Computer Programs and Systems (NASDAQ:CPSI) Upgraded at StockNews.com

StockNews.com upgraded shares of Computer Programs and Systems (NASDAQ:CPSIGet Rating) from a buy rating to a strong-buy rating in a research report released on Wednesday.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Computer Programs and Systems from $39.00 to $43.00 in a research report on Thursday, May 5th. Zacks Investment Research upgraded shares of Computer Programs and Systems from a hold rating to a buy rating and set a $37.00 target price for the company in a research report on Tuesday, April 19th. Finally, SVB Leerink increased their target price on shares of Computer Programs and Systems from $35.00 to $38.00 and gave the stock an outperform rating in a research report on Thursday, March 3rd.

NASDAQ:CPSI opened at $31.98 on Wednesday. The company has a 50-day moving average of $33.13 and a 200-day moving average of $31.24. The company has a market capitalization of $472.02 million, a price-to-earnings ratio of 20.90, a PEG ratio of 0.85 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 company has a debt-to-equity ratio of 0.59, a quick ratio of 1.72 and a current ratio of 1.73.

Computer Programs and Systems (NASDAQ:CPSIGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $77.87 million during the quarter, compared to the consensus estimate of $74.98 million. Computer Programs and Systems had a net margin of 7.71% and a return on equity of 16.43%. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts forecast that Computer Programs and Systems will post 2.54 EPS for the current year.

In other Computer Programs and Systems news, CEO John B. Douglas, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $32.45, for a total value of $32,450.00. Following the completion of the sale, the chief executive officer now owns 232,865 shares in the company, valued at approximately $7,556,469.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert D. Hinckle sold 5,975 shares of the firm’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $32.19, for a total transaction of $192,335.25. Following the completion of the sale, the vice president now owns 37,000 shares of the company’s stock, valued at approximately $1,191,030. The disclosure for this sale can be found here. Insiders sold a total of 11,434 shares of company stock valued at $376,504 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Several large investors have recently modified their holdings of CPSI. Point72 Hong Kong Ltd acquired a new stake in shares of Computer Programs and Systems during the 1st quarter worth approximately $25,000. Captrust Financial Advisors grew its position in shares of Computer Programs and Systems by 95.8% during the 1st quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after buying an additional 574 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Computer Programs and Systems during the 3rd quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Computer Programs and Systems by 252.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock worth $88,000 after buying an additional 2,151 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Computer Programs and Systems by 775.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,473 shares of the company’s stock worth $154,000 after buying an additional 3,962 shares during the period. Institutional investors own 87.05% of the company’s stock.

Computer Programs and Systems Company Profile (Get 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 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.

Featured Stories

Receive News & Ratings for Computer Programs and Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs and Systems and related companies with MarketBeat.com's FREE daily email newsletter.