Deutsche Bank Maintains a Hold Rating on CPSI

By George MacDonald

In a report issued on January 29, George Hill from Deutsche Bank maintained a Hold rating on CPSI (NASDAQ: CPSI), with a price target of $55. The company’s shares closed last Friday at $52.53.

Currently, the analyst consensus on CPSI is Moderate Buy and the average price target is $60.67, representing a 15.5% upside. In a report issued on January 29, Leerink Swann also reiterated a Hold rating on the stock with a $58 price target.

Based on CPSI`s latest earnings report from September 30, the company posted quarterly revenue of $44.62M and quarterly net profit of $3.54M. In comparison, last year the company earned revenue of $46.27M and had a net profit of $6.74M.

Unlike Deutsche Bank`s latest rating, based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2015, Patrick Immel, a the SVP of Prof. Svs. of TruBridge of CPSI sold 4,500 shares for a total of $217,935.

According to TipRanks.com, Hill is a 2-star analyst with an average return of 0.1% and a 43.0% success rate. Hill covers the Healthcare sector, focusing on stocks such as Quintiles Transnational, Charles River Labs , and Express Scripts.

Computer Programs and Systems Inc is a healthcare information technology company that designs, develops, markets, installs and supports computerized information technology systems to meet the unique demands of small and midsize hospitals.