm’s 50 day moving average is $26.84 and its 200 day moving average is $24.76. Computer Programs & Systems has a 12 month low of $20.72 and a 12 month high of $35.78.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.44. The company had revenue of $70.64 million for the quarter, compared to analysts’ expectations of $69.99 million. Computer Programs & Systems had a net margin of 6.09% and a return on equity of 10.86%. Research analysts predict that Computer Programs & Systems will post 1.01 earnings per share for the current year.

In other Computer Programs & Systems news, CEO John B. Douglas, Jr. sold 2,605 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $27.52, for a total transaction of $71,689.60. Following the sale, the chief executive officer now owns 235,358 shares of the company’s stock, valued at approximately $6,477,052.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of CPSI. Vanguard Group Inc. raised its holdings in Computer Programs & Systems by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,143,490 shares of the company’s stock valued at $31,778,000 after acquiring an additional 20,279 shares during the period. Nuveen Asset Management LLC bought a new stake in Computer Programs & Systems during the 2nd quarter valued at $2,436,000. State of Alaska Department of Revenue raised its holdings in Computer Programs & Systems by 127.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,429 shares of the company’s stock valued at $213,000 after acquiring an additional 5,279 shares during the period. Pacer Advisors Inc. bought a new stake in Computer Programs & Systems during the 3rd quarter valued at $124,000. Finally, Bowling Portfolio Management LLC raised its holdings in Computer Programs & Systems by 8.9% during the 3rd quarter. Bowling Portfolio Management LLC now owns 54,391 shares of the company’s stock valued at $1,230,000 after acquiring an additional 4,465 shares during the period. 78.40% of the stock is currently owned by institutional investors and hedge funds.

About Computer Programs & Systems

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 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.

Read More: Why do analysts give a neutral rating?

The Fly

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

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