Computer Programs and Systems, Inc. (NASDAQ:CPSI) Expected to Announce Earnings of $0.66 Per Share

Wall Street brokerages expect Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) to announce earnings of $0.66 per share for the current quarter, according to Zacks. Three analysts have made estimates for Computer Programs and Systems’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.68. Computer Programs and Systems posted earnings of $0.64 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The business is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Computer Programs and Systems will report full-year earnings of $2.76 per share for the current financial year, with EPS estimates ranging from $2.56 to $3.08. For the next year, analysts expect that the business will post earnings of $3.09 per share, with EPS estimates ranging from $2.81 to $3.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last released its quarterly earnings data on Tuesday, February 15th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. Computer Programs and Systems had a net margin of 6.57% and a return on equity of 14.09%. The firm had revenue of $74.00 million for the quarter, compared to analyst estimates of $70.04 million. During the same quarter in the prior year, the business earned $0.22 earnings per share.

CPSI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Computer Programs and Systems from $31.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, March 4th. SVB Leerink raised their price target on shares of Computer Programs and Systems from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, March 3rd. Zacks Investment Research cut shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 21st. Finally, StockNews.com started coverage on shares of Computer Programs and Systems in a research report on Thursday. They set a “strong-buy” rating for the company. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $35.00.

In related news, insider David A. Dye sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $29.36, for a total transaction of $29,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James Patrick Murphy sold 1,021 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $34.59, for a total transaction of $35,316.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,459 shares of company stock worth $230,745. Insiders own 4.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPSI. Barclays PLC increased its holdings in shares of Computer Programs and Systems by 53.8% in the 4th quarter. Barclays PLC now owns 24,000 shares of the company’s stock worth $702,000 after acquiring an additional 8,393 shares during the period. BlackRock Inc. boosted its position in shares of Computer Programs and Systems by 2.9% during the 4th quarter. BlackRock Inc. now owns 2,378,930 shares of the company’s stock valued at $69,703,000 after purchasing an additional 66,026 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Computer Programs and Systems by 5.7% during the 4th quarter. Deutsche Bank AG now owns 8,776 shares of the company’s stock valued at $258,000 after purchasing an additional 471 shares in the last quarter. Connors Investor Services Inc. boosted its position in shares of Computer Programs and Systems by 4.9% during the 4th quarter. Connors Investor Services Inc. now owns 120,665 shares of the company’s stock valued at $3,535,000 after purchasing an additional 5,639 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Computer Programs and Systems by 111.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 17,839 shares of the company’s stock worth $523,000 after buying an additional 9,421 shares during the period. Hedge funds and other institutional investors own 91.93% of the company’s stock.

CPSI opened at $34.45 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.49 and a debt-to-equity ratio of 0.43. The company has a market cap of $503.73 million, a price-to-earnings ratio of 27.23, a PEG ratio of 1.00 and a beta of 0.65. Computer Programs and Systems has a 52-week low of $26.11 and a 52-week high of $37.62. The firm’s fifty day simple moving average is $30.97 and its two-hundred day simple moving average is $31.86.

Computer Programs and Systems Company Profile (Get Rating)

Computer Programs & Systems, Inc provides healthcare information technology solutions and services. It operates through the following segments: Acute Care EHR, Post-acute Care EHR, and TruBridge. The Acute EHR segment provides acute care electronic health record (EHR) solutions, Thrive and Centriq, and related services for community hospitals and their physician clinics.

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