Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Equities researchers at SunTrust Banks boosted their Q3 2018 earnings per share (EPS) estimates for Computer Programs & Systems in a report issued on Monday. SunTrust Banks analyst S. Draper now forecasts that the company will post earnings per share of $0.76 for the quarter, up from their previous forecast of $0.44. SunTrust Banks also issued estimates for Computer Programs & Systems’ Q4 2018 earnings at $0.16 EPS and FY2019 earnings at $1.45 EPS.

Other equities analysts have also issued reports about the stock. Dougherty & Co reaffirmed a “buy” rating on shares of Computer Programs & Systems in a research report on Monday. BidaskClub raised shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 10th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $32.00 price target on shares of Computer Programs & Systems in a research report on Thursday, February 8th. Zacks Investment Research raised shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, KeyCorp reiterated a “sell” rating and set a $23.00 price objective on shares of Computer Programs & Systems in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Computer Programs & Systems has a consensus rating of “Hold” and a consensus price target of $31.33.

Computer Programs & Systems (CPSI) traded up $0.45 during trading hours on Thursday, reaching $30.80. 73,800 shares of the company were exchanged, compared to its average volume of 71,176. Computer Programs & Systems has a 1-year low of $25.40 and a 1-year high of $36.15. The company has a market capitalization of $417.62, a price-to-earnings ratio of -24.25, a price-to-earnings-growth ratio of 1.73 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 (NASDAQ:CPSI) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. Computer Programs & Systems had a negative net margin of 6.29% and a positive return on equity of 12.06%. The business had revenue of $78.10 million for the quarter, compared to analyst estimates of $69.24 million. During the same period last year, the firm earned $0.35 earnings per share. Computer Programs & Systems’s revenue for the quarter was up 21.0% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of CPSI. Royal Bank of Canada grew its position in Computer Programs & Systems by 0.3% in the 2nd quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock valued at $1,046,000 after purchasing an additional 88 shares during the period. Schwab Charles Investment Management Inc. grew its position in Computer Programs & Systems by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock valued at $1,334,000 after purchasing an additional 209 shares during the period. Parametric Portfolio Associates LLC grew its position in Computer Programs & Systems by 3.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 46,025 shares of the company’s stock valued at $1,510,000 after purchasing an additional 1,680 shares during the period. BNP Paribas Arbitrage SA grew its position in Computer Programs & Systems by 57.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,001 shares of the company’s stock valued at $177,000 after purchasing an additional 2,183 shares during the period. Finally, California Public Employees Retirement System grew its position in Computer Programs & Systems by 5.2% in the 2nd quarter. California Public Employees Retirement System now owns 44,200 shares of the company’s stock valued at $1,450,000 after purchasing an additional 2,200 shares during the period. Institutional investors own 96.21% of the company’s stock.

In other news, EVP Victor S. Schneider sold 1,695 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $29.45, for a total value of $49,917.75. Following the sale, the executive vice president now directly owns 41,657 shares in the company, valued at approximately $1,226,798.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Christopher L. Fowler sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,868 shares of company stock worth $236,043. 3.70% of the stock is currently owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be paid a $0.10 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.30%. Computer Programs & Systems’s payout ratio is currently -31.50%.

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About Computer Programs & 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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