Computer Programs and Systems, Inc. to Post FY2017 Earnings of $1.23 Per Share, SunTrust Banks Forecasts (CPSI)
Computer Programs and Systems, Inc. (NASDAQ:CPSI) – Equities research analysts at SunTrust Banks reduced their FY2017 earnings estimates for shares of Computer Programs and Systems in a research report issued on Thursday. SunTrust Banks analyst S. Draper now forecasts that the company will earn $1.23 per share for the year, down from their prior forecast of $1.29. SunTrust Banks currently has a “Hold” rating and a $32.00 price objective on the stock.
Computer Programs and Systems (NASDAQ:CPSI) last released its earnings results on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $69.56 million. During the same period in the prior year, the firm posted $0.48 EPS. Computer Programs and Systems’s revenue was down 1.0% on a year-over-year basis.
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A number of other research analysts have also recently issued reports on the stock. Robert W. Baird reiterated a “hold” rating and set a $30.00 price objective on shares of Computer Programs and Systems in a report on Thursday, August 31st. BidaskClub cut shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research cut shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $28.88.
Shares of Computer Programs and Systems (NASDAQ:CPSI) opened at 28.50 on Friday. The firm’s 50-day moving average is $29.64 and its 200-day moving average is $30.10. The firm has a market cap of $382.73 million, a price-to-earnings ratio of 73.45 and a beta of 0.23. Computer Programs and Systems has a 12-month low of $18.25 and a 12-month high of $36.15.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were given a $0.30 dividend. This is a positive change from Computer Programs and Systems’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.20 annualized dividend and a yield of 4.21%. Computer Programs and Systems’s payout ratio is currently 300.00%.
In other news, VP James B. Britain sold 5,035 shares of Computer Programs and Systems stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $32.66, for a total value of $164,443.10. Following the completion of the transaction, the vice president now owns 12,561 shares in the company, valued at $410,242.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Dye sold 3,000 shares of Computer Programs and Systems stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $29.01, for a total transaction of $87,030.00. Following the completion of the transaction, the insider now owns 61,568 shares of the company’s stock, valued at approximately $1,786,087.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,735 shares of company stock worth $530,689. Insiders own 3.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CPSI. Kennedy Capital Management Inc. purchased a new position in shares of Computer Programs and Systems in the first quarter worth about $4,692,000. VNBTrust National Association increased its stake in shares of Computer Programs and Systems by 111.7% in the second quarter. VNBTrust National Association now owns 317,394 shares of the company’s stock worth $10,411,000 after purchasing an additional 167,469 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Computer Programs and Systems by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,145,617 shares of the company’s stock worth $32,077,000 after purchasing an additional 75,815 shares in the last quarter. Hamilton Lane Advisors LLC purchased a new position in shares of Computer Programs and Systems in the second quarter worth about $2,462,000. Finally, HighTower Advisors LLC purchased a new position in Computer Programs and Systems during the first quarter valued at approximately $1,782,000.
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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