Computer Programs & Systems, Inc. Declares Quarterly Dividend of $0.10 (CPSI)

Computer Programs & Systems, Inc. (NASDAQ:CPSI) announced a quarterly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Thursday, February 22nd will be paid a dividend of 0.10 per share on Friday, March 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, February 21st.

Shares of Computer Programs & Systems (NASDAQ:CPSI) traded down $0.45 during mid-day trading on Monday, hitting $30.05. The company had a trading volume of 164,929 shares, compared to its average volume of 73,694. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $414.06, a PE ratio of -23.70, a P/E/G ratio of 1.89 and a beta of 0.09. Computer Programs & Systems has a fifty-two week low of $25.40 and a fifty-two week high of $36.15.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.17. The business had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $69.24 million. Computer Programs & Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. equities research analysts predict that Computer Programs & Systems will post 1.51 earnings per share for the current fiscal year.

In other news, COO Christopher L. Fowler sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Victor S. Schneider sold 1,695 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $29.45, for a total transaction of $49,917.75. Following the transaction, the executive vice president now owns 41,657 shares of the company’s stock, valued at $1,226,798.65. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday. Cantor Fitzgerald restated a “hold” rating and set a $32.00 target price on shares of Computer Programs & Systems in a research note on Thursday. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. KeyCorp restated a “sell” rating and set a $23.00 target price on shares of Computer Programs & Systems in a research note on Wednesday, January 31st. Finally, Citigroup began coverage on Computer Programs & Systems in a research note on Thursday, January 4th. They set a “neutral” rating for the company. Two 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 company has an average rating of “Hold” and a consensus target price of $31.50.

COPYRIGHT VIOLATION NOTICE: “Computer Programs & Systems, Inc. Declares Quarterly Dividend of $0.10 (CPSI)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/12/computer-programs-systems-inc-declares-quarterly-dividend-of-0-10-cpsi.html.

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).

Dividend History for Computer Programs & Systems (NASDAQ:CPSI)

Receive News & Ratings for Computer Programs & Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Programs & Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply