Computer Programs & Systems (NASDAQ:CPSI) Upgraded by Dougherty & Co to “Buy”

Share on StockTwits

Dougherty & Co upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. Dougherty & Co currently has $26.00 target price on the stock.

Several other research firms have also recently commented on CPSI. SunTrust Banks dropped their target price on shares of 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. TheStreet cut shares of Computer Programs & Systems from a b rating to a c+ rating in a research report on Tuesday, August 6th. Cantor Fitzgerald set a $26.00 target price on shares of Computer Programs & Systems and gave the stock a hold rating in a research report on Wednesday, August 7th. BidaskClub cut shares of Computer Programs & Systems from a sell rating to a strong sell rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research cut shares of Computer Programs & Systems from a hold rating to a strong sell rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $27.41.

NASDAQ:CPSI opened at $23.81 on Tuesday. The company has a 50-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 company has a current ratio of 1.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The stock has a market cap of $335.77 million, a price-to-earnings ratio of 12.27, a P/E/G ratio of 2.32 and a beta of 0.53.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.18. Computer Programs & Systems had a net margin of 6.66% and a return on equity of 14.04%. The firm had revenue of $66.16 million during the quarter, compared to analysts’ expectations of $68.74 million. During the same period last year, the company posted $0.34 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts forecast that Computer Programs & Systems will post 0.98 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.68%. Computer Programs & Systems’s payout ratio is 20.62%.

In related news, SVP Troy D. Rosser sold 5,620 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $21.21, for a total value of $119,200.20. Following the completion of the transaction, the senior vice president now directly owns 41,509 shares in the company, valued at approximately $880,405.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John B. Douglas, Jr. sold 2,605 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $27.51, for a total transaction of $71,663.55. Following the completion of the transaction, the insider now owns 240,568 shares of the company’s stock, valued at $6,618,025.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,830 shares of company stock valued at $264,533. 12.30% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Arizona State Retirement System increased its stake in shares of Computer Programs & Systems by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 18,928 shares of the company’s stock worth $526,000 after acquiring an additional 462 shares in the last quarter. Comerica Bank increased its stake in shares of Computer Programs & Systems by 4.2% in the 1st quarter. Comerica Bank now owns 12,065 shares of the company’s stock worth $369,000 after acquiring an additional 488 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Computer Programs & Systems by 7.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 11,987 shares of the company’s stock valued at $333,000 after purchasing an additional 784 shares in the last quarter. Hancock Whitney Corp increased its stake in Computer Programs & Systems by 3.1% during the 2nd quarter. Hancock Whitney Corp now owns 28,112 shares of the company’s stock valued at $781,000 after purchasing an additional 833 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in Computer Programs & Systems by 12.4% during the 2nd quarter. GSA Capital Partners LLP now owns 9,564 shares of the company’s stock valued at $266,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors own 79.18% of the company’s stock.

About Computer Programs & Systems

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.

Recommended Story: How interest rates affect municipal bond prices

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



Latest News

Coastal Investment Advisors Inc. Sells 451 Shares of S & T Bancorp Inc
Coastal Investment Advisors Inc. Sells 451 Shares of S & T Bancorp Inc
Coastal Investment Advisors Inc. Decreases Position in Williams Companies Inc
Coastal Investment Advisors Inc. Decreases Position in Williams Companies Inc
Q2 2020 EPS Estimates for Carter’s, Inc. Cut by B. Riley
Q2 2020 EPS Estimates for Carter’s, Inc. Cut by B. Riley
Alibaba Group Holding Ltd  Shares Sold by 180 Wealth Advisors LLC
Alibaba Group Holding Ltd Shares Sold by 180 Wealth Advisors LLC
United Parcel Service, Inc.  Receives $121.64 Consensus Price Target from Brokerages
United Parcel Service, Inc. Receives $121.64 Consensus Price Target from Brokerages
Brokerages Set SkyWest, Inc.  PT at $67.63
Brokerages Set SkyWest, Inc. PT at $67.63


© 2006-2019 Ticker Report