Computer Programs & Systems (CPSI) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Computer Programs & Systems (NASDAQ:CPSI) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

A number of other analysts have also issued reports on the company. Cantor Fitzgerald reaffirmed a hold rating and issued a $32.00 target price on shares of Computer Programs & Systems in a report on Friday, February 15th. Zacks Investment Research downgraded Computer Programs & Systems from a buy rating to a hold rating in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded Computer Programs & Systems from a sell rating to a hold rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $28.83.

CPSI opened at $32.50 on Monday. The company has a market capitalization of $466.67 million, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.91 and a beta of 0.18. The company has a current ratio of 1.82, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. Computer Programs & Systems has a 12-month low of $23.81 and a 12-month high of $34.65.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Friday, February 15th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.20. The firm had revenue of $72.30 million for the quarter, compared to analyst estimates of $74.06 million. Computer Programs & Systems had a return on equity of 17.65% and a net margin of 6.29%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Research analysts expect that Computer Programs & Systems will post 1.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. Computer Programs & Systems’s dividend payout ratio is currently 20.62%.

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $9,872,000. Legal & General Group Plc lifted its position in shares of Computer Programs & Systems by 2.2% in the 4th quarter. Legal & General Group Plc now owns 26,072 shares of the company’s stock worth $656,000 after acquiring an additional 562 shares during the period. Globeflex Capital L P bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $418,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Computer Programs & Systems in the 4th quarter worth approximately $86,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Computer Programs & Systems by 337.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,524 shares of the company’s stock worth $114,000 after acquiring an additional 3,490 shares during the period. Institutional investors own 88.11% 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 helps 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.

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Analyst Recommendations for Computer Programs & Systems (NASDAQ:CPSI)

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