Equities analysts expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to announce sales of $70.05 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Computer Programs & Systems’ earnings. The highest sales estimate is $73.00 million and the lowest is $67.50 million. Computer Programs & Systems reported sales of $70.88 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.2%. The company is scheduled to issue its next earnings results on Thursday, May 2nd.
According to Zacks, analysts expect that Computer Programs & Systems will report full year sales of $286.34 million for the current fiscal year, with estimates ranging from $280.30 million to $291.32 million. For the next fiscal year, analysts anticipate that the company will report sales of $292.62 million, with estimates ranging from $281.50 million to $304.77 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Computer Programs & Systems.
Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Friday, February 15th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.20. The company had revenue of $72.30 million during the quarter, compared to the consensus estimate of $74.06 million. Computer Programs & Systems had a net margin of 6.29% and a return on equity of 17.65%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS.
Several research firms have recently weighed in on CPSI. SunTrust Banks boosted their target price on shares of Computer Programs & Systems to $35.00 and gave the stock a “hold” rating in a research report on Thursday, February 21st. TheStreet raised shares of Computer Programs & Systems from a “c-” rating to a “b-” rating in a report on Friday, February 15th. BidaskClub raised shares of Computer Programs & Systems from a “hold” rating to a “buy” rating in a report on Monday, February 18th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $32.00 price target on shares of Computer Programs & Systems in a report on Friday, February 15th. Finally, Zacks Investment Research lowered shares of Computer Programs & Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Computer Programs & Systems presently has a consensus rating of “Hold” and an average target price of $28.83.
CPSI opened at $30.31 on Thursday. The stock has a market capitalization of $438.22 million, a PE ratio of 15.62, a P/E/G ratio of 1.91 and a beta of 0.18. Computer Programs & Systems has a 1-year low of $23.81 and a 1-year high of $34.65. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 0.78.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, February 28th. Computer Programs & Systems’s dividend payout ratio (DPR) is presently 20.62%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Computer Programs & Systems by 6.1% during the 3rd quarter. BlackRock Inc. now owns 1,775,310 shares of the company’s stock valued at $47,669,000 after purchasing an additional 102,798 shares during the period. Wells Fargo & Company MN boosted its stake in Computer Programs & Systems by 83.9% during the 3rd quarter. Wells Fargo & Company MN now owns 34,003 shares of the company’s stock valued at $913,000 after purchasing an additional 15,511 shares during the period. Northern Trust Corp boosted its stake in Computer Programs & Systems by 1.6% during the 2nd quarter. Northern Trust Corp now owns 165,583 shares of the company’s stock valued at $5,447,000 after purchasing an additional 2,550 shares during the period. Algert Global LLC acquired a new position in Computer Programs & Systems during the 4th quarter valued at about $1,291,000. Finally, Mondrian Investment Partners LTD boosted its stake in Computer Programs & Systems by 0.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 104,609 shares of the company’s stock valued at $2,626,000 after purchasing an additional 376 shares during the period. 88.11% of the stock is owned by institutional investors and hedge funds.
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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