Computer Programs & Systems, Inc. (CPSI) Expected to Post Quarterly Sales of $68.70 Million

Equities research analysts expect that Computer Programs & Systems, Inc. (NASDAQ:CPSI) will announce sales of $68.70 million for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Computer Programs & Systems’ earnings, with the lowest sales estimate coming in at $66.74 million and the highest estimate coming in at $72.10 million. Computer Programs & Systems posted sales of $64.08 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is expected to announce its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Computer Programs & Systems will report full year sales of $68.70 million for the current financial year, with estimates ranging from $275.60 million to $292.40 million. For the next year, analysts anticipate that the business will post sales of $303.35 million per share, with estimates ranging from $289.10 million to $309.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, February 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $78.10 million for the quarter, compared to the consensus estimate of $69.24 million. Computer Programs & Systems had a positive return on equity of 12.06% and a negative net margin of 6.29%. Computer Programs & Systems’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share.

A number of brokerages have weighed in on CPSI. Zacks Investment Research raised Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. BidaskClub raised Computer Programs & Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday. Cantor Fitzgerald reissued a “hold” rating and set a $32.00 price target on shares of Computer Programs & Systems in a research report on Thursday. KeyCorp reissued a “sell” rating and set a $23.00 price target on shares of Computer Programs & Systems in a research report on Wednesday, January 31st. Finally, Citigroup began coverage on Computer Programs & Systems in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.50.

In other news, EVP Victor S. Schneider sold 1,695 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $29.45, for a total value of $49,917.75. Following the transaction, the executive vice president now owns 41,657 shares of the company’s stock, valued at $1,226,798.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn Tobin bought 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average cost of $29.38 per share, for a total transaction of $102,830.00. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Computer Programs & Systems by 0.3% in the second 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 last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Computer Programs & Systems by 0.5% in the second 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 last quarter. Parametric Portfolio Associates LLC grew its position in shares of Computer Programs & Systems by 3.8% in the second 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 last quarter. BNP Paribas Arbitrage SA grew its position in shares of Computer Programs & Systems by 57.2% in the third 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 last quarter. Finally, California Public Employees Retirement System grew its position in shares of Computer Programs & Systems by 5.2% in the second 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 last quarter. 96.21% of the stock is currently owned by institutional investors.

Shares of Computer Programs & Systems (NASDAQ CPSI) traded down $0.45 during midday trading on Friday, reaching $30.05. The company’s stock had a trading volume of 164,929 shares, compared to its average volume of 73,694. The firm has a market capitalization of $414.06, a P/E ratio of -23.70, a PEG ratio of 1.89 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 has a 1 year low of $25.40 and a 1 year high of $36.15.

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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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