Computer Programs and Systems (NASDAQ:CPSI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Computer Programs and Systems (NASDAQ:CPSIFree Report) in a research note released on Friday. The brokerage issued a sell rating on the stock.

Several other equities analysts have also recently weighed in on the company. Cantor Fitzgerald reaffirmed an overweight rating and issued a $24.00 price objective on shares of Computer Programs and Systems in a report on Friday, March 1st. Barclays decreased their price target on Computer Programs and Systems from $12.00 to $10.00 and set an equal weight rating on the stock in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Computer Programs and Systems has a consensus rating of Hold and a consensus target price of $19.00.

View Our Latest Research Report on Computer Programs and Systems

Computer Programs and Systems Stock Performance

The firm has a market cap of $133.71 million, a PE ratio of -2.92 and a beta of 0.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.31 and a current ratio of 2.32. The business’s fifty day moving average price is $9.81 and its 200 day moving average price is $12.26. Computer Programs and Systems has a fifty-two week low of $8.70 and a fifty-two week high of $30.96.

Institutional Investors Weigh In On Computer Programs and Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in Computer Programs and Systems during the 1st quarter worth $25,000. Quantbot Technologies LP grew its position in shares of Computer Programs and Systems by 225.0% in the 2nd quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock valued at $31,000 after buying an additional 675 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Computer Programs and Systems by 95.8% in the 1st quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock valued at $40,000 after buying an additional 574 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Computer Programs and Systems in the 2nd quarter valued at about $51,000. Finally, State of Wyoming bought a new stake in shares of Computer Programs and Systems in the 2nd quarter valued at about $51,000. Institutional investors own 88.64% of the company’s stock.

About Computer Programs and Systems

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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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