BidaskClub downgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a buy rating to a hold rating in a research note
Several other analysts have also issued reports on CPSI. TheStreet upgraded shares of Computer Programs & Systems from a c- rating to a b- rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of Computer Programs & Systems from a buy rating to a hold rating in a research report on Wednesday, February 13th. SunTrust Banks upped their price target on shares of Computer Programs & Systems to $35.00 and gave the company a hold rating in a research report on Thursday, February 21st. ValuEngine upgraded shares of Computer Programs & Systems from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, Cantor Fitzgerald restated a hold rating and set a $32.00 price target on shares of Computer Programs & Systems in a research report on Friday, February 15th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Computer Programs & Systems currently has a consensus rating of Hold and a consensus price target of $28.83.
Get Computer Programs & Systems alerts: NASDAQ CPSI opened at $29.95 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.82 0.78. Computer Programs & Systems has a 12-month low of $23.81 and a 12-month high of $34.65. The stock has a market cap of $416.52 million, a price-to-earnings ratio of 15.44 and a beta of 0.26.
Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Friday, February 15th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.20. Computer Programs & Systems had a net margin of 6.29% and a return on equity of 17.65%. The business had revenue of $72.30 million during the quarter, compared to analyst estimates of $74.06 million. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. Computer Programs & Systems’s dividend payout ratio is currently 20.62%.
In other news, insider David A. Dye sold 1,502 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $29.53, for a total transaction of $44,354.06. Following the completion of the sale, the insider now directly owns 83,203 shares in the company, valued at $2,456,984.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . Corporate insiders own 4.80% of the company’s stock.
Several bought and sold shares of the company. Northern Trust Corp boosted its position in Computer Programs & Systems by 1.6% during the 2nd quarter. Northern Trust Corp now owns 165,583 shares of the company’s stock worth $5,447,000 after acquiring an additional 2,550 shares during the period. Wells Fargo & Company MN boosted its position in Computer Programs & Systems by 83.9% during the 3rd quarter. Wells Fargo & Company MN now owns 34,003 shares of the company’s stock worth $913,000 after acquiring an additional 15,511 shares during the period. AXA boosted its position in Computer Programs & Systems by 5.3% during the 3rd quarter. AXA now owns 93,614 shares of the company’s stock worth $2,514,000 after acquiring an additional 4,714 shares during the period. Bank of New York Mellon Corp boosted its position in Computer Programs & Systems by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 193,011 shares of the company’s stock worth $5,182,000 after acquiring an additional 6,055 shares during the period. Finally, BlackRock Inc. boosted its position in Computer Programs & Systems by 6.1% during the 3rd quarter. BlackRock Inc. now owns 1,775,310 shares of the company’s stock worth $47,669,000 after acquiring an additional 102,798 shares during the period. Institutional investors own 82.18% of the company’s stock.
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 helps 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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