Computer Programs & Systems (CPSI) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 30 from a previous price target of $48 . FBR Capital advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Computer Programs & Systems. Shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 47 from a previous price target of $55 .
On the company’s financial health, Computer Programs & Systems reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.31 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $68.42 million for the quarter, compared to analysts expectations of $74.35 million. The company’s revenue was up 45.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Computer Programs & Systems closed down -0.03 points or -0.08% at $39.1 with 1,30,855 shares getting traded on Thursday. Post opening the session at $39.31, the shares hit an intraday low of $38.89 and an intraday high of $39.33 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 26, 2016, Robert D Hinckle (Senior VP – Client Services) sold 1,857 shares at $43.42 per share price. According to the SEC, on May 23, 2016, John B Jr Douglas (CEO) purchased 3,500 shares at $41.98 per share price. On Mar 10, 2016, Victor S Schneider (Executive Vice President) sold 6,000 shares at $53.28 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.