Computer Programs and Systems, Inc. (CPSI) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Computer Programs and Systems, Inc. (NASDAQ:CPSI) released its earnings results on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04), Bloomberg Earnings reports. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The business had revenue of $67.11 million during the quarter, compared to the consensus estimate of $68.68 million. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis.
CPSI has been the subject of several research reports. Zacks Investment Research lowered Computer Programs and Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub downgraded Computer Programs and Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $32.00 price objective (down previously from $35.00) on shares of Computer Programs and Systems in a research report on Thursday, September 14th. KeyCorp reiterated a “sell” rating and issued a $21.00 price objective on shares of Computer Programs and Systems in a research report on Friday, September 22nd. Finally, Robert W. Baird restated a “hold” rating and set a $30.00 price target on shares of Computer Programs and Systems in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.71.
In other Computer Programs and Systems news, insider David A. Dye sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $30.03, for a total value of $90,090.00. Following the completion of the transaction, the insider now owns 58,568 shares of the company’s stock, valued at $1,758,797.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.
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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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