Computer Programs and Systems, Inc. (NASDAQ:CPSI)‘s stock had its “neutral” rating restated by equities researchers at Robert W. Baird in a research note issued to investors on Friday. They currently have a $30.00 target price on the stock, up from their prior target price of $27.00. Robert W. Baird’s target price would suggest a potential downside of 8.26% from the company’s current price.
CPSI has been the topic of a number of other research reports. Dougherty & Co reissued a “buy” rating and issued a $31.00 target price (up previously from $30.00) on shares of Computer Programs and Systems in a research report on Monday, February 27th. Zacks Investment Research raised Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 16th. ValuEngine raised Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $24.00 target price on shares of Computer Programs and Systems in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.78.
Shares of Computer Programs and Systems (NASDAQ:CPSI) traded up 1.08% on Friday, reaching $32.70. The company had a trading volume of 149,499 shares. The stock has a market capitalization of $438.57 million, a P/E ratio of 75.52 and a beta of 0.27. Computer Programs and Systems has a 1-year low of $18.25 and a 1-year high of $42.01. The company’s 50 day moving average price is $32.42 and its 200-day moving average price is $27.09.
Computer Programs and Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $66.10 million. Computer Programs and Systems had a net margin of 2.23% and a return on equity of 10.09%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. Equities analysts predict that Computer Programs and Systems will post $1.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Tuesday, May 16th. Computer Programs and Systems’s dividend payout ratio is currently 181.82%.
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In other news, COO Christopher L. Fowler sold 3,939 shares of the company’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $27.81, for a total transaction of $109,543.59. Following the sale, the chief operating officer now owns 18,754 shares of the company’s stock, valued at $521,548.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Rosser sold 2,715 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $27.92, for a total value of $75,802.80. Following the sale, the insider now directly owns 20,041 shares in the company, valued at approximately $559,544.72. The disclosure for this sale can be found here. Insiders have sold 10,654 shares of company stock worth $313,038 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in Computer Programs and Systems by 3.9% in the fourth quarter. State Street Corp now owns 268,938 shares of the company’s stock worth $6,349,000 after buying an additional 10,076 shares in the last quarter. Columbia Wanger Asset Management LLC purchased a new position in shares of Computer Programs and Systems during the fourth quarter worth approximately $11,991,000. FMR LLC increased its position in shares of Computer Programs and Systems by 50.9% in the fourth quarter. FMR LLC now owns 167,500 shares of the company’s stock worth $3,953,000 after buying an additional 56,479 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Computer Programs and Systems during the fourth quarter worth approximately $1,019,000. Finally, Francisco Partners Management LP purchased a new position in shares of Computer Programs and Systems during the fourth quarter worth approximately $46,388,000.
About Computer Programs and Systems
Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).
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