Computer Programs and Systems, Inc. Forecasted to Earn Q3 2017 Earnings of $0.38 Per Share (CPSI)

Computer Programs and Systems, Inc. (NASDAQ:CPSI) – Investment analysts at SunTrust Banks decreased their Q3 2017 earnings per share (EPS) estimates for Computer Programs and Systems in a research note issued to investors on Thursday. SunTrust Banks analyst S. Draper now forecasts that the company will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.40. SunTrust Banks currently has a “Hold” rating and a $32.00 price objective on the stock. SunTrust Banks also issued estimates for Computer Programs and Systems’ Q4 2017 earnings at $0.27 EPS and FY2018 earnings at $1.53 EPS.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.05). Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. The firm had revenue of $67.70 million for the quarter, compared to analyst estimates of $69.56 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year.

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CPSI has been the subject of several other reports. BidaskClub cut Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Robert W. Baird restated a “neutral” rating and set a $30.00 target price (up from $27.00) on shares of Computer Programs and Systems in a report on Friday, June 16th. Zacks Investment Research upgraded Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Wednesday, July 5th. Finally, ValuEngine upgraded Computer Programs and Systems from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.88.

Shares of Computer Programs and Systems (NASDAQ CPSI) opened at 28.05 on Monday. The stock’s 50 day moving average price is $29.56 and its 200-day moving average price is $30.10. The firm has a market capitalization of $376.68 million, a price-to-earnings ratio of 72.29 and a beta of 0.23. Computer Programs and Systems has a 52 week low of $18.25 and a 52 week high of $36.15.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.20 annualized dividend and a yield of 4.28%. This is a boost from Computer Programs and Systems’s previous quarterly dividend of $0.20. Computer Programs and Systems’s dividend payout ratio (DPR) is 300.00%.

In other news, insider Victor S. Schneider sold 5,700 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $33.18, for a total value of $189,126.00. Following the completion of the transaction, the insider now owns 43,352 shares of the company’s stock, valued at approximately $1,438,419.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Dye sold 3,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $29.01, for a total value of $87,030.00. Following the completion of the transaction, the insider now directly owns 61,568 shares of the company’s stock, valued at approximately $1,786,087.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,735 shares of company stock valued at $530,689. Company insiders own 3.70% of the company’s stock.

Several large investors have recently made changes to their positions in CPSI. Teachers Advisors LLC raised its position in shares of Computer Programs and Systems by 49.4% in the 4th quarter. Teachers Advisors LLC now owns 39,742 shares of the company’s stock worth $938,000 after acquiring an additional 13,135 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Computer Programs and Systems by 107.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,480 shares of the company’s stock worth $461,000 after acquiring an additional 8,530 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Computer Programs and Systems by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 68,248 shares of the company’s stock worth $1,911,000 after acquiring an additional 1,305 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Computer Programs and Systems by 13.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,345 shares of the company’s stock worth $430,000 after acquiring an additional 1,799 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Computer Programs and Systems by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 231,501 shares of the company’s stock worth $6,481,000 after acquiring an additional 12,313 shares in the last quarter.

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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