Computer Programs price target lowered to $14 from $24 at Stephens

Stephens analyst Jeff Garro lowered the firm’s price target on Computer Programs to $14 from $24 and keeps an Equal Weight rating on the shares. The company fell short on all metrics in Q3, the analyst tells investors. The revenue shortfall was due to lower client patient volumes and delayed go-lives while the profitability miss came from the revenue shortfall as well as a second quarter of third-party expenses that exceeded budget, the firm says.