Citi Maintains Hold Rating on Computer Programs & Systems Inc. (CPSI)

Citi has come out with a report today on Computer Programs & Systems Inc. (NASDAQ: CPSI), maintaining its Hold Rating.

According to Citi, “Estimates and valuation of CPSI have crept upwards in recent weeks. While we are comfortable with management and believe the company is well positioned, we are not willing to chase the shares trading at 27x '11E earnings at this time as we expect their market to get more competitive. Maintain Hold.”

Computer Programs & Systems Inc. closed at $58.62 on Friday and a $54.00 PT.