Computer Programs and Systems, Inc. (CPSI) Expected to Post Earnings of $0.37 Per Share

Equities research analysts forecast that Computer Programs and Systems, Inc. (NASDAQ:CPSI) will report earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Computer Programs and Systems’ earnings. The lowest EPS estimate is $0.29 and the highest is $0.45. Computer Programs and Systems posted earnings per share of $0.29 during the same quarter last year, which suggests a positive year over year growth rate of 27.6%. The company is scheduled to announce its next earnings report on Thursday, May 3rd.

On average, analysts expect that Computer Programs and Systems will report full-year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $2.33. For the next financial year, analysts forecast that the company will report earnings of $2.16 per share, with EPS estimates ranging from $1.85 to $2.69. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Computer Programs and Systems.

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

Several equities analysts have recently issued reports on CPSI shares. Zacks Investment Research downgraded shares of Computer Programs and Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $32.00 price target on shares of Computer Programs and Systems in a research note on Thursday, February 8th. BidaskClub downgraded shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Citigroup started coverage on shares of Computer Programs and Systems in a research note on Thursday, January 4th. They set a “neutral” rating for the company. Finally, KeyCorp reaffirmed a “sell” rating and set a $23.00 price target on shares of Computer Programs and Systems in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.33.

Shares of CPSI stock traded up $0.15 during trading hours on Monday, hitting $29.25. 107,834 shares of the company’s stock traded hands, compared to its average volume of 81,420. The company has a market capitalization of $409.90, a P/E ratio of 21.99, a PEG ratio of 1.63 and a beta of 0.07. Computer Programs and Systems has a 12 month low of $26.05 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.

In other news, SVP Troy D. Rosser sold 8,088 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $30.34, for a total value of $245,389.92. Following the sale, the senior vice president now owns 35,421 shares of the company’s stock, valued at $1,074,673.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Christopher L. Fowler sold 1,252 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $29.25, for a total transaction of $36,621.00. Following the completion of the sale, the chief operating officer now directly owns 51,659 shares in the company, valued at approximately $1,511,025.75. The disclosure for this sale can be found here. Insiders have sold 26,636 shares of company stock valued at $800,858 in the last three months. 4.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in shares of Computer Programs and Systems by 12.8% in the third quarter. GSA Capital Partners LLP now owns 22,900 shares of the company’s stock valued at $677,000 after purchasing an additional 2,600 shares during the period. Raymond James & Associates raised its position in shares of Computer Programs and Systems by 43.4% in the fourth quarter. Raymond James & Associates now owns 11,017 shares of the company’s stock valued at $331,000 after purchasing an additional 3,336 shares during the period. Rhumbline Advisers raised its position in shares of Computer Programs and Systems by 16.9% in the fourth quarter. Rhumbline Advisers now owns 26,358 shares of the company’s stock valued at $792,000 after purchasing an additional 3,813 shares during the period. California Public Employees Retirement System raised its position in shares of Computer Programs and Systems by 9.7% in the third quarter. California Public Employees Retirement System now owns 48,484 shares of the company’s stock valued at $1,433,000 after purchasing an additional 4,284 shares during the period. Finally, Robecosam AG purchased a new position in Computer Programs and Systems during the fourth quarter valued at approximately $128,000. 90.62% of the stock is currently owned by institutional investors.

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About Computer Programs and Systems

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as helps to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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