Computer Programs & Systems (CPSI) Hits New 12-Month Low at $24.29

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Shares of Computer Programs & Systems, Inc. (NASDAQ:CPSI) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $24.29 and last traded at $26.23, with a volume of 3978 shares traded. The stock had previously closed at $26.02.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating and set a $32.00 target price for the company in a research report on Wednesday, November 7th. BidaskClub upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. ValuEngine upgraded Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 14th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $28.00 price target on shares of Computer Programs & Systems in a report on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.83.

The firm has a market cap of $370.60 million, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.38 and a beta of -0.03. 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 (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 consensus estimate of $0.48 by $0.31. The business had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $70.87 million. Computer Programs & Systems had a positive return on equity of 16.74% and a negative net margin of 4.02%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. Analysts forecast that Computer Programs & Systems, Inc. will post 1.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Wednesday, November 14th. Computer Programs & Systems’s dividend payout ratio is presently 30.08%.

In other news, major shareholder Francisco Partners Gp Ii, Lp sold 42,590 shares of Computer Programs & Systems stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $25.57, for a total value of $1,089,026.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. 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 worth $55,026,000 after purchasing an additional 159,898 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Computer Programs & Systems in the 2nd quarter worth approximately $1,842,000. BP PLC purchased a new position in shares of Computer Programs & Systems in the 3rd quarter worth approximately $253,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Computer Programs & Systems by 5.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,011 shares of the company’s stock worth $5,199,000 after purchasing an additional 7,522 shares during the period. Finally, KBC Group NV purchased a new position in shares of Computer Programs & Systems in the 2nd quarter worth approximately $170,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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Computer Programs & Systems Company Profile (NASDAQ:CPSI)

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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