StockNews.com Initiates Coverage on Computer Programs and Systems (NASDAQ:CPSI)

Stock analysts at StockNews.com started coverage on shares of Computer Programs and Systems (NASDAQ:CPSI) in a note issued to investors on Sunday. The firm set a “sell” rating on the stock.

Other equities analysts have also recently issued research reports about the company. Barclays dropped their target price on Computer Programs and Systems from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $24.00 target price on shares of Computer Programs and Systems in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.00.

Computer Programs and Systems Stock Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 2.32 and a quick ratio of 2.31. The stock’s 50-day simple moving average is $9.70 and its 200 day simple moving average is $11.99. Computer Programs and Systems has a 52-week low of $8.70 and a 52-week high of $30.96. The firm has a market cap of $133.71 million, a PE ratio of -2.92 and a beta of 0.62.

Institutional Investors Weigh In On Computer Programs and Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Brandywine Global Investment Management LLC grew its holdings in shares of Computer Programs and Systems by 44.8% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 250,897 shares of the company’s stock worth $3,999,000 after acquiring an additional 77,600 shares during the period. Algert Global LLC lifted its stake in Computer Programs and Systems by 100.9% in the 3rd quarter. Algert Global LLC now owns 25,620 shares of the company’s stock valued at $408,000 after buying an additional 12,870 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Computer Programs and Systems in the 3rd quarter valued at approximately $186,000. Paradigm Capital Management Inc. NY lifted its stake in Computer Programs and Systems by 62.4% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 239,500 shares of the company’s stock valued at $3,818,000 after buying an additional 92,010 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Computer Programs and Systems by 121.2% in the 3rd quarter. AQR Capital Management LLC now owns 321,311 shares of the company’s stock valued at $5,122,000 after buying an additional 176,033 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Computer Programs and 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 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.