Equities analysts expect Computer Programs and Systems, Inc. (NASDAQ:CPSI) to announce $68.55 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Computer Programs and Systems’ earnings, with estimates ranging from $67.70 million to $69.30 million. Computer Programs and Systems posted sales of $64.66 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6%. The business is scheduled to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that Computer Programs and Systems will report full year sales of $68.55 million for the current financial year, with estimates ranging from $264.10 million to $270.50 million. For the next fiscal year, analysts forecast that the firm will post sales of $283.95 million per share, with estimates ranging from $276.35 million to $288.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last posted 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). The business had revenue of $67.70 million for the quarter, compared to analysts’ expectations of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS.

A number of analysts have issued reports on CPSI shares. Zacks Investment Research lowered shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. KeyCorp reiterated a “sell” rating and set a $21.00 price target on shares of Computer Programs and Systems in a research note on Friday, September 22nd. Robert W. Baird reiterated a “hold” rating and set a $30.00 price target on shares of Computer Programs and Systems in a research note on Thursday, August 31st. BidaskClub lowered shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $28.00 price target on shares of Computer Programs and Systems in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Computer Programs and Systems currently has an average rating of “Hold” and a consensus price target of $29.71.

In related news, insider David A. Dye sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.03, for a total transaction of $90,090.00. Following the sale, the insider now directly owns 58,568 shares in the company, valued at $1,758,797.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in shares of Computer Programs and Systems by 77.5% during the second quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock worth $125,000 after buying an additional 1,667 shares during the period. Voya Investment Management LLC purchased a new stake in shares of Computer Programs and Systems during the second quarter worth approximately $211,000. Thrivent Financial For Lutherans purchased a new stake in shares of Computer Programs and Systems during the second quarter worth approximately $211,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Computer Programs and Systems during the second quarter worth approximately $226,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Computer Programs and Systems during the second quarter worth approximately $237,000.

Computer Programs and Systems (NASDAQ:CPSI) opened at 30.40 on Friday. The firm’s 50-day moving average is $29.06 and its 200-day moving average is $30.36. Computer Programs and Systems has a 52-week low of $18.25 and a 52-week high of $36.15. The stock has a market cap of $408.24 million, a P/E ratio of 78.35 and a beta of 0.19.

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Computer Programs and Systems Company Profile

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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