Computer Programs & Systems (NASDAQ:CPSI) Raised to “Hold” at ValuEngine

Computer Programs & Systems (NASDAQ:CPSI) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday, ValuEngine reports.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Computer Programs & Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, August 12th. SunTrust Banks decreased their target price on shares of Computer Programs & Systems from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 23rd. Dougherty & Co raised shares of Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday. TheStreet downgraded shares of Computer Programs & Systems from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. Finally, BidaskClub downgraded shares of Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.41.

Shares of CPSI stock traded up $0.64 during trading hours on Wednesday, reaching $24.03. The company had a trading volume of 118,249 shares, compared to its average volume of 129,275. The company has a market capitalization of $344.95 million, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 2.15 and a beta of 0.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.55 and a current ratio of 1.60. Computer Programs & Systems has a twelve month low of $20.72 and a twelve month high of $34.00. The stock’s fifty day simple moving average is $23.00 and its 200 day simple moving average is $27.16.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.32 by $0.18. The firm had revenue of $66.16 million for the quarter, compared to analyst estimates of $68.74 million. Computer Programs & Systems had a return on equity of 14.04% and a net margin of 6.66%. Computer Programs & Systems’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. As a group, equities analysts expect that Computer Programs & Systems will post 0.98 earnings per share for the current year.

In related news, insider Victor S. Schneider sold 7,126 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $26.57, for a total value of $189,337.82. Following the sale, the insider now directly owns 58,179 shares of the company’s stock, valued at $1,545,816.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John B. Douglas, Jr. sold 2,605 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $28.28, for a total transaction of $73,669.40. Following the completion of the sale, the insider now directly owns 237,963 shares in the company, valued at $6,729,593.64. The disclosure for this sale can be found here. Insiders sold 17,956 shares of company stock valued at $453,871 in the last three months. 12.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. IndexIQ Advisors LLC acquired a new stake in shares of Computer Programs & Systems in the 1st quarter valued at about $1,586,000. Acadian Asset Management LLC increased its holdings in Computer Programs & Systems by 1,716.9% in the first quarter. Acadian Asset Management LLC now owns 110,759 shares of the company’s stock valued at $3,288,000 after buying an additional 104,663 shares during the last quarter. Martingale Asset Management L P increased its holdings in Computer Programs & Systems by 73.4% in the first quarter. Martingale Asset Management L P now owns 116,528 shares of the company’s stock valued at $3,461,000 after buying an additional 49,312 shares during the last quarter. Texas Permanent School Fund bought a new stake in Computer Programs & Systems in the first quarter valued at about $241,000. Finally, Wedge Capital Management L L P NC acquired a new stake in Computer Programs & Systems during the second quarter valued at approximately $1,023,000. 79.18% of the stock is owned by institutional investors.

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 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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