In a report released today, Steven Halper from Cantor Fitzgerald reiterated a Hold rating on CPSI (CPSI), with a price target of $32. The company’s shares opened today at $30.
Halper wrote:
“. We reiterate our Neutral rating on CPSI shares while increasing our price target to $32 from $28. Before the open on Friday, February 15, CPSI reported 4Q18 results. Adjusted EPS were above FactSet consensus and our estimates. Bookings grew 26% sequentially, which is encouraging. TruBridge bookings were solid as well. The company did not provide specific 2019 financial guidance, but management believes continued Trubridge execution should drive top- line growth and its cost savings initiative ($10M bottom-line benefit) should drive improved profitability. It remains to be seen if the company can achieve these goals.”
According to TipRanks.com, Halper is a top 100 analyst with an average return of 19.9% and a 66.1% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Evolent Health.
CPSI has an analyst consensus of Hold, with a price target consensus of $30, a 0.0% upside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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The company has a one-year high of $34.65 and a one-year low of $23.81. Currently, CPSI has an average volume of 121.4K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.
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Computer Programs & Systems, Inc. engages in the provision of healthcare information technology solutions and services. It operates through the following segments: Acute Care EHR, Post-acute Care EHR, and TruBridge. The Acute EHR segment consists of acute care software solutions and support generated by Evident and Healthand.
