Wall Street analysts expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will report earnings per share of $0.46 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Computer Programs & Systems’ earnings. The highest EPS estimate is $0.52 and the lowest is $0.37. Computer Programs & Systems posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year over year growth rate of 31.4%. The business is expected to issue its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Computer Programs & Systems will report full-year earnings of $1.60 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.66. For the next financial year, analysts forecast that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.60 to $1.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $67.11 million for the quarter, compared to analysts’ expectations of $68.68 million. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis.

CPSI has been the topic of several recent research reports. 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 report on Thursday, September 14th. KeyCorp restated a “sell” rating and set a $21.00 price target on shares of Computer Programs & Systems in a report on Friday, September 22nd. Cantor Fitzgerald restated a “hold” rating and set a $28.00 price target on shares of Computer Programs & Systems in a report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and set a $30.00 price target on shares of Computer Programs & Systems in a report on Wednesday, October 4th. Finally, Zacks Investment Research lowered Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.50.

In other Computer Programs & Systems news, COO Christopher L. Fowler sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Glenn Tobin acquired 3,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $29.38 per share, for a total transaction of $102,830.00. The disclosure for this purchase can be found here. Corporate 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. grew its position in shares of Computer Programs & Systems by 35.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock worth $7,458,000 after buying an additional 59,807 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Computer Programs & Systems by 502.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock worth $1,913,000 after buying an additional 48,636 shares in the last quarter. Wasatch Advisors Inc. grew its position in shares of Computer Programs & Systems by 71.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 113,186 shares of the company’s stock worth $3,713,000 after buying an additional 47,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Computer Programs & Systems by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock worth $38,925,000 after buying an additional 41,138 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in shares of Computer Programs & Systems by 1,842.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 27,098 shares of the company’s stock worth $889,000 after buying an additional 25,703 shares in the last quarter. 95.25% of the stock is currently owned by institutional investors and hedge funds.

Computer Programs & Systems (CPSI) traded down $0.20 during trading hours on Thursday, reaching $29.65. The company had a trading volume of 51,727 shares, compared to its average volume of 82,233. Computer Programs & Systems has a one year low of $21.60 and a one year high of $36.15. The stock has a market cap of $408.13, a price-to-earnings ratio of 65.89, a PEG ratio of 1.91 and a beta of 0.13. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.87.

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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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