CPSI has been the subject of several other research reports. Zacks Investment Research raised shares of Computer Programs & Systems from a sell rating to a hold rating in a report on Friday, November 10th. KeyCorp reaffirmed a sell rating and set a $21.00 price objective on shares of Computer Programs & Systems in a report on Friday, September 22nd. Robert W. Baird reiterated a hold rating and issued a $30.00 target price on shares of Computer Programs & Systems in a research report on Wednesday, October 4th. BidaskClub cut shares of Computer Programs & Systems from a sell rating to a strong sell rating in a research note on Tuesday, December 12th. Finally, Cantor Fitzgerald restated a hold rating and set a $28.00 price target on shares of Computer Programs & Systems in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $30.50.
Shares of Computer Programs & Systems (NASDAQ CPSI) traded down $0.20 on Thursday, reaching $29.65. The company’s stock had a trading volume of 51,700 shares, compared to its average volume of 82,233. The firm has a market capitalization of $410.62, a price-to-earnings ratio of 65.89, a P/E/G ratio of 1.90 and a beta of 0.13. Computer Programs & Systems has a one year low of $21.60 and a one year high of $36.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.24.
In other Computer Programs & Systems news, EVP Victor S. Schneider sold 1,695 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $29.45, for a total value of $49,917.75. Following the transaction, the executive vice president now directly owns 41,657 shares of the company’s stock, valued at approximately $1,226,798.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in Computer Programs & Systems by 18.9% in the 2nd quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock valued at $2,660,000 after buying an additional 12,869 shares in the last quarter. Northern Trust Corp boosted its position in shares of Computer Programs & Systems by 9.1% during the 2nd quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock valued at $5,365,000 after acquiring an additional 13,662 shares during the last quarter. HarbourVest Partners LLC acquired a new position in shares of Computer Programs & Systems during the 2nd quarter valued at about $527,000. Kennedy Capital Management Inc. grew its holdings in shares of Computer Programs & Systems by 35.7% in the second quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock valued at $7,458,000 after purchasing an additional 59,807 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Computer Programs & Systems by 0.3% in the second quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock valued at $1,046,000 after purchasing an additional 88 shares during the period. 95.25% of the stock is owned by hedge funds and other institutional investors.
Computer Programs & Systems Company Profile
Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).
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