Dougherty & Co Weighs in on Computer Programs & Systems, Inc.’s Q1 2018 Earnings (CPSI)

Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Dougherty & Co issued their Q1 2018 earnings estimates for shares of Computer Programs & Systems in a research note issued on Sunday. Dougherty & Co analyst G. Mannheimer anticipates that the company will earn $0.23 per share for the quarter. Dougherty & Co currently has a “Buy” rating on the stock. Dougherty & Co also issued estimates for Computer Programs & Systems’ FY2019 earnings at $1.84 EPS.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.17. Computer Programs & Systems had a negative net margin of 6.29% and a positive return on equity of 12.06%. The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $69.24 million. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald reissued a “hold” rating and set a $32.00 target price on shares of Computer Programs & Systems in a research report on Thursday, February 8th. Zacks Investment Research raised shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Citigroup started coverage on shares of Computer Programs & Systems in a research report on Thursday, January 4th. They set a “neutral” rating for the company. BidaskClub raised shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, KeyCorp reissued a “sell” rating and set a $23.00 target price on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.50.

Shares of Computer Programs & Systems (NASDAQ CPSI) opened at $30.05 on Tuesday. The stock has a market cap of $419.68, a P/E ratio of -23.66, a P/E/G ratio of 1.89 and a beta of 0.09. Computer Programs & Systems has a 1 year low of $25.40 and a 1 year high of $36.15. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00.

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in Computer Programs & Systems by 0.3% in the second quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock valued at $1,046,000 after acquiring an additional 88 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Computer Programs & Systems by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock valued at $1,334,000 after acquiring an additional 209 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Computer Programs & Systems by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 46,025 shares of the company’s stock valued at $1,510,000 after acquiring an additional 1,680 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Computer Programs & Systems by 57.2% in the third quarter. BNP Paribas Arbitrage SA now owns 6,001 shares of the company’s stock valued at $177,000 after acquiring an additional 2,183 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Computer Programs & Systems by 5.2% in the second quarter. California Public Employees Retirement System now owns 44,200 shares of the company’s stock valued at $1,450,000 after acquiring an additional 2,200 shares in the last quarter. 96.21% of the stock is owned by institutional investors.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Wednesday, February 21st. Computer Programs & Systems’s dividend payout ratio (DPR) is presently -31.50%.

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About Computer Programs & 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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