Are Computer Progams & Systems (NASDAQ:CPSI) Shares Reaching An Inflection Point; Suntrust Robinson Decides to Upgrades Company

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Computer Progams & Systems (NASDAQ:CPSI) Stock Upgrade

In an interesting research report disseminated on Monday morning, Suntrust Robinson lifted Computer Progams & Systems (NASDAQ:CPSI) shares to respectable Buy rating from a Neutral. They now have a $68.00 Estimated Target Price on shares. and their Estimated Target Price may suggest a possible upside of 45.49% over the last stock close.

From a total of 10 analysts covering Computer Progams & Systems (NASDAQ:CPSI) stock, 0 rate it a ”Buy”, 2 a “Sell”, and 14 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $57 while the lowest target price is $32. The mean of all analyst targets is $45.3 with a 9.47% above today’s ($46.59) stock price. Computer Progams & Systems was the topic of 9 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank upgraded shares on December 1 to “Hold” rating. RBC Capital Markets maintained CPSI stock in a recent report from November 30 with “Sector Perform” rating. Finally, Robert W. Baird upgraded the stock to “Outperform” rating in a report issued on a November 25.

Approximately 73,727 shares of stock traded hands. Computer Programs & Systems, Inc. (NASDAQ:CPSI) has declined 16.58% since May 11, 2015 and is downtrending. It has underperformed by 12.17% the S&P500.

The overall sentiment of institutions has increased to 1.06 in Q2 2015. Its up 0.06, from 1 in 2015Q2. The ratio is positive, as 29 institutions have sold all the shares of Computer Programs & Systems, Inc. that they owned while 42 funds have taken shares off the table. 18 funds have purchased shares for the first time while 57 added to their positions. These institutions now hold 19.00 million shares or 73.96% more than the 10.92 million shares they owned in 2015Q2.

The Fund Quantum Capital Management Llc Nj currently is holding shares equating to 2.51% of its total portfolio in Computer Programs & Systems, Inc. representing a total of 187,526 shares. Another fund,Hendershot Investments Inc., is holding a total of 56,731 shares equating to 1.33% of their holdings. Additionally, Aull & Monroe Investment Management Corp has a 39,726 share stake in Computer Programs & Systems, Inc. which represents 1.08% of their total portfolio. The Fund, Kayne Anderson Rudnick Investment Management Llc, based out of California, has also built up a stake in the stock, which represents a total of 0.91% of their total portfolio. Finally Fcm Investments Tx, a fund which is based in the state of Texas reported a total holdings of 28,493 shares.

Computer Programs and Systems, Inc. is a well-known 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 has a market cap of $514.16 million. The Firm 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. It has 24.25 P/E ratio. Additionally, CPSI provides other information technology solutions, including business management services, remote hosting, networking technologies and other related services.

According to Zacks Investment Research, “Computer Programs and Systems, Inc has been serving the information technology needs of community healthcare providers for over twenty-seven years. Headquartered in Mobile, Alabama, the company provides a complete health information and patient care system that encompasses the full spectrum of financial and clinical applications. The CPSI System provides the most comprehensive single-source electronic medical record available and allows the realization of a true enterprise-wide electronic medical record. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. Its fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital.”

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