Auriga Reiterates a 'Buy' on Computer Programs and Systems (CPSI); Showing Hospitals the Money

Auriga reiterates a 'Buy' on Computer Programs and Systems (NASDAQ: CPSI) price target lowered from $70 to $68.

Auriga analyst says, "We are reiterating our rating on CPSI while reducing our price target slightly on the heels of an inline EPS quarter in which revenue missed by $2 million. No doubt CPSI is a volatile name, and investors were reassured Friday when the Company guided in line for the full year 2012. We applaud the company for eliminating quarterly guidance, as visibility is just not adequate due to deferrals and push-outs that can make or break a quarter. CPSI customer statistics on Meaningful Use (MU) attestation is very impressive, and we believe is driving and will continue to drive new business. Our downwardly revised price target, from $70, is based on slightly lower estimates for FY12."

For an analyst ratings summary and ratings history on Computer Programs and Systems click here. For more ratings news on Computer Programs and Systems click here.

Shares of Computer Programs and Systems closed at $57.58 yesterday.

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