Computer Programs & Systems (CPSI) Price Target Cut to $30.00

Computer Programs & Systems (NASDAQ:CPSI) had its target price decreased by SunTrust Banks to $30.00 in a research report sent to investors on Tuesday morning, The Fly reports. SunTrust Banks currently has a hold rating on the stock.

Several other equities research analysts have also weighed in on the company. Cantor Fitzgerald reissued a hold rating and issued a $32.00 price objective on shares of Computer Programs & Systems in a report on Friday, February 15th. BidaskClub lowered Computer Programs & Systems from a buy rating to a hold rating in a report on Saturday, March 16th. Zacks Investment Research lowered Computer Programs & Systems from a buy rating to a hold rating in a report on Monday, February 4th. Finally, ValuEngine raised Computer Programs & Systems from a sell rating to a hold rating in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $29.01.

Shares of Computer Programs & Systems stock traded down $0.63 during trading hours on Tuesday, hitting $27.60. 1,172 shares of the company’s stock traded hands, compared to its average volume of 137,773. Computer Programs & Systems has a 12-month low of $23.81 and a 12-month high of $34.65. The firm has a market cap of $408.55 million, a PE ratio of 14.26, a P/E/G ratio of 1.63 and a beta of 0.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.71 and a quick ratio of 1.67.

Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.07). Computer Programs & Systems had a net margin of 6.14% and a return on equity of 15.14%. The business had revenue of $69.14 million for the quarter, compared to analysts’ expectations of $70.81 million. During the same period in the prior year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Computer Programs & Systems will post 1.59 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, May 15th. Computer Programs & Systems’s dividend payout ratio (DPR) is currently 20.62%.

In other Computer Programs & Systems news, insider David A. Dye sold 1,502 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $29.53, for a total value of $44,354.06. Following the completion of the transaction, the insider now owns 83,203 shares in the company, valued at approximately $2,456,984.59. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matt J. Chambless sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $28.66, for a total value of $286,600.00. Following the completion of the transaction, the chief financial officer now owns 43,185 shares of the company’s stock, valued at approximately $1,237,682.10. The disclosure for this sale can be found here. Company insiders own 12.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Mondrian Investment Partners LTD boosted its position in shares of Computer Programs & Systems by 0.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 104,609 shares of the company’s stock valued at $2,626,000 after acquiring an additional 376 shares during the last quarter. KBC Group NV boosted its position in shares of Computer Programs & Systems by 1.7% during the 4th quarter. KBC Group NV now owns 24,351 shares of the company’s stock valued at $611,000 after acquiring an additional 406 shares during the last quarter. Comerica Bank boosted its position in shares of Computer Programs & Systems by 4.2% during the 1st quarter. Comerica Bank now owns 12,065 shares of the company’s stock valued at $369,000 after acquiring an additional 488 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Computer Programs & Systems by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 97,201 shares of the company’s stock valued at $2,440,000 after acquiring an additional 527 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Computer Programs & Systems by 2.2% during the 4th quarter. Legal & General Group Plc now owns 26,072 shares of the company’s stock valued at $656,000 after acquiring an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

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.

Further Reading: Portfolio Manager

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