Baird Downgrades Computer Programs & Systems to Neutral with Price Target $59.00

Brokerage firm Baird Downgrades its rating on Computer Programs & Systems(NASDAQ:CPSI). In a research note issued to the investors, the brokerage major Lowers the price-target to $59.00 per share. The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Baird was issued on Apr 14, 2016.

In a different note, On Feb 16, 2016, Citigroup said it Maintains its rating on Computer Programs & Systems. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 4, 2016, KeyBanc said it Maintains its rating on Computer Programs & Systems. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Underweight’ by the firm. On Feb 3, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Computer Programs & Systems. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Buy’ by the firm. On Jan 19, 2016, KeyBanc said it Maintains its rating on Computer Programs & Systems. According to the research note, KeyBanc Raises the price target to $40 per share from a prior target of $32. The shares have been rated ‘Underweight’ by the firm.

Computer Programs & Systems (CPSI) made into the market gainers list on Mondays trading session with the shares advancing 0.29% or 0.15 points. Due to strong positive momentum, the stock ended at $51.88, which is also near the day’s high of $52.36. The stock began the session at $51.91 and the volume stood at 1,19,583 shares. The 52-week high of the shares is $59.16 and the 52 week low is $36.04. The company has a current market capitalization of $696 M and it has 1,34,25,001 shares in outstanding.

Computer Programs & Systems(CPSI) last announced its earnings results on Jan 28, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $44.23M. Analysts had an estimated revenue of $46.48M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Victor S Schneider (Executive Vice President) sold 6,000 shares at $53.28 per share price.Also, 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.

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