BidaskClub downgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a hold rating to a sell rating in a research note published on Tuesday morning.
A number of other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Computer Programs & Systems from a sell rating to a hold rating in a research note on Monday. Zacks Investment Research cut shares of Computer Programs & Systems from a buy rating to a hold rating in a research note on Monday. Finally, Cantor Fitzgerald reissued a hold rating and set a $28.00 price objective on shares of Computer Programs & Systems in a research note on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Computer Programs & Systems presently has a consensus rating of Hold and an average target price of $27.33.
Shares of CPSI opened at $26.33 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.80 and a quick ratio of 1.77. Computer Programs & Systems has a 1-year low of $23.81 and a 1-year high of $34.65. The company has a market cap of $370.99 million, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.18.
In other Computer Programs & Systems news, major shareholder Francisco Partners Gp Ii, Lp sold 11,503 shares of Computer Programs & Systems stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $25.81, for a total value of $296,892.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new position in shares of Computer Programs & Systems in the 4th quarter valued at $26,000. BlackRock Inc. boosted its holdings in shares of Computer Programs & Systems by 10.6% in the 2nd quarter. BlackRock Inc. now owns 1,672,512 shares of the company’s stock valued at $55,026,000 after purchasing an additional 159,898 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Computer Programs & Systems in the 2nd quarter valued at $1,842,000. Algert Global LLC acquired a new position in shares of Computer Programs & Systems in the 4th quarter valued at $1,291,000. Finally, Stadium Capital Management LLC boosted its holdings in shares of Computer Programs & Systems by 5.9% in the 3rd quarter. Stadium Capital Management LLC now owns 681,966 shares of the company’s stock valued at $18,311,000 after purchasing an additional 38,150 shares during the last quarter. 85.86% of the stock is owned by hedge funds and other institutional investors.
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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