Analysts expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to report sales of $69.22 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Computer Programs & Systems’ earnings. The lowest sales estimate is $67.80 million and the highest is $70.80 million. Computer Programs & Systems reported sales of $64.55 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Computer Programs & Systems will report full-year sales of $69.22 million for the current year, with estimates ranging from $264.10 million to $269.70 million. For the next year, analysts forecast that the business will post sales of $284.05 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 sell-side research firms that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last posted its earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). Computer Programs & Systems had a net margin of 2.32% and a return on equity of 10.01%. The firm had revenue of $67.11 million for the quarter, compared to analysts’ expectations of $68.68 million. During the same period in the previous year, the company earned $0.34 EPS. The company’s revenue was up 3.8% on a year-over-year basis.

CPSI has been the topic of a number of recent analyst reports. Robert W. Baird restated a “hold” rating and set a $30.00 price target on shares of Computer Programs & Systems in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Cantor Fitzgerald restated a “hold” rating and set a $28.00 price target on shares of Computer Programs & Systems in a research note on Tuesday, September 26th. BidaskClub upgraded shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, SunTrust Banks restated a “hold” rating and set a $32.00 price target (down previously from $35.00) on shares of Computer Programs & Systems in a research note on Thursday, September 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.50.

Shares of Computer Programs & Systems (CPSI) opened at $30.10 on Friday. Computer Programs & 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 has a market cap of $414.06, a P/E ratio of 25.29, a P/E/G ratio of 2.19 and a beta of 0.13.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. Computer Programs & Systems’s payout ratio is 88.89%.

In other Computer Programs & Systems news, Director Glenn Tobin acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $29.38 per share, for a total transaction of $102,830.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CPSI. Vanguard Group Inc. increased its stake in shares of Computer Programs & 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 acquiring an additional 75,815 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Computer Programs & Systems by 35.7% in the second quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock worth $7,458,000 after acquiring an additional 59,807 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Computer Programs & Systems by 502.5% in the second quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock worth $1,913,000 after acquiring an additional 48,636 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Computer Programs & Systems by 71.0% in the second quarter. Wasatch Advisors Inc. now owns 113,186 shares of the company’s stock worth $3,713,000 after acquiring an additional 47,000 shares during the period. Finally, Bridge City Capital LLC acquired a new stake in Computer Programs & Systems during the second quarter valued at $1,322,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

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Computer Programs & 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 & Systems (NASDAQ:CPSI)

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