Equities Analysts Offer Predictions for Computer Programs & Systems, Inc.’s FY2018 Earnings (CPSI)

Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Stock analysts at Dougherty & Co increased their FY2018 earnings per share estimates for shares of Computer Programs & Systems in a research report issued to clients and investors on Sunday. Dougherty & Co analyst G. Mannheimer now forecasts that the company will post earnings of $1.55 per share for the year, up from their prior estimate of $1.52. Dougherty & Co has a “Buy” rating on the stock.

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

A number of other brokerages have also commented on CPSI. Zacks Investment Research lowered Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub upgraded Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. KeyCorp reiterated a “sell” rating and issued a $23.00 price objective on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Citigroup began coverage on Computer Programs & Systems in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $32.00 price objective on shares of Computer Programs & Systems in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.33.

Shares of Computer Programs & Systems (NASDAQ CPSI) traded up $0.30 on Wednesday, reaching $30.35. The company’s stock had a trading volume of 66,000 shares, compared to its average volume of 71,143. The company has a market cap of $413.49, a price-to-earnings ratio of -24.17, a price-to-earnings-growth ratio of 1.79 and a beta of 0.09. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.38. Computer Programs & Systems has a 52-week low of $25.40 and a 52-week high of $36.15.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, February 21st. Computer Programs & Systems’s dividend payout ratio (DPR) is currently -31.50%.

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

A number of institutional investors have recently modified their holdings of CPSI. Schwab Charles Investment Management Inc. raised its stake in Computer Programs & Systems by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock worth $1,334,000 after buying an additional 209 shares during the period. Swiss National Bank raised its stake in Computer Programs & Systems by 14.0% during the 2nd quarter. Swiss National Bank now owns 20,300 shares of the company’s stock worth $666,000 after buying an additional 2,500 shares during the period. Wells Fargo & Company MN raised its stake in Computer Programs & Systems by 18.9% during the 2nd quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock worth $2,660,000 after buying an additional 12,869 shares during the period. Thrivent Financial For Lutherans acquired a new stake in Computer Programs & Systems during the 2nd quarter worth $211,000. Finally, Northern Trust Corp raised its stake in Computer Programs & Systems by 9.1% during the 2nd quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock worth $5,365,000 after buying an additional 13,662 shares during the period. 96.21% of the stock is currently owned by institutional investors and hedge funds.

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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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