Computer Programs and Systems (NASDAQ: CPSI – Get Rating) upgraded equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.
Several other equity research analysts have also recently been evaluated by CPSI. SVB Leerink raised their price target for Computer Programs and Systems shares from $ 35.00 to $ 38.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft raised their price target for shares in Computer Programs and Systems from $ 39.00 to $ 43.00 in a report on Thursday, May 5th.
Shares of Computer Programs and Systems stock traded at $ 0.48 during trading on Tuesday, hitting $ 32.44. 52,531 shares of the stock were traded hands -on, compared to its average volume of 90,796. The firm has an immediate ratio of 1.72, a current ratio of 1.73 and a debt-to-equity ratio of 0.59. The stock has a market cap of $ 478.94 million, price-to-earnings ratio of 21.20, PEG ratio of 0.81 and beta of 0.68. The company’s fifty-day moving average is $ 32.05 and its 200-day moving average is $ 31.21. Computer Programs and Systems had a 52 -week low of $ 26.11 and a 52 -week high of $ 37.62.
Computer Programs and Systems (NASDAQ: CPSI – Get Rating) last posted their quarterly earnings results on Tuesday, May 3rd. The company reported $ 0.70 earnings per share (EPS) for the quarter, leading to an estimated $ 0.58 to $ 0.12. The business had revenue of $ 77.87 million for the quarter, compared to the analyst’s estimate of $ 74.98 million. Computer Programs and Systems had a return on equity of 16.43% and a net margin of 7.71%. In the same period last year, the company earned $ 0.28 EPS. On average, analysts predict that Computer Programs and Systems will post 2.65 revenue per share for the current financial year.
In other Computer Programs and Systems news, VP Robert D. Hinckle sold 5,975 shares of the stock in one transaction on Friday, May 13. The shares sold at an average price of $ 32.19, for the total transaction. of $ 192,335.25. Following the transaction, the vice president now directly owns 37,000 shares of the company’s stock, valued at $ 1,191,030. The transaction was disclosed in an SEC legal filing, which can be accessed through the SEC website. Also, insider David A. Dye sold 1,000 shares of the stock in one transaction on Friday, April 1. The shares were sold at an average price of $ 34.87, for a total transaction of $ 34,870.00. Following the transaction, the insider now directly owns 68,265 shares of the company, valued at $ 2,380,400.55. The disclosure of this sale can be found here. In the last quarter, insiders sold 12,925 shares of the company’s stock worth $ 418,444. 4.20% of the stock is currently owned by company insiders.
Many institutional investors and hedge funds have recently made changes to their business positions. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Computer Programs and Systems by 252.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock worth $ 88,000 after acquiring an additional 2,151 shares in the previous quarter. Adams Wealth Management increased its stake in Computer Programs and Systems by 37.2% in the 4th quarter. Adams Wealth Management now owns 15,917 shares of the company’s stock worth $ 466,000 after buying an additional 4,318 shares during that period. Leavell Investment Management Inc. acquired a new position in Computer Programs and Systems in the 4th quarter worth $ 219,000. Thrivent Financial for Lutherans raised its position in shares of Computer Programs and Systems by 13.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 11,840 shares of the company’s stock worth $ 420,000 after buying an additional 1,364 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in the segment of Computer Programs and Systems by 579.3% in the 3rd quarter. The two Sigma Advisers LP now owns 47,100 shares of the company’s stock worth $ 1,670,000 after buying an additional 40,166 shares last quarter. Institutional investors and hedge funds own 87.05% of the company’s stock.
About Computer Programs and Systems (Get a Rating)
Computer Programs and Systems, Inc. provides healthcare information technology solutions and services in the United States and the Caribbean country of St. Louis. 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 patient care process; and financial accounting software, which offers business office applications to track and coordinate information needed for management decision -making.
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