Analysts forecast that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will report sales of $67.85 million for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Computer Programs & Systems’ earnings. The lowest sales estimate is $66.20 million and the highest is $71.20 million. Computer Programs & Systems reported sales of $64.08 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is expected to issue its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Computer Programs & Systems will report full-year sales of $67.85 million for the current fiscal year, with estimates ranging from $279.67 million to $293.80 million. For the next fiscal year, analysts anticipate that the firm will post sales of $296.01 million per share, with estimates ranging from $284.60 million to $306.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Computer Programs & Systems.

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

Several equities research analysts have commented on CPSI shares. Dougherty & Co reaffirmed a “buy” rating on shares of Computer Programs & Systems in a report on Monday. Cantor Fitzgerald reaffirmed a “hold” rating and set a $32.00 price objective 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 on the stock. Finally, BidaskClub raised shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Computer Programs & Systems presently has a consensus rating of “Hold” and an average price target of $31.33.

In other news, COO Christopher L. Fowler sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn Tobin purchased 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were bought 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. Over the last ninety days, insiders have sold 7,868 shares of company stock worth $236,043. Insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates increased its position in shares of Computer Programs & Systems by 43.4% during the fourth quarter. Raymond James & Associates now owns 11,017 shares of the company’s stock valued at $331,000 after buying an additional 3,336 shares during the period. Robecosam AG bought a new stake in shares of Computer Programs & Systems during the fourth quarter valued at about $128,000. Guggenheim Capital LLC increased its position in shares of Computer Programs & Systems by 36.5% during the fourth quarter. Guggenheim Capital LLC now owns 33,395 shares of the company’s stock valued at $1,003,000 after buying an additional 8,934 shares during the period. Deutsche Bank AG increased its position in shares of Computer Programs & Systems by 46.9% during the fourth quarter. Deutsche Bank AG now owns 28,192 shares of the company’s stock valued at $846,000 after buying an additional 9,004 shares during the period. Finally, AXA increased its position in shares of Computer Programs & Systems by 125.1% during the fourth quarter. AXA now owns 88,900 shares of the company’s stock valued at $2,671,000 after buying an additional 49,400 shares during the period. Hedge funds and other institutional investors own 96.21% of the company’s stock.

Computer Programs & Systems (NASDAQ CPSI) traded up $0.45 during midday trading on Friday, reaching $30.80. 73,899 shares of the company’s stock traded hands, compared to its average volume of 73,486. The stock has a market capitalization of $423.69, a P/E ratio of -24.25, a PEG ratio of 1.79 and a beta of 0.09. Computer Programs & Systems has a 1-year low of $25.40 and a 1-year 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 firm also recently disclosed 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. This represents a $0.40 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, February 21st. Computer Programs & Systems’s dividend payout ratio (DPR) is presently -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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