Computer Programs & Systems, Inc. Expected to Post Q3 2018 Earnings of $0.76 Per Share (CPSI)

Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Stock analysts at SunTrust Banks upped their Q3 2018 earnings per share estimates for shares of Computer Programs & Systems in a note issued to investors on Monday. SunTrust Banks analyst S. Draper now expects that the company will post earnings per share of $0.76 for the quarter, up from their prior estimate of $0.44. SunTrust Banks also issued estimates for Computer Programs & Systems’ Q4 2018 earnings at $0.16 EPS and FY2019 earnings at $1.45 EPS.

Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Thursday, February 8th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $78.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share.

Several other equities research analysts have also recently weighed in on the company. 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 note on Tuesday. Dougherty & Co reaffirmed a “buy” rating on shares of Computer Programs & Systems in a research note on Monday. BidaskClub raised Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 10th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $32.00 price target on shares of Computer Programs & Systems in a research note on Thursday, February 8th. Finally, KeyCorp reaffirmed a “sell” rating and issued a $23.00 price target on shares of Computer Programs & Systems in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.33.

Shares of Computer Programs & Systems (NASDAQ CPSI) traded up $0.45 during mid-day trading on Thursday, reaching $30.80. The company had a trading volume of 73,800 shares, compared to its average volume of 71,176. The stock has a market capitalization of $417.62, a PE ratio of -24.25, a price-to-earnings-growth ratio of 1.73 and a beta of 0.09. Computer Programs & Systems has a 12 month low of $25.40 and a 12 month high of $36.15. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.42.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.40 annualized dividend and a yield of 1.30%. Computer Programs & Systems’s payout ratio is -31.50%.

In other news, COO Christopher L. Fowler sold 4,000 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glenn Tobin bought 3,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was bought 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. Over the last ninety days, insiders sold 7,868 shares of company stock worth $236,043. 3.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Computer Programs & Systems by 0.9% in the fourth quarter. BlackRock Inc. now owns 1,458,080 shares of the company’s stock worth $43,816,000 after acquiring an additional 12,593 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Computer Programs & Systems by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock worth $38,925,000 after acquiring an additional 41,138 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Computer Programs & Systems by 3.2% in the fourth quarter. River Road Asset Management LLC now owns 799,345 shares of the company’s stock worth $24,020,000 after acquiring an additional 24,590 shares during the last quarter. Millennium Management LLC grew its stake in shares of Computer Programs & Systems by 4,285.2% in the fourth quarter. Millennium Management LLC now owns 305,341 shares of the company’s stock worth $9,175,000 after acquiring an additional 298,378 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Computer Programs & Systems by 3.3% in the second quarter. State Street Corp now owns 282,370 shares of the company’s stock worth $9,264,000 after acquiring an additional 8,914 shares during the last quarter. 96.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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