Computer Programs & Systems (CPSI) Stock Rating Upgraded by BidaskClub

Computer Programs & Systems (NASDAQ:CPSI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other research firms have also recently weighed in on CPSI. Zacks Investment Research cut Computer Programs & Systems from a “buy” rating to a “sell” rating in a report on Tuesday, July 24th. SunTrust Banks reaffirmed a “hold” rating and set a $30.00 price target on shares of Computer Programs & Systems in a report on Thursday, August 9th. Robert W. Baird dropped their price target on Computer Programs & Systems from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, August 7th. ValuEngine cut Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a report on Sunday, August 5th. Finally, Piper Jaffray Companies dropped their price target on Computer Programs & Systems to $29.00 and set a “neutral” rating for the company in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.67.

Shares of CPSI opened at $28.06 on Wednesday. Computer Programs & Systems has a 1 year low of $24.80 and a 1 year high of $34.65. The company has a market capitalization of $378.91 million, a PE ratio of 21.10, a P/E/G ratio of 1.72 and a beta of -0.01. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.87.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.31. Computer Programs & Systems had a positive return on equity of 16.74% and a negative net margin of 4.02%. The firm had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $70.87 million. During the same period last year, the firm posted $0.43 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Computer Programs & Systems will post 1.51 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Computer Programs & Systems by 3.7% in the 1st quarter. BlackRock Inc. now owns 1,512,614 shares of the company’s stock valued at $44,168,000 after buying an additional 54,534 shares during the last quarter. Principal Financial Group Inc. boosted its position in Computer Programs & Systems by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 85,430 shares of the company’s stock valued at $2,495,000 after buying an additional 2,054 shares during the last quarter. UBS Group AG boosted its position in Computer Programs & Systems by 57.4% in the 1st quarter. UBS Group AG now owns 9,070 shares of the company’s stock valued at $265,000 after buying an additional 3,306 shares during the last quarter. Barclays PLC boosted its position in Computer Programs & Systems by 131.1% in the 1st quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after buying an additional 2,494 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Computer Programs & Systems by 7,658.4% in the 1st quarter. Royal Bank of Canada now owns 13,810 shares of the company’s stock valued at $403,000 after buying an additional 13,632 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

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 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.

See Also: How Do You Calculate Return on Equity (ROE)?

Analyst Recommendations for Computer Programs & Systems (NASDAQ:CPSI)

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.

Leave a Reply