Computer Programs & Systems, Inc. (NASDAQ:CPSI) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 969,000 shares, a growth of 30.8% from the July 31st total of 740,600 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average daily trading volume, of 119,200 shares, the days-to-cover ratio is currently 8.1 days.
Several equities analysts have recently weighed in on CPSI shares. Zacks Investment Research cut Computer Programs & Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, August 12th. Dougherty & Co upgraded Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday. TheStreet cut Computer Programs & Systems from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. SunTrust Banks reduced their price target on Computer Programs & Systems from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 23rd. Finally, Cantor Fitzgerald set a $26.00 price objective on Computer Programs & Systems and gave the company a “hold” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Computer Programs & Systems currently has a consensus rating of “Hold” and a consensus price target of $27.41.
In other Computer Programs & Systems news, SVP Troy D. Rosser sold 5,620 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $21.21, for a total value of $119,200.20. Following the completion of the sale, the senior vice president now directly owns 41,509 shares of the company’s stock, valued at $880,405.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John B. Douglas, Jr. sold 2,605 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $28.28, for a total value of $73,669.40. Following the completion of the sale, the insider now directly owns 237,963 shares of the company’s stock, valued at $6,729,593.64. The disclosure for this sale can be found here. Insiders sold 10,830 shares of company stock valued at $264,533 over the last three months. Company insiders own 12.30% of the company’s stock.
CPSI stock traded down $0.04 during mid-day trading on Thursday, hitting $23.99. 1,894 shares of the stock were exchanged, compared to its average volume of 129,275. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.55. The business has a fifty day moving average price of $23.00 and a 200 day moving average price of $27.16. Computer Programs & Systems has a 12 month low of $20.72 and a 12 month high of $34.00. The stock has a market capitalization of $344.95 million, a price-to-earnings ratio of 12.37, a PEG ratio of 2.15 and a beta of 0.53.
Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.18. Computer Programs & Systems had a return on equity of 14.04% and a net margin of 6.66%. The firm had revenue of $66.16 million during the quarter, compared to analyst estimates of $68.74 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Computer Programs & Systems will post 0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, August 15th. Computer Programs & Systems’s dividend payout ratio (DPR) is currently 20.62%.
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 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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