Today RBC Capital Mkts Sticks With a “Sector Perform” Rating on Computer Programs (NASDAQ:CPSI) and a $53.0 Target Price


Computer Programs (NASDAQ:CPSI) Rating Reaffirmed

New York: In analysts note issued to clients on 30 November, RBC Capital Mkts has reaffirmed their “Sector Perform” rating on Computer Programs (NASDAQ:CPSI) shares. They now have a $53.0 PT on the company. RBC Capital Mkts’s target indicates a potential upside of 4.56% from the company’s last stock price.

From a total of 5 analysts covering Computer Progams & Systems (NASDAQ:CPSI) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is $53 while the lowest target price is $43. The mean of all analyst targets is $46 with a -9.25% below today’s ($50.69) stock price. Computer Progams & Systems was the topic of 6 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 27 with “Mkt Perform” rating. RBC Capital Markets maintained CPSI stock in a recent report from November 2 with “Sector Perform” rating.

The stock increased 1.26% or $0.63 on November 27, striking $50.69. Approximately shares of stock traded hands. Computer Programs & Systems, Inc. (NASDAQ:CPSI) has declined 4.34% since April 27, 2015 and is downtrending. It has underperformed by 3.45% the S&P500.

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 $572.93 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 26.38 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.” Get a free copy of the Zacks research report on Computer Programs & Systems, Inc. (CPSI)