Deutsche Bank Downgrades Computer Programs & Systems to Sell

Brokerage firm Deutsche Bank Downgrades its rating on Computer Programs & Systems(NASDAQ:CPSI). The shares have been rated Sell. Previously, the analysts had a Hold rating on the shares. The rating by Deutsche Bank was issued on Aug 5, 2016.

Computer Programs & Systems (CPSI) shares turned negative on Wednesdays trading session with the shares closing down -0.4 points or -1.53% at a volume of 3,14,349. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.07. The peak price level was also seen at $26.07 while the days lowest was $25.4. Finally the shares closed at $25.76. The 52-week high of the shares is $59.16 while the 52-week low is $25.4. According to the latest information available, the market cap of the company is $349 M.

Computer Programs & Systems(CPSI) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $68.42M. Analysts had an estimated revenue of $74.35M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.79.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Robert D Hinckle (Senior VP – Client Services) sold 1,857 shares at $43.42 per share price.Also, On May 23, 2016, John B Jr Douglas (CEO) purchased 3,500 shares at $41.98 per share price.On Mar 10, 2016, Victor S Schneider (Executive Vice President) sold 6,000 shares at $53.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Computer Programs and Systems Inc. (CPSI) is a provider of healthcare information technology solutions for rural and community hospitals with over 650 client hospitals in 46 states and the District of Columbia. The Company provides 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. Additionally CPSI provides other information technology solutions including business management services remote hosting networking technologies and other related services. TruBridge LLC is a wholly owned subsidiary of CPSI. TruBridge provides business management consulting and managed information technology (IT) services specifically targeted at rural and community healthcare organizations.

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