Computer Programs and Systems (NASDAQ:CPSI) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of Computer Programs and Systems (NASDAQ:CPSIGet Rating) from a strong-buy rating to a buy rating in a report released on Monday.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Computer Programs and Systems from $39.00 to $43.00 in a report on Thursday, May 5th.

Computer Programs and Systems Price Performance

Computer Programs and Systems stock opened at $34.19 on Monday. Computer Programs and Systems has a 12 month low of $26.11 and a 12 month high of $37.62. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $31.81. The company has a market cap of $504.78 million, a price-to-earnings ratio of 22.35, a PEG ratio of 0.85 and a beta of 0.64.

Computer Programs and Systems (NASDAQ:CPSIGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. Computer Programs and Systems had a return on equity of 16.43% and a net margin of 7.71%. The business had revenue of $77.87 million for the quarter, compared to the consensus estimate of $74.98 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Sell-side analysts forecast that Computer Programs and Systems will post 2.65 EPS for the current year.

Insider Transactions at Computer Programs and Systems

In other news, CEO Christopher L. Fowler sold 1,000 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $31.79, for a total value of $31,790.00. Following the transaction, the chief executive officer now owns 67,038 shares of the company’s stock, valued at $2,131,138.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Glenn Tobin sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $32.29, for a total value of $64,580.00. Following the transaction, the director now owns 19,742 shares of the company’s stock, valued at $637,469.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher L. Fowler sold 1,000 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $31.79, for a total value of $31,790.00. Following the completion of the transaction, the chief executive officer now directly owns 67,038 shares in the company, valued at approximately $2,131,138.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,675 shares of company stock valued at $406,266. 4.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Computer Programs and Systems by 25.2% in the second quarter. Russell Investments Group Ltd. now owns 52,155 shares of the company’s stock valued at $1,664,000 after acquiring an additional 10,503 shares during the last quarter. Foundry Partners LLC increased its stake in Computer Programs and Systems by 4.6% in the second quarter. Foundry Partners LLC now owns 169,865 shares of the company’s stock valued at $5,431,000 after acquiring an additional 7,410 shares during the last quarter. Sageworth Trust Co bought a new position in Computer Programs and Systems in the second quarter valued at $233,000. Dorsey Wright & Associates purchased a new stake in Computer Programs and Systems during the second quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC boosted its position in Computer Programs and Systems by 2.3% during the second quarter. Exchange Traded Concepts LLC now owns 21,728 shares of the company’s stock valued at $695,000 after buying an additional 496 shares during the period. Institutional investors own 87.05% of the company’s stock.

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.

Read More

Receive News & Ratings for Computer Programs and Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs and Systems and related companies with MarketBeat.com's FREE daily email newsletter.