Computer Programs & Systems (CPSI) was Reiterated by Topeka Capital Markets to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 62 from a previous price target of $61 . Topeka Capital Markets advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Computer Programs & Systems. Shares were Downgraded by Robert W. Baird on Apr 14, 2016 to ” Neutral” and Lowered the Price Target to $ 59 from a previous price target of $65 .
On the company’s financial health, Computer Programs & Systems reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.76. The company had revenue of $69.60 million for the quarter, compared to analysts expectations of $75.06 million. The company’s revenue was up 50.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Computer Programs & Systems opened for trading at $49.73 and hit $52.21 on the upside on Wednesday, eventually ending the session at $51.8, with a gain of 4.20% or 2.09 points. The heightened volatility saw the trading volume jump to 2,35,865 shares. Company has a market cap of $695 M.
In a different news, on Mar 10, 2016, Victor S Schneider (Executive Vice President) sold 6,000 shares at $53.28 per share price. According to the SEC, on Feb 9, 2016, Christopher Scott Bauleke (CEO of Healthland Holding Inc.) sold 12,000 shares at $57.07 per share price. On Dec 21, 2015, Patrick A Immel (SVP of Prof. Svs. of TruBridge) sold 4,500 shares at $48.43 per share price, according to the Form-4 filing with the securities and exchange commission.
Computer Programs and Systems Inc. (CPSI) is a provider of healthcare information technology solutions for rural and community hospitals with over 650 client hospitals in 46 states and the District of Columbia. The Company provides 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 throughout the United States. Additionally CPSI provides other information technology solutions including business management services remote hosting networking technologies and other related services. TruBridge LLC is a wholly owned subsidiary of CPSI. TruBridge provides business management consulting and managed information technology (IT) services specifically targeted at rural and community healthcare organizations.