Computer Programs & Systems, Inc. (NASDAQ:CPSI) – SunTrust Banks cut their Q1 2018 earnings per share estimates for shares of Computer Programs & Systems in a research note issued to investors on Monday. SunTrust Banks analyst S. Draper now expects that the company will post earnings of $0.27 per share for the quarter, down from their previous forecast of $0.28. SunTrust Banks also issued estimates for Computer Programs & Systems’ Q2 2018 earnings at $0.52 EPS and FY2018 earnings at $1.73 EPS.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, February 8th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The firm had revenue of $78.10 million during the quarter, compared to the consensus estimate of $69.24 million. Computer Programs & Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Computer Programs & Systems from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Tuesday. Dougherty & Co reissued a “buy” rating on shares of Computer Programs & Systems in a report on Monday. KeyCorp reissued a “sell” rating and set a $23.00 price target on shares of Computer Programs & Systems in a report on Wednesday, January 31st. BidaskClub raised Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $32.00 price target on shares of Computer Programs & Systems in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.33.

Shares of Computer Programs & Systems (NASDAQ:CPSI) opened at $30.35 on Wednesday. The firm has a market capitalization of $413.49, a price-to-earnings ratio of 21.77, a PEG ratio of 1.79 and a beta of 0.09. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. Computer Programs & Systems has a 1 year low of $25.40 and a 1 year high of $36.15.

A number of institutional investors and hedge funds have recently modified their holdings of CPSI. Dalton Greiner Hartman Maher & Co. increased its holdings in Computer Programs & Systems by 300.6% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 107,119 shares of the company’s stock worth $3,219,000 after purchasing an additional 80,382 shares in the last quarter. LSV Asset Management acquired a new position in Computer Programs & Systems in the 4th quarter worth about $1,691,000. Wasatch Advisors Inc. increased its holdings in Computer Programs & Systems by 35.0% in the 4th quarter. Wasatch Advisors Inc. now owns 200,000 shares of the company’s stock worth $6,010,000 after purchasing an additional 51,814 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in Computer Programs & Systems by 51.3% in the 4th quarter. Kennedy Capital Management Inc. now owns 151,613 shares of the company’s stock worth $4,556,000 after purchasing an additional 51,393 shares in the last quarter. Finally, AXA increased its holdings in Computer Programs & Systems by 125.1% in the 4th quarter. AXA now owns 88,900 shares of the company’s stock worth $2,671,000 after purchasing an additional 49,400 shares in the last quarter. 96.21% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Victor S. Schneider sold 1,695 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $29.45, for a total transaction of $49,917.75. Following the completion of the transaction, the executive vice president now owns 41,657 shares of the company’s stock, valued at approximately $1,226,798.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher L. Fowler sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. Computer Programs & Systems’s dividend payout ratio (DPR) is currently -31.50%.

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Computer Programs & 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’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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