Computer Programs & Systems (NASDAQ:CPSI) had its target price decreased by analysts at SunTrust Banks from $30.00 to $25.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “hold” rating on the stock. SunTrust Banks’ price objective points to a potential upside of 22.13% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Cantor Fitzgerald boosted their price target on Computer Programs & Systems from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Piper Sandler lifted their price objective on shares of Computer Programs & Systems from to in a research note on Wednesday, February 12th. ValuEngine downgraded shares of Computer Programs & Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. BidaskClub downgraded shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, TheStreet raised shares of Computer Programs & Systems from a “c+” rating to a “b” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.11.

CPSI traded up $0.58 during trading on Thursday, reaching $20.47. 1,158 shares of the company were exchanged, compared to its average volume of 123,467. The stock has a market cap of $288.35 million, a P/E ratio of 14.02, a PEG ratio of 3.03 and a beta of 0.35. The firm has a 50 day moving average of $25.71 and a 200 day moving average of $25.23. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. Computer Programs & Systems has a 52 week low of $16.93 and a 52 week high of $35.78.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.44. Computer Programs & Systems had a return on equity of 11.90% and a net margin of 7.45%. The firm had revenue of $70.64 million for the quarter, compared to analyst estimates of $69.99 million. As a group, analysts forecast that Computer Programs & Systems will post 1.39 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its position in Computer Programs & Systems by 24.9% during the fourth quarter. River Road Asset Management LLC now owns 1,052,182 shares of the company’s stock valued at $27,778,000 after purchasing an additional 209,928 shares during the last quarter. Foundry Partners LLC acquired a new stake in Computer Programs & Systems during the 4th quarter valued at approximately $3,494,000. Bank of America Corp DE lifted its stake in Computer Programs & Systems by 1,005.9% during the 4th quarter. Bank of America Corp DE now owns 129,543 shares of the company’s stock valued at $3,420,000 after acquiring an additional 117,829 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Computer Programs & Systems by 39.9% in the 4th quarter. Acadian Asset Management LLC now owns 336,672 shares of the company’s stock valued at $8,886,000 after purchasing an additional 96,077 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Computer Programs & Systems by 48.7% in the 4th quarter. Bank of Montreal Can now owns 153,217 shares of the company’s stock valued at $4,046,000 after purchasing an additional 50,192 shares during the period. 79.36% of the stock is 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.

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

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