SunTrust Banks, Inc. reissued their hold rating on shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) in a research note issued to investors on Thursday morning. SunTrust Banks, Inc. currently has a $32.00 price objective on the stock, down from their previous price objective of $35.00. SunTrust Banks also issued estimates for Computer Programs and Systems’ FY2017 earnings at $1.23 EPS.
A number of other equities research analysts have also issued reports on the company. BidaskClub lowered Computer Programs and Systems from a hold rating to a sell rating in a research note on Thursday, July 6th. Zacks Investment Research raised Computer Programs and Systems from a hold rating to a strong-buy rating and set a $37.00 target price on the stock in a research note on Wednesday, July 5th. ValuEngine raised Computer Programs and Systems from a sell rating to a hold rating in a research note on Tuesday, June 6th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $30.00 target price (up previously from $27.00) on shares of Computer Programs and Systems in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $28.88.
Computer Programs and Systems (NASDAQ CPSI) opened at 28.05 on Thursday. The stock has a market cap of $376.68 million, a P/E ratio of 72.29 and a beta of 0.23. Computer Programs and Systems has a 52-week low of $18.25 and a 52-week high of $36.15. The stock has a 50 day moving average price of $29.56 and a 200 day moving average price of $30.10.
Computer Programs and Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The company had revenue of $67.70 million during the quarter, compared to analysts’ expectations of $69.56 million. During the same period in the previous year, the company posted $0.48 EPS. Computer Programs and Systems’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Computer Programs and Systems will post $1.65 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This is an increase from Computer Programs and Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 4.28%. Computer Programs and Systems’s payout ratio is 300.00%.
In other Computer Programs and Systems news, insider David A. Dye sold 3,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $29.01, for a total value of $87,030.00. Following the completion of the transaction, the insider now directly owns 61,568 shares in the company, valued at approximately $1,786,087.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victor S. Schneider sold 5,700 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $33.18, for a total value of $189,126.00. Following the completion of the transaction, the insider now owns 43,352 shares of the company’s stock, valued at $1,438,419.36. The disclosure for this sale can be found here. Insiders sold a total of 16,735 shares of company stock valued at $530,689 over the last quarter. 3.70% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its holdings in Computer Programs and Systems by 77.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock valued at $125,000 after acquiring an additional 1,667 shares during the last quarter. OppenheimerFunds Inc. acquired a new position in Computer Programs and Systems in the 1st quarter valued at $210,000. Thrivent Financial For Lutherans acquired a new position in Computer Programs and Systems in the 2nd quarter valued at $211,000. Voya Investment Management LLC acquired a new position in Computer Programs and Systems in the 2nd quarter valued at $211,000. Finally, Texas Permanent School Fund acquired a new position in Computer Programs and Systems in the 1st quarter valued at $217,000.
Computer Programs and Systems Company Profile
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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