Computer Programs & Systems, Inc. (CPSI) Expected to Announce Quarterly Sales of $72.83 Million

Wall Street analysts expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will post sales of $72.83 million for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Computer Programs & Systems’ earnings, with estimates ranging from $68.76 million to $76.70 million. Computer Programs & Systems posted sales of $67.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The business is expected to announce its next earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Computer Programs & Systems will report full year sales of $291.04 million for the current financial year, with estimates ranging from $282.70 million to $298.50 million. For the next financial year, analysts forecast that the company will post sales of $301.83 million per share, with estimates ranging from $290.40 million to $321.30 million. Zacks’ sales averages are an average based on a survey of research firms that follow Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, May 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.20. Computer Programs & Systems had a negative net margin of 4.83% and a positive return on equity of 14.77%. The company had revenue of $70.90 million for the quarter, compared to the consensus estimate of $67.87 million. During the same quarter in the previous year, the company earned $0.29 EPS. Computer Programs & Systems’s quarterly revenue was up 10.6% compared to the same quarter last year.

A number of research analysts recently issued reports on the stock. Dougherty & Co reiterated a “buy” rating on shares of Computer Programs & Systems in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, February 13th. BidaskClub upgraded shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 10th. KeyCorp reiterated a “sell” rating and set a $23.00 target price on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Finally, ValuEngine downgraded shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.80.

Shares of Computer Programs & Systems stock traded down $0.15 during trading on Wednesday, reaching $32.95. 173,448 shares of the company traded hands, compared to its average volume of 87,079. The company has a quick ratio of 1.57, a current ratio of 1.61 and a debt-to-equity ratio of 0.96. Computer Programs & Systems has a 1-year low of $27.60 and a 1-year high of $36.15. The company has a market capitalization of $458.50 million, a PE ratio of 24.77, a PEG ratio of 1.52 and a beta of 0.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.40 annualized dividend and a yield of 1.21%. Computer Programs & Systems’s payout ratio is 30.08%.

In other Computer Programs & Systems news, CFO Matt J. Chambless sold 5,492 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $31.44, for a total transaction of $172,668.48. Following the transaction, the chief financial officer now owns 34,821 shares in the company, valued at $1,094,772.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Troy D. Rosser sold 8,088 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $30.34, for a total transaction of $245,389.92. Following the transaction, the senior vice president now owns 35,421 shares in the company, valued at approximately $1,074,673.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,333 shares of company stock worth $1,110,450. Corporate insiders own 4.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robecosam AG acquired a new position in Computer Programs & Systems during the fourth quarter worth $128,000. Barclays PLC raised its holdings in shares of Computer Programs & Systems by 131.1% in the first quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after purchasing an additional 2,494 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Computer Programs & Systems in the fourth quarter valued at about $176,000. Stevens Capital Management LP purchased a new stake in shares of Computer Programs & Systems in the first quarter valued at about $229,000. Finally, UBS Group AG raised its holdings in shares of Computer Programs & Systems by 57.4% in the first quarter. UBS Group AG now owns 9,070 shares of the company’s stock valued at $265,000 after purchasing an additional 3,306 shares during the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.

Computer Programs & Systems Company Profile

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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