Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Stock analysts at SunTrust Banks lowered their Q1 2018 earnings per share (EPS) estimates for Computer Programs & Systems in a research note issued to investors on Monday. SunTrust Banks analyst S. Draper now anticipates that the company will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.28. SunTrust Banks also issued estimates for Computer Programs & Systems’ Q2 2018 earnings at $0.52 EPS and FY2018 earnings at $1.73 EPS.

Several other equities analysts also recently commented on CPSI. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub downgraded Computer Programs & Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Citigroup started coverage on Computer Programs & Systems in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. KeyCorp restated a “sell” rating and issued a $23.00 price objective on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $32.00 price objective on shares of Computer Programs & Systems in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.33.

Computer Programs & Systems (NASDAQ:CPSI) opened at $30.80 on Wednesday. Computer Programs & Systems has a 52-week low of $25.40 and a 52-week high of $36.15. The company has a market capitalization of $423.69, a PE ratio of -24.25, a PEG ratio of 1.79 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.

Computer Programs & Systems (NASDAQ:CPSI) last announced 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. Computer Programs & Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. The business had revenue of $78.10 million for the quarter, compared to the consensus estimate of $69.24 million. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s revenue was up 21.0% on a year-over-year basis.

Several large investors have recently bought and sold shares of CPSI. Millennium Management LLC lifted its position 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 buying an additional 298,378 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in shares of Computer Programs & Systems by 300.6% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 107,119 shares of the company’s stock worth $3,219,000 after buying an additional 80,382 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Computer Programs & Systems in the fourth quarter worth about $1,691,000. Wasatch Advisors Inc. lifted its position in shares of Computer Programs & Systems by 35.0% in the fourth quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock worth $6,010,000 after buying an additional 51,814 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in shares of Computer Programs & Systems by 51.3% in the fourth quarter. Kennedy Capital Management Inc. now owns 151,613 shares of the company’s stock worth $4,556,000 after buying an additional 51,393 shares in the last quarter. Institutional investors own 96.21% of the company’s stock.

In related news, EVP Victor S. Schneider sold 1,695 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $29.45, for a total value of $49,917.75. Following the sale, the executive vice president now directly 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 through this link. Also, insider John B. Douglas, Jr. sold 2,173 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $29.97, for a total value of $65,124.81. The disclosure for this sale can be found here. Insiders sold 7,868 shares of company stock worth $236,043 over the last quarter. 3.70% of the stock is owned by company insiders.

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

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Computer Programs & Systems Company Profile

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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