Computer Programs and Systems (NASDAQ:CPSI) Rating Lowered to Buy at StockNews.com

Computer Programs and Systems (NASDAQ:CPSIGet Rating) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Computer Programs and Systems from $39.00 to $43.00 in a report on Thursday, May 5th. SVB Leerink increased their price target on shares of Computer Programs and Systems from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, March 3rd.

Shares of Computer Programs and Systems stock opened at $29.49 on Friday. The company has a market cap of $435.39 million, a P/E ratio of 19.27, a PEG ratio of 0.85 and a beta of 0.68. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.72 and a current ratio of 1.73. Computer Programs and Systems has a one year low of $26.11 and a one year high of $37.62. The firm has a fifty day moving average of $32.45 and a two-hundred day moving average of $31.11.

Computer Programs and Systems (NASDAQ:CPSIGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $77.87 million during the quarter, compared to the consensus estimate of $74.98 million. Computer Programs and Systems had a net margin of 7.71% and a return on equity of 16.43%. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, equities analysts predict that Computer Programs and Systems will post 2.54 earnings per share for the current year.

In related news, VP Robert D. Hinckle sold 5,975 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $32.19, for a total value of $192,335.25. Following the sale, the vice president now directly owns 37,000 shares of the company’s stock, valued at approximately $1,191,030. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David A. Dye sold 1,000 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $34.87, for a total transaction of $34,870.00. Following the completion of the sale, the insider now directly owns 68,265 shares in the company, valued at $2,380,400.55. The disclosure for this sale can be found here. Insiders sold a total of 12,925 shares of company stock valued at $418,444 in the last quarter. Insiders own 4.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CPSI. BlackRock Inc. boosted its stake in shares of Computer Programs and Systems by 1.4% during the 1st quarter. BlackRock Inc. now owns 2,411,642 shares of the company’s stock worth $83,079,000 after purchasing an additional 32,712 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of Computer Programs and Systems by 10.9% during the 1st quarter. River Road Asset Management LLC now owns 1,321,314 shares of the company’s stock worth $45,519,000 after purchasing an additional 129,444 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Computer Programs and Systems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,020,365 shares of the company’s stock worth $35,152,000 after purchasing an additional 10,524 shares during the last quarter. State Street Corp boosted its stake in shares of Computer Programs and Systems by 3.3% during the 1st quarter. State Street Corp now owns 601,074 shares of the company’s stock worth $20,707,000 after purchasing an additional 19,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Computer Programs and Systems by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 570,050 shares of the company’s stock worth $19,638,000 after purchasing an additional 21,661 shares during the last quarter. 87.05% of the stock is currently owned by hedge funds and other institutional investors.

About Computer Programs and Systems (Get Rating)

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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