Computer

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Brief Interest Update

Computer Programs and Systems logo

Computer Programs and Systems, Inc. (NASDAQ: CPSI – Get a rating) benefited from a significant drop in short-term interest rates in February. As of February 28, there was short interest totaling 272,100 shares, down 24.4% from February 13’s total of 359,700 shares. Based on an average trading volume of 99,400 shares, the short interest ratio is currently 2.7 days. Approximately 1.9% of the company’s shares are sold short.

NASDAQ: CPSI opened at $33.46 on Tuesday. The company’s 50-day moving average price is $29.72. The company has a market capitalization of $490.12 million, a price/earnings ratio of 26.56, a P/E/G ratio of 1.00 and a beta of 0.65. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt ratio of 0.43. Computer Programs and Systems has a 52-week low of $26.11 and a 52-week high of $37.62.

Computer programs and systems (NASDAQ:CPSI – Get a rating) last reported results on Tuesday, February 15. The company reported earnings per share of $0.63 for the quarter, beating the Zacks consensus estimate of $0.46 by $0.17. The company posted revenue of $74.00 million in the quarter, compared to $70.04 million expected by analysts. Computer programs and systems had a net margin of 6.57% and a return on equity of 14.09%. During the same period last year, the company posted earnings per share of $0.22. On average, stock analysts expect computer programs and systems to post earnings per share of 2.43 for the current fiscal year.

(A d)

SpaceX (and many other tech giants) is buying helium like crazy. And that’s because the world is running out of this incredibly valuable gas! Indeed, prices have already increased by 160% in recent years…

Several brokerages have recently released reports on CPSI. StockNews.com moved computer programs and systems stocks from a “buy” rating to a “strong buy” rating in a report on Thursday, February 17. SVB Leerink raised its price target on computer programs and systems stock from $35.00 to $38.00 and gave the company an “outperform” rating in a Thursday, March 3 research note. Zacks Investment Research downgraded computer programs and systems stocks from a “buy” rating to a “hold” rating in a Monday, Feb. 21 research note. Finally, Deutsche Bank Aktiengesellschaft raised its price target on computer programs and systems from $31.00 to $39.00 and gave the company a “holding” rating in a Friday, March 4 report. Three analysts rated the stock with a hold rating, one gave the company a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $35.00.

In other news, Insider David A. Dye sold 1,000 shares of the company in a transaction dated Monday, January 3. The shares were sold at an average price of $29.36, for a total value of $29,360.00. The transaction was disclosed in an SEC filing, which is available via this hyperlink. Additionally, CEO John B. Douglas, Jr. sold 2,000 shares of the company in a trade dated Thursday, February 17. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Disclosure of this sale can be found here. Insiders sold 7,459 shares of the company worth $228,889 in the past ninety days. 4.70% of the shares are currently held by company insiders.

A number of institutional investors and hedge funds have recently changed their stock holdings. BlackRock Inc. increased its stake in Computer Programs and Systems by 2.9% during the fourth quarter. BlackRock Inc. now owns 2,378,930 shares of the company valued at $69,703,000 after purchasing an additional 66,026 shares last quarter. River Road Asset Management LLC increased its holdings of computer programs and systems stocks by 16.7% in the fourth quarter. River Road Asset Management LLC now owns 1,191,870 shares of the company valued at $34,922,000 after purchasing an additional 170,638 shares last quarter. State Street Corp increased its position in computer programs and systems stocks by 7.3% in the fourth quarter. State Street Corp now owns 581,848 shares of the company worth $17,048,000 after purchasing an additional 39,790 shares during the period. LSV Asset Management increased its holdings in computer programs and systems equities by 12.0% during the third quarter. LSV Asset Management now owns 503,749 shares of the company valued at $17,862,000 after purchasing an additional 53,832 shares last quarter. Finally, Invesco Ltd. raised its position in computer programs and systems by 282.6% during the fourth quarter. Invesco Ltd. now owns 379,444 shares of the company valued at $11,117,000 after purchasing an additional 280,267 shares during the period. 91.93% of the shares are currently held by hedge funds and other institutional investors.

About computer programs and systems (Get a rating)

Computer Programs & Systems, Inc provides healthcare information technology solutions and services. It operates through the following segments: Acute Care EHR, Post-Acute Care EHR and TruBridge. The Acute EHR segment provides acute care, Thrive and Centriq electronic health record (EHR) solutions and related services for community hospitals and their medical clinics.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in computer programs and systems right now?

Before you consider computer programs and systems, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market took over…and computer programs and systems weren’t on the list.

Although computer programs and systems currently have a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here