Equities research analysts expect that Computer Programs and Systems, Inc. (NASDAQ:CPSI) will post sales of $69.03 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Computer Programs and Systems’ earnings. The highest sales estimate is $70.80 million and the lowest is $67.80 million. Computer Programs and Systems posted sales of $64.55 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The firm is scheduled to announce its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Computer Programs and Systems will report full-year sales of $69.03 million for the current financial year, with estimates ranging from $264.10 million to $269.70 million. For the next financial year, analysts forecast that the firm will report sales of $284.14 million per share, with estimates ranging from $275.60 million to $292.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The business had revenue of $67.11 million for the quarter, compared to the consensus estimate of $68.68 million. Computer Programs and Systems had a return on equity of 10.01% and a net margin of 2.32%. Computer Programs and Systems’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share.

Several equities analysts have recently weighed in on CPSI shares. Robert W. Baird reaffirmed 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. Zacks Investment Research cut shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $28.00 target price on shares of Computer Programs and Systems in a research note on Tuesday, September 26th. BidaskClub raised shares of Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $32.00 target price (down from $35.00) on shares of Computer Programs and Systems in a research note on Thursday, September 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.50.

Computer Programs and Systems (CPSI) opened at $28.45 on Tuesday. The firm has a market cap of $386.55, a P/E ratio of 23.61, a PEG ratio of 2.04 and a beta of 0.12. Computer Programs and Systems has a 52 week low of $21.60 and a 52 week high of $36.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.24.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Computer Programs and Systems’s dividend payout ratio is presently 266.67%.

In related 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 directly owns 58,568 shares of the company’s stock, valued at $1,758,797.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in CPSI. BNP Paribas Arbitrage SA lifted its holdings in Computer Programs and Systems by 77.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,818 shares of the company’s stock valued at $125,000 after purchasing an additional 1,667 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in Computer Programs and Systems during the 1st quarter valued at $210,000. Thrivent Financial For Lutherans acquired a new stake in Computer Programs and Systems during the 2nd quarter valued at $211,000. Voya Investment Management LLC acquired a new stake in shares of Computer Programs and Systems during the second quarter worth $211,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Computer Programs and Systems during the second quarter worth $226,000. 99.44% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Computer Programs and Systems (NASDAQ:CPSI)

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