Equities research analysts expect Computer Programs and Systems, Inc. (NASDAQ:CPSI) to post earnings per share of $0.46 for the current quarter, according to Zacks. Eight analysts have issued estimates for Computer Programs and Systems’ earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.44. Computer Programs and Systems posted earnings of $0.34 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 35.3%. The firm is expected to issue its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Computer Programs and Systems will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.51 to $1.75. For the next year, analysts expect that the business will post earnings of $1.89 per share, with EPS estimates ranging from $1.76 to $2.04. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Computer Programs and Systems had a return on equity of 9.59% and a net margin of 2.08%. The business had revenue of $67.70 million during the quarter, compared to analysts’ expectations of $69.56 million. During the same period in the previous year, the business earned $0.48 EPS. The business’s revenue was down 1.0% compared to the same quarter last year.

CPSI has been the topic of several research analyst reports. BidaskClub downgraded Computer Programs and Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research raised Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, July 5th. KeyCorp reaffirmed a “sell” rating and issued a $21.00 price objective on shares of Computer Programs and Systems in a research report on Friday, September 22nd. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $32.00 price objective (down previously from $35.00) on shares of Computer Programs and Systems in a research report on Thursday, September 14th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Computer Programs and Systems in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.71.

Shares of Computer Programs and Systems (NASDAQ CPSI) traded down 0.33% during mid-day trading on Wednesday, reaching $30.30. The company had a trading volume of 18,982 shares. The firm has a 50-day moving average price of $29.10 and a 200-day moving average price of $30.38. Computer Programs and Systems has a 1-year low of $18.25 and a 1-year high of $36.15. The stock has a market capitalization of $406.90 million, a price-to-earnings ratio of 78.09 and a beta of 0.19.

In other news, insider David A. Dye sold 3,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $30.03, for a total transaction of $90,090.00. Following the transaction, the insider now owns 58,568 shares of the company’s stock, valued at approximately $1,758,797.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CPSI. Teachers Advisors LLC grew its position in shares of Computer Programs and Systems by 49.4% during the 4th quarter. Teachers Advisors LLC now owns 39,742 shares of the company’s stock worth $938,000 after buying an additional 13,135 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Computer Programs and Systems by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 68,248 shares of the company’s stock worth $1,911,000 after buying an additional 1,305 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Computer Programs and Systems by 13.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,345 shares of the company’s stock worth $430,000 after buying an additional 1,799 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Computer Programs and Systems by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 231,501 shares of the company’s stock worth $6,481,000 after buying an additional 12,313 shares in the last quarter. Finally, Comerica Bank grew its position in shares of Computer Programs and Systems by 7.0% during the 1st quarter. Comerica Bank now owns 12,577 shares of the company’s stock worth $343,000 after buying an additional 820 shares in the last quarter.

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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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