Jefferies Reiterates Hold On Computer Programs (CPSI)

Jefferies & Co. is reiterating its Hold rating on shares of Computer Programs CPSI after the healthcare information technology comapny beat quarterly earnings estimates. Jefferies has a price target of $42, below the current share price. In the note to investors Jefferies says, "Reiterate HOLD; $42 PT. We are encouraged by the bookings, revenue and EPS beat (first time in a while) with solid guidance. CPSI is executing on plan to take advantage of the HITECH Act. Historically, CPSI performs in streaks and may be on a "hot streak" now. Shares of Computer Programs are up 30 cents to $45.27 this morning.