Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Equities researchers at William Blair issued their Q2 2020 earnings estimates for Computer Programs & Systems in a research report issued on Wednesday, February 12th. William Blair analyst J. Garro expects that the company will earn $0.33 per share for the quarter. William Blair also issued estimates for Computer Programs & Systems’ Q4 2020 earnings at $0.43 EPS.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.44. Computer Programs & Systems had a net margin of 6.09% and a return on equity of 10.86%. The firm had revenue of $70.64 million for the quarter, compared to the consensus estimate of $69.99 million.

Other research analysts also recently issued reports about the stock. KeyCorp raised their price target on shares of Computer Programs & Systems from $21.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday. Piper Sandler raised their price target on shares of Computer Programs & Systems from to in a research report on Wednesday. SunTrust Banks raised their price target on shares of Computer Programs & Systems to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Piper Jaffray Companies restated a “neutral” rating and issued a $25.00 price target (down from $36.00) on shares of Computer Programs & Systems in a research report on Wednesday, November 6th. Finally, ValuEngine downgraded shares of Computer Programs & Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Computer Programs & Systems has a consensus rating of “Hold” and an average target price of $27.89.

NASDAQ CPSI opened at $31.56 on Friday. Computer Programs & Systems has a 12 month low of $20.72 and a 12 month high of $35.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.53 and a quick ratio of 1.49. The company has a market capitalization of $376.98 million, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 4.06 and a beta of 0.49. The company’s fifty day moving average price is $26.84 and its two-hundred day moving average price is $24.76.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.27%. Computer Programs & Systems’s payout ratio is currently 20.62%.

In other news, CEO John B. Douglas, Jr. sold 2,605 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $27.52, for a total value of $71,689.60. Following the transaction, the chief executive officer now directly owns 235,358 shares in the company, valued at approximately $6,477,052.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 12.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Computer Programs & Systems by 1.8% during the second quarter. Vanguard Group Inc. now owns 1,143,490 shares of the company’s stock worth $31,778,000 after purchasing an additional 20,279 shares during the period. River Road Asset Management LLC lifted its stake in Computer Programs & Systems by 24.9% in the fourth quarter. River Road Asset Management LLC now owns 1,052,182 shares of the company’s stock valued at $27,778,000 after acquiring an additional 209,928 shares during the last quarter. State Street Corp lifted its stake in Computer Programs & Systems by 4.0% in the fourth quarter. State Street Corp now owns 362,381 shares of the company’s stock valued at $9,567,000 after acquiring an additional 13,905 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Computer Programs & Systems by 39.9% in the fourth quarter. Acadian Asset Management LLC now owns 336,672 shares of the company’s stock valued at $8,886,000 after acquiring an additional 96,077 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Computer Programs & Systems by 48.7% in the fourth quarter. Bank of Montreal Can now owns 153,217 shares of the company’s stock valued at $4,046,000 after acquiring an additional 50,192 shares during the last quarter. 78.40% of the stock is currently owned by 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 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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