Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Stock analysts at Dougherty & Co lifted their FY2018 earnings per share (EPS) estimates for shares of Computer Programs & Systems in a research note issued on Sunday. Dougherty & Co analyst G. Mannheimer now expects that the company will post earnings per share of $1.55 for the year, up from their previous forecast of $1.52. Dougherty & Co currently has a “Buy” rating on the stock.

Other analysts have also recently issued reports about the stock. Cantor Fitzgerald reaffirmed a “hold” rating and set a $32.00 target price on shares of Computer Programs & Systems in a report on Thursday, February 8th. Zacks Investment Research raised shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Citigroup started coverage on shares of Computer Programs & Systems in a report on Thursday, January 4th. They set a “neutral” rating for the company. BidaskClub raised shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, KeyCorp reaffirmed a “sell” rating and set a $23.00 target price on shares of Computer Programs & Systems in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Computer Programs & Systems has a consensus rating of “Hold” and an average target price of $31.33.

Computer Programs & Systems (NASDAQ CPSI) traded up $0.30 on Wednesday, hitting $30.35. 66,000 shares of the stock traded hands, compared to its average volume of 71,143. 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 1 year low of $25.40 and a 1 year high of $36.15. The stock has a market capitalization of $413.49, a PE ratio of -24.17, a price-to-earnings-growth ratio of 1.79 and a beta of 0.09.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.63 earnings per share for the quarter, beating 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 firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $69.24 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 21.0% on a year-over-year basis.

Several institutional investors and hedge funds have recently bought and sold shares of CPSI. Schwab Charles Investment Management Inc. boosted its position in shares of Computer Programs & Systems by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock worth $1,334,000 after purchasing an additional 209 shares during the period. Swiss National Bank boosted its position in shares of Computer Programs & Systems by 14.0% in the second quarter. Swiss National Bank now owns 20,300 shares of the company’s stock worth $666,000 after purchasing an additional 2,500 shares during the period. Wells Fargo & Company MN boosted its position in shares of Computer Programs & Systems by 18.9% in the second quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock worth $2,660,000 after purchasing an additional 12,869 shares during the period. Thrivent Financial For Lutherans bought a new position in shares of Computer Programs & Systems in the second quarter worth approximately $211,000. Finally, Northern Trust Corp boosted its position in shares of Computer Programs & Systems by 9.1% in the second quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock worth $5,365,000 after purchasing an additional 13,662 shares during the period. Institutional investors and hedge funds own 96.21% of the company’s stock.

In other news, Director Glenn Tobin purchased 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $29.38 per share, for a total transaction of $102,830.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

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

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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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