Brokerages expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will post $70.05 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Computer Programs & Systems’ earnings. The highest sales estimate is $73.00 million and the lowest is $67.50 million. Computer Programs & Systems posted sales of $70.88 million in the same quarter last year, which suggests a negative year over year growth rate of 1.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Computer Programs & Systems will report full year sales of $286.34 million for the current year, with estimates ranging from $280.30 million to $291.32 million. For the next financial year, analysts forecast that the firm will report sales of $292.62 million, with estimates ranging from $281.50 million to $304.77 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Friday, February 15th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.20. Computer Programs & Systems had a net margin of 6.29% and a return on equity of 17.65%. The company had revenue of $72.30 million for the quarter, compared to analysts’ expectations of $74.06 million. During the same period last year, the firm posted $0.63 earnings per share. The business’s quarterly revenue was down 7.4% compared to the same quarter last year.

A number of research analysts recently weighed in on the stock. TheStreet raised shares of Computer Programs & Systems from a “c-” rating to a “b-” rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of Computer Programs & Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, BidaskClub upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.83.

Shares of CPSI traded up $0.20 during trading hours on Thursday, reaching $30.15. 122,900 shares of the stock traded hands, compared to its average volume of 138,571. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.82 and a quick ratio of 1.78. Computer Programs & Systems has a 52 week low of $23.81 and a 52 week high of $34.65. The firm has a market capitalization of $430.63 million, a P/E ratio of 15.54, a PEG ratio of 1.80 and a beta of 0.26.

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, February 28th. Computer Programs & Systems’s dividend payout ratio is currently 20.62%.

In related news, insider David A. Dye sold 1,502 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $29.53, for a total value of $44,354.06. Following the completion of the sale, the insider now directly owns 83,203 shares of the company’s stock, valued at approximately $2,456,984.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.80% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Ledyard National Bank purchased a new stake in Computer Programs & Systems in the 4th quarter valued at $25,000. Oregon Public Employees Retirement Fund bought a new position in shares of Computer Programs & Systems during the fourth quarter valued at approximately $26,000. Financial Gravity Companies Inc. bought a new position in Computer Programs & Systems in the 4th quarter worth approximately $43,000. Quantamental Technologies LLC bought a new position in Computer Programs & Systems in the 4th quarter worth approximately $49,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in Computer Programs & Systems in the 4th quarter worth approximately $86,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Computer Programs & Systems Company Profile

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as helps to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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