Computer Programs & Systems (NASDAQ:CPSI) Lifted to Buy at BidaskClub

Computer Programs & Systems (NASDAQ:CPSI) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, June 26th, BidAskClub reports.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $8.00 price objective on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Wells Fargo & Co cut Mylan from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $33.00 to $22.00 in a research note on Tuesday, May 7th. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Finally, SunTrust Banks increased their target price on Everbridge to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.01.

Computer Programs & Systems stock traded down $0.33 during trading hours on Wednesday, hitting $27.50. 79,692 shares of the stock were exchanged, compared to its average volume of 129,790. Computer Programs & Systems has a 12 month low of $23.81 and a 12 month high of $34.45. The stock has a 50-day moving average of $26.81. The stock has a market capitalization of $399.36 million, a PE ratio of 14.17, a P/E/G ratio of 1.83 and a beta of 0.43. The company has a quick ratio of 1.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.73.

Computer Programs & Systems (NASDAQ:CPSI) last issued its earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). The firm had revenue of $69.14 million during the quarter, compared to the consensus estimate of $70.81 million. Computer Programs & Systems had a net margin of 6.14% and a return on equity of 15.09%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. As a group, sell-side analysts expect that Computer Programs & Systems will post 1.49 EPS for the current year.

In related news, insider Victor S. Schneider sold 7,126 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $26.57, for a total transaction of $189,337.82. Following the completion of the transaction, the insider now directly owns 58,179 shares of the company’s stock, valued at approximately $1,545,816.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher L. Fowler sold 1,500 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $29.99, for a total value of $44,985.00. Following the transaction, the chief operating officer now directly owns 68,044 shares of the company’s stock, valued at $2,040,639.56. The disclosure for this sale can be found here. Insiders sold 38,605 shares of company stock worth $1,069,138 over the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in Computer Programs & Systems during the 2nd quarter worth $519,000. Marshall Wace LLP raised its position in Computer Programs & Systems by 41.2% in the first quarter. Marshall Wace LLP now owns 203,250 shares of the company’s stock valued at $6,034,000 after purchasing an additional 59,306 shares during the period. Campbell & CO Investment Adviser LLC raised its position in Computer Programs & Systems by 45.5% in the first quarter. Campbell & CO Investment Adviser LLC now owns 19,719 shares of the company’s stock valued at $585,000 after purchasing an additional 6,162 shares during the period. Globeflex Capital L P raised its position in Computer Programs & Systems by 163.4% in the first quarter. Globeflex Capital L P now owns 43,834 shares of the company’s stock valued at $1,301,000 after purchasing an additional 27,191 shares during the period. Finally, Acadian Asset Management LLC raised its position in Computer Programs & Systems by 1,716.9% in the first quarter. Acadian Asset Management LLC now owns 110,759 shares of the company’s stock valued at $3,288,000 after purchasing an additional 104,663 shares during the period. 79.27% of the stock is owned by institutional investors and hedge funds.

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 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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Analyst Recommendations for Computer Programs & Systems (NASDAQ:CPSI)

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