Brokerages Anticipate Computer Programs & Systems, Inc. (NASDAQ:CPSI) Will Announce Quarterly Sales of $69.72 Million

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Wall Street analysts expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to report $69.72 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Computer Programs & Systems’ earnings, with the lowest sales estimate coming in at $67.10 million and the highest estimate coming in at $74.82 million. Computer Programs & Systems posted sales of $69.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The business is expected to announce its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Computer Programs & Systems will report full year sales of $275.03 million for the current fiscal year, with estimates ranging from $269.70 million to $287.99 million. For the next year, analysts anticipate that the firm will report sales of $278.59 million, with estimates ranging from $269.60 million to $293.22 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last announced its earnings results on Tuesday, August 6th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.18. Computer Programs & Systems had a return on equity of 14.04% and a net margin of 6.66%. The business had revenue of $66.16 million for the quarter, compared to analysts’ expectations of $68.74 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis.

Several analysts recently commented on the company. TheStreet cut Computer Programs & Systems from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Cantor Fitzgerald set a $26.00 target price on Computer Programs & Systems and gave the company a “hold” rating in a report on Wednesday, August 7th. Zacks Investment Research cut Computer Programs & Systems from a “hold” rating to a “strong sell” rating in a report on Monday, August 12th. BidaskClub upgraded Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a report on Friday. Finally, Dougherty & Co upgraded Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.41.

In related news, insider John B. Douglas, Jr. sold 2,605 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $28.28, for a total value of $73,669.40. Following the transaction, the insider now directly owns 237,963 shares in the company, valued at approximately $6,729,593.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Troy D. Rosser sold 5,620 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $21.21, for a total value of $119,200.20. Following the completion of the transaction, the senior vice president now owns 41,509 shares in the company, valued at $880,405.89. The disclosure for this sale can be found here. Insiders have sold a total of 10,830 shares of company stock worth $264,533 over the last 90 days. Company insiders own 12.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CPSI. Acadian Asset Management LLC lifted its holdings in shares of Computer Programs & Systems by 1,716.9% in the 1st quarter. Acadian Asset Management LLC now owns 110,759 shares of the company’s stock worth $3,288,000 after purchasing an additional 104,663 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Computer Programs & Systems by 5.6% in the 2nd quarter. BlackRock Inc. now owns 1,942,899 shares of the company’s stock worth $53,994,000 after purchasing an additional 103,749 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Computer Programs & Systems in the 2nd quarter worth $2,436,000. JPMorgan Chase & Co. lifted its holdings in shares of Computer Programs & Systems by 218.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,508 shares of the company’s stock worth $3,287,000 after purchasing an additional 83,383 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Computer Programs & Systems in the 2nd quarter worth $2,057,000. Institutional investors own 79.20% of the company’s stock.

Shares of CPSI stock opened at $23.94 on Thursday. The business’s 50 day simple moving average is $22.82 and its 200 day simple moving average is $26.98. Computer Programs & Systems has a one year low of $20.72 and a one year high of $34.00. The stock has a market capitalization of $343.47 million, a PE ratio of 12.34, a PEG ratio of 2.38 and a beta of 0.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.55.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Thursday, August 15th. Computer Programs & Systems’s payout ratio is 20.62%.

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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