Computer Programs and Systems Inc. (NASDAQ:CPSI) – Investment analysts at KeyCorp issued their Q1 2017 earnings estimates for Computer Programs and Systems in a research note issued to investors on Monday. KeyCorp analyst D. Hooker forecasts that the brokerage will earn $0.30 per share for the quarter. KeyCorp has a “Sell” rating and a $21.00 price objective on the stock. KeyCorp also issued estimates for Computer Programs and Systems’ Q2 2017 earnings at $0.34 EPS, Q3 2017 earnings at $0.37 EPS and Q4 2017 earnings at $0.42 EPS.

Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. Leerink Swann reissued a “market perform” rating and issued a $26.00 price target (down from $45.00) on shares of Computer Programs and Systems in a research report on Thursday, September 1st. FBR & Co lowered their price target on Computer Programs and Systems from $48.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday, August 5th. William Blair reissued a “market perform” rating on shares of Computer Programs and Systems in a research report on Thursday, November 3rd. Finally, Citigroup Inc. lowered their price target on Computer Programs and Systems from $47.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, September 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Computer Programs and Systems currently has a consensus rating of “Hold” and a consensus price target of $39.73.

Earnings History and Estimates for Computer Programs and Systems (NASDAQ:CPSI)

Shares of Computer Programs and Systems (NASDAQ:CPSI) traded down 1.109% during trading on Thursday, hitting $24.525. 125,887 shares of the stock were exchanged. Computer Programs and Systems has a 1-year low of $18.25 and a 1-year high of $59.16. The firm’s 50-day moving average is $25.55 and its 200 day moving average is $33.24. The company has a market cap of $331.90 billion, a P/E ratio of 54.500 and a beta of 0.37.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.15. Computer Programs and Systems had a net margin of 2.16% and a return on equity of 13.45%. The business earned $64.70 million during the quarter, compared to analyst estimates of $67.70 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s quarterly revenue was up 45.1% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of CPSI. Arizona State Retirement System increased its position in shares of Computer Programs and Systems by 1.8% in the second quarter. Arizona State Retirement System now owns 5,553 shares of the company’s stock valued at $222,000 after buying an additional 100 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Computer Programs and Systems by 0.4% in the third quarter. California State Teachers Retirement System now owns 23,679 shares of the company’s stock valued at $617,000 after buying an additional 100 shares in the last quarter. BlackRock Investment Management LLC increased its position in shares of Computer Programs and Systems by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 48,492 shares of the company’s stock valued at $1,264,000 after buying an additional 143 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Computer Programs and Systems by 2.0% in the third quarter. Eqis Capital Management Inc. now owns 10,265 shares of the company’s stock valued at $268,000 after buying an additional 200 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in shares of Computer Programs and Systems by 4.7% in the second quarter. BlackRock Advisors LLC now owns 5,505 shares of the company’s stock valued at $220,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

In related news, Director Arthur Robert Outlaw, Jr. bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was acquired at an average price of $26.09 per share, for a total transaction of $26,090.00. Following the purchase, the director now directly owns 6,857 shares in the company, valued at $178,899.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John B. Douglas, Jr. bought 10,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was bought at an average price of $25.43 per share, with a total value of $254,300.00. Following the purchase, the insider now owns 189,685 shares in the company, valued at $4,823,689.55. The disclosure for this purchase can be found here. 3.57% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.96 annualized dividend and a yield of 3.87%. Computer Programs and Systems’s dividend payout ratio is currently 309.09%.

Computer Programs and 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 provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations.

5 Day Chart for NASDAQ:CPSI

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