Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Stock analysts at Dougherty & Co issued their Q1 2018 earnings estimates for shares of Computer Programs & Systems in a research note issued to investors on Sunday. Dougherty & Co analyst G. Mannheimer expects 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 announced its quarterly earnings results on Thursday, February 8th. The company reported $0.63 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $69.24 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. Computer Programs & Systems’s quarterly revenue was up 21.0% on a year-over-year basis.

Several other brokerages have also recently weighed in on CPSI. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Cantor Fitzgerald reiterated a “hold” rating and set a $32.00 price objective on shares of Computer Programs & Systems in a research report on Thursday, February 8th. BidaskClub cut shares of Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Citigroup initiated coverage on shares of Computer Programs & Systems in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, KeyCorp reiterated a “sell” rating and set a $23.00 price objective on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company 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 Tuesday. Computer Programs & Systems has a 1 year low of $25.40 and a 1 year high of $36.15. The firm has a market cap of $414.06, a price-to-earnings ratio of -23.90, a P/E/G ratio of 1.89 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.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders 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 1.32%. The ex-dividend date is Wednesday, February 21st. Computer Programs & Systems’s dividend payout ratio (DPR) is -31.50%.

In other Computer Programs & Systems news, EVP Victor S. Schneider sold 1,695 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $29.45, for a total transaction of $49,917.75. Following the transaction, the executive vice president now owns 41,657 shares in the company, valued at $1,226,798.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn Tobin acquired 3,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of $29.38 per share, for a total transaction of $102,830.00. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Computer Programs & Systems by 18.9% during the second quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock valued at $2,660,000 after purchasing an additional 12,869 shares during the period. Northern Trust Corp boosted its stake in shares of Computer Programs & Systems by 9.1% during the second quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock valued at $5,365,000 after purchasing an additional 13,662 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Computer Programs & Systems by 21.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 49,178 shares of the company’s stock valued at $1,454,000 after purchasing an additional 8,533 shares during the period. Royal Bank of Canada boosted its stake in shares of Computer Programs & Systems by 0.3% during the second quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock valued at $1,046,000 after purchasing an additional 88 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Computer Programs & Systems by 502.5% during the second quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock valued at $1,913,000 after purchasing an additional 48,636 shares during the period. 96.21% of the stock is 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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