StockNews.com Lowers Computer Programs and Systems (NASDAQ: CPSI) to Buy
A number of other stock analysts have also commented on CPSI. Zacks Investment Research upgraded computer programs and systems stocks from a “hold” rating to a “buy” rating and set a price target of $37.00 for the company in a Tuesday, April 19 research report. SVB Leerink raised its price target on computer programs and systems shares from $35.00 to $38.00 and gave the company an “outperform” rating in a Thursday, March 3 research report. Finally, Deutsche Bank Aktiengesellschaft raised its price target on computer programs and systems shares from $39.00 to $43.00 in a Thursday, May 5 research report.
NASDAQ:CPSI lost $0.01 on Friday, hitting $32.99. 65,346 shares of the company were traded, against an average volume of 92,346. The company has a debt ratio of 0.59, a current ratio of 1.73 and a quick ratio of 1.72. The company has a market capitalization of $487.06 million, a price/earnings ratio of 21.56, a P/E/G ratio of 0.84 and a beta of 0.68. Computer Programs and Systems has a 52-week low of $26.11 and a 52-week high of $37.62. The stock has a fifty-day simple moving average of $32.75 and a 200-day simple moving average of $31.00.
Computer programs and systems (NASDAQ:CPSI – Get a rating) last reported results on Tuesday, May 3. The company reported earnings per share of $0.70 for the quarter, beating analyst consensus estimates of $0.58 by $0.12. The company posted revenue of $77.87 million in the quarter, compared to analyst estimates of $74.98 million. Computer Programs and Systems generated a net margin of 7.71% and a return on equity of 16.43%. In the same quarter last year, the company earned $0.28 per share. As a group, sell-side analysts expect computer programs and systems to post a current-year EPS of 2.54.
In other computer programs and systems news, SVP James Patrick Murphy sold 1,238 shares of computer programs and systems in a trade that took place on Tuesday, March 8. The shares were sold at an average price of $33.81, for a total transaction of $41,856.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, insider David A. Dye sold 1,000 shares of computer programs and systems in a trade that took place on Friday, April 1. The shares were sold at an average price of $34.87, for a total transaction of $34,870.00. Following the sale, the insider now owns 68,265 shares of the company, valued at $2,380,400.55. Disclosure of this sale can be found here. During the last quarter, insiders sold 13,434 shares of the company valued at $441,084. 4.20% of the shares are currently held by insiders of the company.
A number of institutional investors have recently changed their positions in the company. Point72 Hong Kong Ltd bought a new position in shares of Computer Programs and Systems during the first quarter for a value of approximately $25,000. Captrust Financial Advisors increased its stake in shares of Computer Programs and Systems by 95.8% during the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company worth $40,000 after acquiring 574 additional shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Computer Programs and Systems during the third quarter worth approximately $51,000. Zurcher Kantonalbank Zurcher Kantonalbank increased its stake in Computer Programs and Systems by 252.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company worth $88,000 after acquiring 2,151 additional shares last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Computer Programs and Systems by 775.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,473 shares of the company worth $154,000 after acquiring 3,962 additional shares last quarter. Institutional investors and hedge funds own 87.05% of the company’s shares.
Company profile Computer programs and systems (Get a rating)
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 allows a hospital to identify a patient at various points in the healthcare delivery system, as well as collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business desktop applications to track and coordinate information needed for managerial decision-making.
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