Computer Programs & Systems, Inc. (CPSI) Receives $27.00 Consensus Price Target from Analysts

Share on StockTwits

Computer Programs & Systems, Inc. (NASDAQ:CPSI) has received an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.83.

Several equities research analysts have commented on CPSI shares. Zacks Investment Research raised shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Monday, July 30th. KeyCorp dropped their price objective on shares of Computer Programs & Systems from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Friday, August 3rd. BidaskClub raised shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine downgraded shares of Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a report on Sunday, August 5th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $28.00 price objective on shares of Computer Programs & Systems in a report on Thursday, November 1st.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Computer Programs & Systems by 10.6% in the second quarter. BlackRock Inc. now owns 1,672,512 shares of the company’s stock worth $55,026,000 after buying an additional 159,898 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Computer Programs & Systems by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 158,011 shares of the company’s stock worth $5,199,000 after buying an additional 7,522 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Computer Programs & Systems in the second quarter worth about $1,842,000. KBC Group NV purchased a new stake in shares of Computer Programs & Systems in the second quarter worth about $170,000. Finally, Wasatch Advisors Inc. lifted its holdings in shares of Computer Programs & Systems by 60.0% in the second quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock worth $6,580,000 after buying an additional 75,000 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

CPSI traded down $0.49 during trading on Monday, hitting $27.45. 107,502 shares of the company traded hands, compared to its average volume of 169,032. The firm has a market cap of $397.79 million, a P/E ratio of 20.64, a PEG ratio of 1.77 and a beta of -0.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.77 and a current ratio of 1.80. Computer Programs & Systems has a one year low of $24.80 and a one year high of $34.65.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.31. The company had revenue of $69.30 million during the quarter, compared to analyst estimates of $70.87 million. Computer Programs & Systems had a negative net margin of 4.02% and a positive return on equity of 16.74%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts predict that Computer Programs & Systems will post 1.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, November 14th. Computer Programs & Systems’s dividend payout ratio (DPR) is presently 30.08%.

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.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.