The Vanguard Group, Inc. recently announced the acquisition of new stake in Computer Programs and Systems Inc. (NASDAQ:CPSI). The institutional investor has increased its shareholding in the Healthcare company by 1.56% to 1.02 million shares with purchase of 15649.0 shares. This fresh investment now brings its stake to 7.03% valued currently at $27.79 million. In addition, Dimensional Fund Advisors LP raised its holdings by 24230.0 to 0.63 million shares. And SSgA Funds Management, Inc. has lifted its position by 3.69% or 22333.0 shares – to 0.63 million shares.
With over 73279.0 Computer Programs and Systems Inc. (CPSI) shares trading Tuesday and a closing price of $28.20 on the day, the dollar volume was approximately $2.07 million. The shares have shown a negative half year performance of -14.91% and its price on 01/24/23 lost nearly -0.14%. Currently, there are 14.37M common shares owned by the public and among those 13.90M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for CPSI have a consensus price objective of $38.50. The analysts have set the share’s price value over the next 12 months at a high of $39.00 and a low of $38.00. The average price target is 25.14% above its recent price level and an upside to the estimated low will see the stock gain 25.79% over that period. But an upside of 27.69% will see the stock hit the forecast high price target while median target price for the stock is $38.50.
Insiders at the company have transacted a total of 98 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 100,706 shares. Insider sales of the common stock occurred on 77 occasions, with total insider shares sold totaling 61,572 shares.
The top 3 mutual fund holders in Computer Programs and Systems Inc. are iShares Core S&P Small Cap ETF, AMG River Road Small Cap Value Fu, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 1.05 million shares of the company’s stock, all valued at over $28.65 million. The company sold 800.0 shares recently to bring their total holdings to about 7.25% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 2.81% of the shares outstanding.
Shares of Computer Programs and Systems Inc. (NASDAQ: CPSI) opened at $28.23, down -$0.01 from a prior closing price of $28.24. However, the script later moved the day high at 28.37, down -0.14%. The company’s stock has a 5-day price change of -1.02% and -5.05% over the past three months. CPSI shares are trading 3.60% year to date (YTD), with the 12-month market performance up to 2.17% higher. It has a 12-month low price of $25.33 and touched a high of $35.50 over the same period. CPSI has an average intraday trading volume of 79.48K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.81%, 0.15%, and -7.09% respectively.
Institutional ownership of Computer Programs and Systems Inc. (NASDAQ: CPSI) shares accounts for 93.00% of the company’s 14.37M shares outstanding. Mutual fund holders own 43.02%, while other institutional holders and individual stakeholders account for 47.45% and 28.30% respectively.
It has a market capitalization of $408.34M and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 22.14, while the earnings-per-share (ttm) stands at $1.27. The company has a PEG of 1.48 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.25% over the week and 2.59% over the month.
Analysts forecast that Computer Programs and Systems Inc. (CPSI) will achieve an EPS of $0.65 for the current quarter, $0.84 for the next quarter and $3.19 for 2023. The lowest estimate earnings-per-share for the quarter is $0.65 while analysts give the company a high EPS estimate of $0.66. Comparatively, EPS for the current quarter was $0.59 a year ago. Earnings per share for the fiscal year are expected to increase by 27.90%, and 10.74% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 33.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Computer Programs and Systems Inc. (CPSI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Cantor Fitzgerald coverage for the Computer Programs and Systems Inc. (CPSI) stock in a research note released on May 08, 2020 offered a Overweight rating with a price target of $27. SVB Leerink was of a view on April 13, 2020 that the stock is Outperform, while Deutsche Bank gave the stock Hold rating on September 26, 2019, issuing a price target of $24. Dougherty & Company on their part issued Buy rating on September 10, 2019.