Robert W. Baird analyst Matthew Gillmor reiterated a Hold rating on CPSI (NASDAQ: CPSI) today and set a price target of $27. The company’s shares opened today at $26.70, close to its 52-week low of $25.15.
According to TipRanks.com, Gillmor is a 5-star analyst with an average return of 17.0% and a 69.2% success rate. Gillmor covers the Services sector, focusing on stocks such as Encompass Health Corporation, Addus Homecare Corp, and Envision Healthcare.
CPSI has an analyst consensus of Hold, with a price target consensus of $26.25, which is a -1.7% downside from current levels. In a report issued on August 2, Cantor Fitzgerald also reiterated a Hold rating on the stock with a $28 price target.
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Based on CPSI’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $328K. In comparison, last year the company had a net profit of $1.54 million.
Based on the recent corporate insider activity of 45 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.
