SunTrust Banks Brokers Boost Earnings Estimates for Computer Programs and Systems, Inc. (CPSI)
Computer Programs and Systems, Inc. (NASDAQ:CPSI) – Investment analysts at SunTrust Banks upped their Q4 2017 earnings per share estimates for shares of Computer Programs and Systems in a report issued on Wednesday. SunTrust Banks analyst S. Draper now forecasts that the company will post earnings per share of $0.33 for the quarter, up from their previous estimate of $0.27. SunTrust Banks has a “Hold” rating and a $32.00 price objective on the stock. SunTrust Banks also issued estimates for Computer Programs and Systems’ Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.57 EPS.
Several other equities research analysts have also issued reports on CPSI. Zacks Investment Research raised Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, August 8th. BidaskClub raised Computer Programs and Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Computer Programs and Systems in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Computer Programs and Systems in a research note on Thursday, August 31st. Finally, KeyCorp reaffirmed a “sell” rating and issued a $21.00 price objective on shares of Computer Programs and Systems in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.50.
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Shares of Computer Programs and Systems (CPSI) opened at $29.15 on Monday. The stock has a market capitalization of $400.99, a P/E ratio of 24.50, a PEG ratio of 2.12 and a beta of 0.12. Computer Programs and Systems has a one year low of $21.60 and a one year high of $36.15. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.87.
Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). Computer Programs and Systems had a net margin of 2.32% and a return on equity of 10.01%. The firm had revenue of $67.11 million for the quarter, compared to the consensus estimate of $68.68 million. During the same period in the previous year, the company posted $0.34 earnings per share. Computer Programs and Systems’s quarterly revenue was up 3.8% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. Computer Programs and Systems’s payout ratio is 88.89%.
In other news, insider David A. Dye sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.03, for a total value of $90,090.00. Following the sale, the insider now directly owns 58,568 shares in the company, valued at $1,758,797.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CPSI. Vanguard Group Inc. raised its holdings in shares of Computer Programs and Systems by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,145,617 shares of the company’s stock worth $32,077,000 after buying an additional 75,815 shares during the period. Hamilton Lane Advisors LLC purchased a new position in Computer Programs and Systems during the 2nd quarter worth $2,462,000. Kennedy Capital Management Inc. increased its holdings in Computer Programs and Systems by 35.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock worth $7,458,000 after purchasing an additional 59,807 shares during the period. JPMorgan Chase & Co. increased its holdings in Computer Programs and Systems by 502.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,315 shares of the company’s stock worth $1,913,000 after purchasing an additional 48,636 shares during the period. Finally, Wasatch Advisors Inc. increased its holdings in Computer Programs and Systems by 71.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 113,186 shares of the company’s stock worth $3,713,000 after purchasing an additional 47,000 shares during the period. Hedge funds and other institutional investors own 97.27% of the company’s stock.
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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