$69.22 Million in Sales Expected for Computer Programs & Systems, Inc. (CPSI) This Quarter

Equities research analysts forecast that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will announce $69.22 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Computer Programs & Systems’ earnings, with the lowest sales estimate coming in at $67.80 million and the highest estimate coming in at $70.80 million. Computer Programs & Systems posted sales of $64.55 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The firm is expected to report its next earnings results on Thursday, February 8th.

On average, analysts expect that Computer Programs & Systems will report full year sales of $69.22 million for the current fiscal year, with estimates ranging from $264.10 million to $269.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $284.05 million per share, with estimates ranging from $275.60 million to $292.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). Computer Programs & Systems had a return on equity of 10.01% and a net margin of 2.32%. The business had revenue of $67.11 million during the quarter, compared to analyst estimates of $68.68 million. During the same quarter last year, the firm earned $0.34 EPS. Computer Programs & Systems’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Robert W. Baird reissued a “hold” rating and issued a $30.00 target price on shares of Computer Programs & Systems in a report on Thursday, August 31st. BidaskClub raised shares of Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a report on Thursday. Cantor Fitzgerald reissued a “hold” rating and issued a $28.00 target price on shares of Computer Programs & Systems in a report on Tuesday, September 26th. Finally, SunTrust Banks reissued a “hold” rating and issued a $32.00 target price (down from $35.00) on shares of Computer Programs & Systems in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.50.

In related news, Director Glenn Tobin purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average cost of $29.38 per share, with a total value of $102,830.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Christopher L. Fowler sold 4,000 shares of Computer Programs & Systems 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. 3.70% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in shares of Computer Programs & Systems by 18.9% during the 2nd quarter. Wells Fargo & Company MN now owns 81,117 shares of the company’s stock valued at $2,660,000 after purchasing an additional 12,869 shares during the last quarter. Northern Trust Corp grew its holdings in Computer Programs & Systems by 9.1% during the 2nd quarter. Northern Trust Corp now owns 163,571 shares of the company’s stock worth $5,365,000 after acquiring an additional 13,662 shares during the last quarter. HarbourVest Partners LLC bought a new stake in Computer Programs & Systems during the 2nd quarter worth approximately $527,000. Kennedy Capital Management Inc. grew its holdings in Computer Programs & Systems by 35.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 227,393 shares of the company’s stock worth $7,458,000 after acquiring an additional 59,807 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Computer Programs & Systems by 0.3% during the 2nd quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock worth $1,046,000 after acquiring an additional 88 shares during the last quarter. 95.25% of the stock is currently owned by institutional investors.

Shares of Computer Programs & Systems (NASDAQ CPSI) opened at $29.75 on Thursday. Computer Programs & Systems has a 12 month low of $21.60 and a 12 month high of $36.15. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.87. The firm has a market cap of $407.87, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.18 and a beta of 0.13.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, November 15th. Computer Programs & Systems’s dividend payout ratio is currently 88.89%.

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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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Earnings History and Estimates for Computer Programs & Systems (NASDAQ:CPSI)

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