Barclays Trims Computer Programs and Systems (NASDAQ:CPSI) Target Price to $10.00

Computer Programs and Systems (NASDAQ:CPSIFree Report) had its price objective reduced by Barclays from $12.00 to $10.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also commented on CPSI. Stephens reduced their price objective on shares of Computer Programs and Systems from $24.00 to $14.00 and set an equal weight rating on the stock in a research note on Friday, November 10th. Cantor Fitzgerald reiterated an overweight rating and set a $24.00 target price on shares of Computer Programs and Systems in a research report on Monday, October 2nd. TheStreet downgraded shares of Computer Programs and Systems from a c- rating to a d rating in a research note on Thursday, November 9th. Finally, StockNews.com started coverage on shares of Computer Programs and Systems in a research report on Thursday, October 5th. They set a hold rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $19.00.

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Computer Programs and Systems Price Performance

Shares of NASDAQ:CPSI opened at $10.20 on Monday. The firm has a 50 day moving average of $10.57 and a 200-day moving average of $15.36. The stock has a market capitalization of $148.41 million, a PE ratio of -169.97 and a beta of 0.69. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.61. Computer Programs and Systems has a 12 month low of $9.16 and a 12 month high of $31.62.

Computer Programs and Systems (NASDAQ:CPSIGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. The business had revenue of $82.71 million during the quarter, compared to analysts’ expectations of $84.96 million. Computer Programs and Systems had a negative net margin of 0.24% and a positive return on equity of 11.87%. On average, equities research analysts predict that Computer Programs and Systems will post 1.69 EPS for the current fiscal year.

Institutional Trading of Computer Programs and Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank raised its stake in shares of Computer Programs and Systems by 7.2% during the 1st quarter. Swiss National Bank now owns 32,900 shares of the company’s stock worth $1,133,000 after buying an additional 2,200 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Computer Programs and Systems by 114.4% in the 1st quarter. JPMorgan Chase & Co. now owns 302,878 shares of the company’s stock valued at $10,434,000 after purchasing an additional 161,603 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Computer Programs and Systems by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 157,866 shares of the company’s stock valued at $5,438,000 after buying an additional 1,973 shares during the period. Citigroup Inc. raised its holdings in Computer Programs and Systems by 5.6% during the first quarter. Citigroup Inc. now owns 13,400 shares of the company’s stock worth $462,000 after purchasing an additional 711 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Computer Programs and Systems by 775.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,473 shares of the company’s stock worth $154,000 after purchasing an additional 3,962 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Computer Programs and Systems Company Profile

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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.

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