Computer Programs & Systems Rating Lowered to Market Perform at Avondale Partners (CPSI)

September 3, 2012 by  
Filed under Every thing you Need to Know

Computer Programs & Systems (NASDAQ: CPSI) was downgraded by Avondale Partners from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at UBS AG initiated coverage on shares of Computer Programs & Systems in a research note to investors on Friday, August 24th. They set a “buy” rating and a $61.00 price target on the stock. Separately, analysts at Oppenheimer reiterated an “outperform” rating on shares of Computer Programs & Systems in a research note to investors on Monday, July 30th. Finally, analysts at Piper Jaffray reiterated a “neutral” rating on shares of Computer Programs & Systems in a research note to investors on Thursday, July 5th.

Shares of Computer Programs & Systems traded up 1.77% during mid-day trading on Wednesday, hitting $50.70. Computer Programs & Systems has a 52 week low of $41.80 and a 52 week high of $74.62. the company has a market cap of $561.0 million and a P/E ratio of 20.85.

Computer Programs & Systems last announced its earnings results on Thursday, July 26th. the company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. the company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts predict that Computer Programs & Systems will post $2.78 earnings per share for the current fiscal year.

Computer Programs and Systems, inc. (CPSI ) is a healthcare information technology company that designs, develops, markets, installs and supports computerized information technology systems.

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