Wall Street brokerages expect that Computer Programs and Systems, Inc. (NASDAQ:CPSI) will report $68.55 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Computer Programs and Systems’ earnings. The lowest sales estimate is $67.70 million and the highest is $69.30 million. Computer Programs and Systems reported sales of $64.66 million during the same quarter last year, which indicates a positive year over year growth rate of 6%. The business is expected to announce its next earnings report on Thursday, November 2nd.

On average, analysts expect that Computer Programs and Systems will report full year sales of $68.55 million for the current fiscal year, with estimates ranging from $264.10 million to $270.50 million. For the next financial year, analysts forecast that the business will report sales of $285.05 million per share, with estimates ranging from $276.35 million to $290.90 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The firm had revenue of $67.70 million during the quarter, compared to the consensus estimate of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 earnings per share.

A number of research analysts have issued reports on the company. BidaskClub cut Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Dougherty & Co lifted their target price on Computer Programs and Systems from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Robert W. Baird reiterated a “neutral” rating and issued a $30.00 target price (up previously from $27.00) on shares of Computer Programs and Systems in a research report on Friday, June 16th. Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 target price on shares of Computer Programs and Systems in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.43.

In related news, COO Christopher L. Fowler sold 837 shares of Computer Programs and Systems stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $34.90, for a total value of $29,211.30. Following the transaction, the chief operating officer now directly owns 32,145 shares of the company’s stock, valued at $1,121,860.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Dye sold 3,000 shares of Computer Programs and Systems stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $29.01, for a total value of $87,030.00. Following the completion of the transaction, the insider now directly owns 61,568 shares in the company, valued at $1,786,087.68. The disclosure for this sale can be found here. Insiders have sold 16,235 shares of company stock worth $528,015 over the last three months. Insiders own 3.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Computer Programs and Systems by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,186,755 shares of the company’s stock worth $38,925,000 after buying an additional 41,138 shares in the last quarter. Quantum Capital Management LLC NJ raised its position in Computer Programs and Systems by 1.6% in the first quarter. Quantum Capital Management LLC NJ now owns 924,384 shares of the company’s stock worth $25,883,000 after buying an additional 14,917 shares in the last quarter. VNBTrust National Association raised its position in Computer Programs and Systems by 111.7% in the second quarter. VNBTrust National Association now owns 317,394 shares of the company’s stock worth $10,411,000 after buying an additional 167,469 shares in the last quarter. State Street Corp raised its position in Computer Programs and Systems by 3.3% in the second quarter. State Street Corp now owns 282,370 shares of the company’s stock worth $9,264,000 after buying an additional 8,914 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Computer Programs and Systems by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 239,473 shares of the company’s stock worth $7,855,000 after buying an additional 7,972 shares in the last quarter.

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Shares of Computer Programs and Systems (NASDAQ CPSI) opened at 29.20 on Wednesday. Computer Programs and Systems has a 12 month low of $18.25 and a 12 month high of $36.15. The company has a market capitalization of $392.13 million, a P/E ratio of 75.26 and a beta of 0.23. The company has a 50-day moving average of $30.57 and a 200 day moving average of $29.78.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.11%. This is a positive change from Computer Programs and Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, August 15th. Computer Programs and Systems’s dividend payout ratio (DPR) is presently 300.00%.

About Computer Programs and Systems

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’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

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