Computer Programs and Systems (NASDAQ:CPSI) Now Covered by StockNews.com

StockNews.com started coverage on shares of Computer Programs and Systems (NASDAQ:CPSI) in a research note issued to investors on Sunday morning. The firm issued a sell rating on the stock.

Other equities research analysts have also issued reports about the stock. Barclays decreased their price objective on shares of Computer Programs and Systems from $12.00 to $10.00 and set an equal weight rating on the stock in a research report on Monday, January 22nd. Cantor Fitzgerald reiterated an overweight rating and issued a $24.00 price objective on shares of Computer Programs and Systems in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $19.00.

Computer Programs and Systems Stock Performance

Computer Programs and Systems has a 1 year low of $8.70 and a 1 year high of $30.96. The company has a quick ratio of 2.31, a current ratio of 2.32 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average is $9.70 and its two-hundred day moving average is $11.99. The stock has a market cap of $133.71 million, a price-to-earnings ratio of -2.92 and a beta of 0.62.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in Computer Programs and Systems in the 1st quarter valued at about $25,000. Quantbot Technologies LP raised its stake in Computer Programs and Systems by 225.0% in the 2nd quarter. Quantbot Technologies LP now owns 975 shares of the company’s stock valued at $31,000 after purchasing an additional 675 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Computer Programs and Systems by 1,071.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock valued at $39,000 after purchasing an additional 3,181 shares during the last quarter. Captrust Financial Advisors raised its stake in Computer Programs and Systems by 95.8% in the 1st quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock valued at $40,000 after purchasing an additional 574 shares during the last quarter. Finally, Strs Ohio acquired a new position in Computer Programs and Systems in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

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.