Oppenheimer Maintains Perform On Shares Of Computer Programs And Systems

Oppenheimer analyst Bret Jones maintained a Perform rating on Computer Programs And Systems (NASDAQ:CPSI). No price target was provided.

Jones said, “Management was upfront about the maturation of the rural market but, given their clients’ successes with MU2, remains optimistic that replacement opportunity will accelerate. Outside of the core financial and EHR market, the ED launch can offset some of the core market softness. In addition, management announced a new predictive analytics program (details forthcoming). Despite several one-time expenses in 3Q that should roll-off and the MU generation one EPS impact, we believe the 2014 EPS target is a stretch.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Bret Jones has a total average return of 0.5% and a 52.2% success rate. Jones has a 13.0% average return when recommending CPSI, and is ranked #2172 out of 3355 analysts.

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