Zacks: Brokerages Expect Computer Programs & Systems, Inc. (CPSI) Will Post Quarterly Sales of $69.19 Million

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Equities research analysts expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will announce sales of $69.19 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Computer Programs & Systems’ earnings, with estimates ranging from $66.30 million to $71.28 million. Computer Programs & Systems reported sales of $67.91 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The firm is expected to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Computer Programs & Systems will report full year sales of $280.86 million for the current fiscal year, with estimates ranging from $275.00 million to $288.05 million. For the next fiscal year, analysts expect that the business will post sales of $285.64 million, with estimates ranging from $273.90 million to $293.46 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The company had revenue of $69.14 million for the quarter, compared to analysts’ expectations of $70.81 million. Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS.

A number of equities analysts recently weighed in on CPSI shares. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, January 29th. BidaskClub lowered shares of Computer Programs & Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. ValuEngine upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Cantor Fitzgerald restated a “hold” rating and set a $32.00 price target on shares of Computer Programs & Systems in a research report on Friday, February 15th. Finally, TheStreet upgraded shares of Computer Programs & Systems from a “c-” rating to a “b-” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.01.

Shares of CPSI stock traded up $0.25 on Tuesday, reaching $26.62. 86,444 shares of the company were exchanged, compared to its average volume of 135,170. The stock has a market capitalization of $382.13 million, a P/E ratio of 13.72, a P/E/G ratio of 1.64 and a beta of 0.25. The company has a quick ratio of 1.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.73. Computer Programs & Systems has a 1 year low of $23.81 and a 1 year high of $34.65.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 16th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.50%. Computer Programs & Systems’s payout ratio is presently 20.62%.

In other Computer Programs & Systems news, VP Robert D. Hinckle sold 3,541 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $27.74, for a total value of $98,227.34. Following the transaction, the vice president now directly owns 44,041 shares in the company, valued at approximately $1,221,697.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Christopher L. Fowler sold 7,750 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $26.96, for a total transaction of $208,940.00. Following the completion of the transaction, the chief operating officer now owns 60,294 shares in the company, valued at $1,625,526.24. The disclosure for this sale can be found here. Insiders have sold 27,771 shares of company stock worth $778,821 over the last 90 days. 12.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Federated Investors Inc. PA acquired a new position in Computer Programs & Systems in the 1st quarter valued at about $29,000. Ledyard National Bank acquired a new position in Computer Programs & Systems in the 4th quarter valued at about $25,000. Financial Gravity Wealth Inc. acquired a new position in Computer Programs & Systems in the 1st quarter valued at about $45,000. Financial Gravity Companies Inc. acquired a new position in Computer Programs & Systems in the 4th quarter valued at about $43,000. Finally, Investors Research Corp acquired a new position in Computer Programs & Systems in the 1st quarter valued at about $56,000. Institutional investors own 82.89% 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 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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