Computer Programs and Systems (NASDAQ:CPSI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Computer Programs and Systems (NASDAQ:CPSIFree Report) in a research note published on Friday morning. The firm issued a sell rating on the stock.

A number of other analysts have also recently commented on CPSI. Cantor Fitzgerald reissued an overweight rating and set a $24.00 target price on shares of Computer Programs and Systems in a research note on Friday, March 1st. Barclays cut their price target on shares of Computer Programs and Systems from $12.00 to $10.00 and set an equal weight rating for the company in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $19.00.

Get Our Latest Stock Analysis on CPSI

Computer Programs and Systems Stock Up 3.7 %

Shares of CPSI stock opened at $9.19 on Friday. Computer Programs and Systems has a fifty-two week low of $8.70 and a fifty-two week high of $30.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.31 and a current ratio of 2.32. The firm has a market capitalization of $133.71 million, a PE ratio of -2.92 and a beta of 0.62. The stock’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $12.20.

Institutional Trading of Computer Programs and Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPSI. Point72 Hong Kong Ltd acquired a new stake in Computer Programs and Systems during the 1st quarter worth $25,000. Quantbot Technologies LP boosted its stake in Computer Programs and Systems by 225.0% during the 2nd quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock worth $31,000 after purchasing an additional 675 shares during the period. Captrust Financial Advisors boosted its stake in shares of Computer Programs and Systems by 95.8% during the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after buying an additional 574 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Computer Programs and Systems during the 2nd quarter worth approximately $51,000. Finally, State of Wyoming purchased a new position in shares of Computer Programs and Systems in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

About Computer Programs and Systems

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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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