CPSI Receives a Hold from Oppenheimer

By Carrie Williams

Oppenheimer analyst Mohan Naidu assigned a Hold rating to CPSI (NASDAQ: CPSI) today. The company’s shares closed yesterday at $25.45, close to its 52-week low of $24.18.

According to TipRanks.com, Naidu is a 2-star analyst with an average return of -0.6% and a 44.5% success rate. Naidu covers the Technology sector, focusing on stocks such as Quality Systems, Athenahealth, and Cerner Corp.

Currently, the analyst consensus on CPSI is Moderate Sell and the average price target is $25.50, representing a 0.2% upside.

In a report released today, Leerink Swann also maintained a Hold rating on the stock with a $25 price target.

The company has a one year high of $59.16 and a one year low of $24.18. Currently, CPSI has an average volume of 261.4K.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPSI in relation to earlier this year. Most recently, in August 2016, Arthur Robert Outlaw, a Director at CPSI bought 1,000 shares for a total of $26,090.

Computer Programs & Systems, Inc. operates as a healthcare information technology company. It designs, develops, markets, installs and supports computerized information technology systems. The Company provides integrated basis, 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. Its wholly owned subsidiary, TruBridge LLC, focuses exclusively on providing business office, consulting and managed IT services to rural and community healthcare organizations, regardless of their IT vendor. Computer Programs & Systems was founded by Michael Kenny Muscat Sr. in 1979 and is headquartered in Mobile, AL.