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Computer Programs and Systems (NASDAQ:CPSI) Rating Lowered to Buy at StockNews.com



StockNews.com downgrades shares of Computer Programs & Systems (NASDAQ:CPSI – Get Ratings) from a strong-buy rating to a buy rating in a research report sent to investors on Monday.

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Computer Programs and Systems from $39.00 to $43.00 in a research note on Thursday, May 5th.

Stock Performance Computer Programs and Systems

Computer Programs and Systems stock opened at $34.19 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $32.19 and a 200-day moving average of $31.81. The company has a market cap of $504.78 million, a P/E ratio of 22.35, a P/E/G ratio of 0.85 and a beta of 0.64. Computer Programs and Systems has a 1 year low of $26.11 and a 1 year high of $37.62.

Computer Programs and Systems (NASDAQ:CPSI – Get Rating ) last posted its earnings results on Tuesday, May 3. The company reported $0.70 earnings per share for the quarter, topping the analysts estimated $0.58 to $0.12. Computer Programs and Systems had a net margin of 7.71% and a return on equity of 16.43%. The company had revenue of $77.87 million for the quarter, compared to analyst estimates of $74.98 million. During the same period last year, the business posted $0.28 earnings per share. sell-side analysts anticipate that Computer Programs & Systems will post 2.65 EPS for the current year.

Insider Buying and Selling

In other Computer Programs and Systems news, CEO Christopher L. Fowler sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $31.79, for a total transaction of $31,790.00. Following the completion of the transaction, the chief executive officer now owns 67,038 shares of the company’s stock, valued at $2,131,138.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Computer Programs and Systems news, CEO Christopher L. Fowler sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $31.79, for a total transaction of $31,790.00. Following the completion of the transaction, the chief executive officer now owns 67,038 shares of the company’s stock, valued at $2,131,138.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn Tobin sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 18. The shares were sold at an average price of $32.29, for a total transaction of $64,580.00. Following the transaction, the director now directly owns 19,742 shares of the company’s stock, valued at approximately $637,469.18. Disclosure of this sale can be found here. Insiders have sold a total of 12,675 shares of company stock worth $406,266 over the last three months. Corporate insiders own 4.20% of the company’s stock.

Institutions Investing in Computer Programs and Systems

A number of institutional investors and hedge funds have recently made changes to their positions in CPSI. Point72 Hong Kong Ltd purchased a new stake in shares of Computer Programs and Systems during the first quarter worth approximately $25,000. Denali Advisors LLC purchased a new stake in shares of Computer Programs and Systems during the second quarter worth approximately $29,000. Dorsey Wright & Associates bought a new stake in shares of Computer Programs and Systems during the second quarter worth approximately $35,000. Captrust Financial Advisors lifted its position in shares of Computer Programs and Systems by 95.8% in the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock valued at $40,000 after acquiring an additional 574 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 valued at $88,000 after acquiring an additional 2,151 shares during the last quarter. Institutional investors own 87.05% of the company’s stock.

About Computer Programs and Systems

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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 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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