Computer Programs and Systems, Inc. (NASDAQ:CPSI) – Equities researchers at Dougherty & Co issued their Q3 2017 earnings per share (EPS) estimates for shares of Computer Programs and Systems in a report issued on Thursday. Dougherty & Co analyst G. Mannheimer expects that the company will earn $0.38 per share for the quarter. Dougherty & Co currently has a “Buy” rating and a $36.00 price objective on the stock. Dougherty & Co also issued estimates for Computer Programs and Systems’ FY2017 earnings at $1.38 EPS and FY2018 earnings at $1.63 EPS.

Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.05. Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The business had revenue of $67.70 million during the quarter, compared to the consensus estimate of $69.56 million. During the same quarter in the previous year, the business posted $0.48 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis.

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Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 target price on shares of Computer Programs and Systems in a research note on Monday, May 15th. Robert W. Baird reiterated a “neutral” rating and issued a $30.00 target price (up from $27.00) on shares of Computer Programs and Systems in a research note on Friday, June 16th. Finally, BidaskClub cut shares of Computer Programs and Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $28.43.

Computer Programs and Systems (CPSI) opened at 29.05 on Monday. The company has a market capitalization of $390.11 million, a P/E ratio of 74.87 and a beta of 0.23. Computer Programs and Systems has a 52-week low of $18.25 and a 52-week high of $36.15. The firm has a 50-day moving average of $30.98 and a 200 day moving average of $29.53.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 15th. This is a boost from Computer Programs and Systems’s previous quarterly dividend of $0.20. This represents a $1.20 dividend on an annualized basis and a yield of 4.13%. Computer Programs and Systems’s dividend payout ratio is currently 300.00%.

In other Computer Programs and Systems news, VP James B. Britain sold 5,035 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $32.66, for a total transaction of $164,443.10. Following the completion of the transaction, the vice president now directly owns 12,561 shares in the company, valued at $410,242.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor S. Schneider sold 5,700 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $33.18, for a total transaction of $189,126.00. Following the transaction, the insider now owns 43,352 shares of the company’s stock, valued at $1,438,419.36. The disclosure for this sale can be found here. Insiders have sold 13,235 shares of company stock valued at $440,985 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Computer Programs and Systems by 3.9% in the fourth quarter. State Street Corp now owns 268,938 shares of the company’s stock worth $6,349,000 after buying an additional 10,076 shares in the last quarter. Norges Bank acquired a new stake in shares of Computer Programs and Systems during the fourth quarter worth approximately $7,103,000. Teachers Advisors LLC boosted its stake in shares of Computer Programs and Systems by 49.4% in the fourth quarter. Teachers Advisors LLC now owns 39,742 shares of the company’s stock worth $938,000 after buying an additional 13,135 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Computer Programs and Systems by 107.3% in the first quarter. Nisa Investment Advisors LLC now owns 16,480 shares of the company’s stock worth $461,000 after buying an additional 8,530 shares during the period. Finally, Cubic Asset Management LLC boosted its stake in shares of Computer Programs and Systems by 11.1% in the first quarter. Cubic Asset Management LLC now owns 56,415 shares of the company’s stock worth $1,580,000 after buying an additional 5,645 shares during the period.

About Computer Programs and Systems

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

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