Computer Programs and Systems Inc. (NASDAQ:CPSI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Computer Programs and Systems, Inc has been serving the information technology needs of community healthcare providers for over twenty-seven years. Headquartered in Mobile, Alabama, the company provides a complete health information and patient care system that encompasses the full spectrum of financial and clinical applications. The CPSI System provides the most comprehensive single-source electronic medical record available and allows the realization of a true enterprise-wide electronic medical record. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital. “

A number of other equities research analysts also recently commented on CPSI. Leerink Swann reiterated a “market perform” rating and set a $26.00 price objective (down previously from $45.00) on shares of Computer Programs and Systems in a research report on Thursday, September 1st. Citigroup Inc. cut their price objective on Computer Programs and Systems from $47.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, September 22nd. KeyCorp reiterated a “sell” rating and set a $21.00 price objective on shares of Computer Programs and Systems in a research report on Friday, November 4th. William Blair reiterated a “market perform” rating on shares of Computer Programs and Systems in a research report on Thursday, November 3rd. Finally, SunTrust Banks Inc. lowered Computer Programs and Systems from a “buy” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $35.00 in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Computer Programs and Systems has an average rating of “Hold” and a consensus price target of $39.73.

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

Computer Programs and Systems (NASDAQ:CPSI) opened at 24.05 on Tuesday. Computer Programs and Systems has a 52 week low of $18.25 and a 52 week high of $59.16. The firm has a market cap of $320.95 million, a PE ratio of 58.09 and a beta of 0.37. The firm’s 50 day moving average price is $25.30 and its 200-day moving average price is $31.94.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.15. Computer Programs and Systems had a net margin of 2.16% and a return on equity of 13.45%. The company had revenue of $64.70 million for the quarter, compared to analyst estimates of $67.70 million. During the same quarter last year, the company posted $0.31 EPS. Computer Programs and Systems’s revenue was up 45.1% on a year-over-year basis. On average, analysts forecast that Computer Programs and Systems will post $1.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 17th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.99%. The ex-dividend date is Tuesday, November 15th. Computer Programs and Systems’s payout ratio is 218.18%.

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In other Computer Programs and Systems news, VP Robert D. Hinckle bought 4,000 shares of the stock in a transaction on Monday, November 28th. The shares were purchased at an average cost of $25.09 per share, with a total value of $100,360.00. Following the completion of the transaction, the vice president now directly owns 17,000 shares of the company’s stock, valued at approximately $426,530. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.57% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CPSI. Kayne Anderson Rudnick Investment Management LLC increased its position in Computer Programs and Systems by 32.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,579,718 shares of the company’s stock valued at $63,062,000 after buying an additional 388,847 shares during the last quarter. Vanguard Group Inc. increased its position in Computer Programs and Systems by 0.5% in the second quarter. Vanguard Group Inc. now owns 932,513 shares of the company’s stock valued at $37,226,000 after buying an additional 4,912 shares during the last quarter. Quantum Capital Management LLC NJ increased its position in Computer Programs and Systems by 7.4% in the third quarter. Quantum Capital Management LLC NJ now owns 911,152 shares of the company’s stock valued at $23,745,000 after buying an additional 62,650 shares during the last quarter. BlackRock Fund Advisors increased its position in Computer Programs and Systems by 9.5% in the third quarter. BlackRock Fund Advisors now owns 794,345 shares of the company’s stock valued at $20,701,000 after buying an additional 68,636 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Computer Programs and Systems by 22.9% in the third quarter. Wells Fargo & Company MN now owns 331,195 shares of the company’s stock valued at $8,631,000 after buying an additional 61,667 shares during the last quarter.

About Computer Programs and Systems

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 provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations.

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