Shares of Computer Programs and Systems, Inc. (NASDAQ:CPSI) have earned a consensus rating of "Hold" from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.14.
Several analysts have commented on the company. KeyCorp raised Computer Programs and Systems from an "underweight" rating to a "sector weight" rating in a research note on Thursday, September 10th. ValuEngine raised shares of Computer Programs and Systems from a "sell" rating to a "hold" rating in a report on Thursday, October 1st. SVB Leerink boosted their target price on Computer Programs and Systems from $31.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, September 10th. Truist upped their target price on Computer Programs and Systems from $24.00 to $28.00 in a report on Tuesday, September 1st. Finally, Zacks Investment Research downgraded Computer Programs and Systems from a "buy" rating to a "hold" rating in a research note on Tuesday, November 10th.
In other Computer Programs and Systems news, VP James B. Britain sold 9,330 shares of Computer Programs and Systems stock in a transaction on Friday, November 13th. The shares were sold at an average price of $29.75, for a total value of $277,567.50. Following the transaction, the vice president now owns 12,997 shares in the company, valued at approximately $386,660.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John B. Douglas, Jr. sold 1,000 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $27.05, for a total transaction of $27,050.00. Insiders have sold 61,553 shares of company stock worth $1,754,396 over the last quarter. 12.30% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in CPSI. Vanguard Group Inc. raised its holdings in shares of Computer Programs and Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 946,689 shares of the company's stock valued at $21,576,000 after buying an additional 2,873 shares during the period. State Street Corp increased its stake in Computer Programs and Systems by 27.4% during the 1st quarter. State Street Corp now owns 461,642 shares of the company's stock worth $10,272,000 after buying an additional 99,261 shares during the period. LSV Asset Management increased its stake in Computer Programs and Systems by 37.1% during the 3rd quarter. LSV Asset Management now owns 337,724 shares of the company's stock worth $9,324,000 after buying an additional 91,326 shares during the period. Bank of New York Mellon Corp increased its stake in Computer Programs and Systems by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 189,792 shares of the company's stock worth $4,326,000 after buying an additional 12,105 shares during the period. Finally, Prudential Financial Inc. increased its stake in Computer Programs and Systems by 5.7% during the 2nd quarter. Prudential Financial Inc. now owns 174,798 shares of the company's stock worth $3,984,000 after buying an additional 9,403 shares during the period. Institutional investors own 73.40% of the company's stock.
Shares of NASDAQ CPSI traded up $1.54 during trading on Tuesday, reaching $30.15. The stock had a trading volume of 1,623 shares, compared to its average volume of 92,975. Computer Programs and Systems has a fifty-two week low of $16.93 and a fifty-two week high of $35.78. The company has a market cap of $415.19 million, a P/E ratio of 19.29, a PEG ratio of 1.90 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.89 and a current ratio of 1.92. The business's 50-day moving average price is $28.54 and its 200-day moving average price is $25.76.
About Computer Programs and 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.
Read More: What is a CD ladder?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Top Ten Brokerages You Can Trust
There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 250,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.
MarketBeat has developed a system to track each brokerage and research house's stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple's stock price would hit $150.00 on a specific date, how accurate were they? If Bank of America issued a "strong-buy" rating on a stock, how did that stock perform compared to the broader market over the following twelve months? This tracking system has been applied to the 1,000,000+ ratings that MarketBeat has tracked during the last ten years to identify which brokerages you can really trust (and which you can safely ignore).
This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their "buy" ratings and the accuracy of their price targets.
View the "Top Ten Brokerages You Can Trust".