Q1 2018 EPS Estimates for Computer Programs & Systems, Inc. (CPSI) Decreased by Analyst

Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Equities research analysts at SunTrust Banks cut their Q1 2018 earnings estimates for Computer Programs & Systems in a research report issued to clients and investors on Monday. SunTrust Banks analyst S. Draper now anticipates that the company will earn $0.27 per share for the quarter, down from their previous forecast of $0.28. SunTrust Banks also issued estimates for Computer Programs & Systems’ Q2 2018 earnings at $0.52 EPS and FY2018 earnings at $1.73 EPS.

CPSI has been the topic of a number of other research reports. Dougherty & Co reaffirmed a “buy” rating on shares of Computer Programs & Systems in a research report on Monday. Zacks Investment Research raised Computer Programs & Systems from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Tuesday. BidaskClub raised Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. KeyCorp reaffirmed a “sell” rating and set a $23.00 price target on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Finally, Citigroup began coverage on Computer Programs & Systems in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.33.

Shares of Computer Programs & Systems (NASDAQ:CPSI) opened at $30.35 on Wednesday. The company has a market capitalization of $413.49, a PE ratio of 21.77, a PEG ratio of 1.79 and a beta of 0.09. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. Computer Programs & Systems has a 1 year low of $25.40 and a 1 year high of $36.15.

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

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Computer Programs & Systems by 0.9% in the 4th quarter. BlackRock Inc. now owns 1,458,080 shares of the company’s stock valued at $43,816,000 after buying an additional 12,593 shares during the last quarter. Vanguard Group Inc. raised its position in Computer Programs & Systems by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock valued at $38,925,000 after buying an additional 41,138 shares during the last quarter. River Road Asset Management LLC raised its position in Computer Programs & Systems by 3.2% in the 4th quarter. River Road Asset Management LLC now owns 799,345 shares of the company’s stock valued at $24,020,000 after buying an additional 24,590 shares during the last quarter. State Street Corp raised its position in Computer Programs & Systems by 3.3% in the 2nd quarter. State Street Corp now owns 282,370 shares of the company’s stock valued at $9,264,000 after buying an additional 8,914 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Computer Programs & Systems by 10.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 264,579 shares of the company’s stock valued at $7,819,000 after buying an additional 25,106 shares during the last quarter. 96.21% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Christopher L. Fowler sold 4,000 shares of Computer Programs & Systems stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. Also, EVP Victor S. Schneider sold 1,695 shares of Computer Programs & Systems 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 directly owns 41,657 shares in the company, valued at approximately $1,226,798.65. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders 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 dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, February 21st. Computer Programs & Systems’s dividend payout ratio is currently -31.50%.

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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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