Computer Programs & Systems, Inc. (NASDAQ:CPSI) insider John B. Douglas, Jr. sold 2,605 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $27.51, for a total value of $71,663.55. Following the completion of the sale, the insider now directly owns 240,568 shares in the company, valued at $6,618,025.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
CPSI traded down $0.33 on Thursday, hitting $27.50. 62,732 shares of the company traded hands, compared to its average volume of 129,790. The stock’s 50 day moving average is $26.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.71 and a quick ratio of 1.67. The firm has a market cap of $399.36 million, a PE ratio of 14.18, a PEG ratio of 1.83 and a beta of 0.43. Computer Programs & Systems, Inc. has a 12-month low of $23.81 and a 12-month high of $34.45.
Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The business had revenue of $69.14 million for the quarter, compared to analyst estimates of $70.81 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts expect that Computer Programs & Systems, Inc. will post 1.49 EPS for the current fiscal year.
A number of equities analysts recently commented on CPSI shares. SunTrust Banks lifted their price objective on Everbridge to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Dougherty & Co reissued a “buy” rating and set a $18.50 target price (up previously from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Cantor Fitzgerald reissued a “hold” rating and set a $8.00 target price on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Co cut Mylan from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $33.00 to $22.00 in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.01.
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 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.
Read More: What Are Treasury Bonds?
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.