Equities research analysts expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to announce sales of $70.05 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Computer Programs & Systems’ earnings, with the lowest sales estimate coming in at $67.50 million and the highest estimate coming in at $73.00 million. Computer Programs & Systems reported sales of $70.88 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The firm is scheduled to announce its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Computer Programs & Systems will report full year sales of $286.34 million for the current fiscal year, with estimates ranging from $280.30 million to $291.32 million. For the next financial year, analysts anticipate that the business will report sales of $292.62 million, with estimates ranging from $281.50 million to $304.77 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Friday, February 15th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.20. The firm had revenue of $72.30 million during the quarter, compared to the consensus estimate of $74.06 million. Computer Programs & Systems had a return on equity of 17.65% and a net margin of 6.29%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS.

A number of brokerages have recently issued reports on CPSI. TheStreet upgraded Computer Programs & Systems from a “c-” rating to a “b-” rating in a research report on Friday, February 15th. Cantor Fitzgerald reiterated a “hold” rating and set a $32.00 price target on shares of Computer Programs & Systems in a research report on Friday, February 15th. BidaskClub upgraded Computer Programs & Systems from a “hold” rating to a “buy” rating in a research report on Monday, February 18th. SunTrust Banks lifted their price target on Computer Programs & Systems to $35.00 and gave the company a “hold” rating in a research report on Thursday, February 21st. Finally, Zacks Investment Research downgraded Computer Programs & Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Computer Programs & Systems presently has an average rating of “Hold” and a consensus price target of $28.83.

Shares of CPSI opened at $29.57 on Thursday. The stock has a market cap of $416.52 million, a PE ratio of 15.24 and a beta of 0.26. The company has a quick ratio of 1.78, a current ratio of 1.82 and a debt-to-equity ratio of 0.78. Computer Programs & Systems has a 12-month low of $23.81 and a 12-month high of $34.65.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. Computer Programs & Systems’s dividend payout ratio is 20.62%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Computer Programs & Systems by 3.8% during the 4th quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock valued at $46,244,000 after buying an additional 67,161 shares in the last quarter. Stadium Capital Management LLC raised its holdings in shares of Computer Programs & Systems by 5.9% during the 3rd quarter. Stadium Capital Management LLC now owns 681,966 shares of the company’s stock valued at $18,311,000 after buying an additional 38,150 shares in the last quarter. River Road Asset Management LLC raised its holdings in shares of Computer Programs & Systems by 27.4% during the 4th quarter. River Road Asset Management LLC now owns 674,162 shares of the company’s stock valued at $16,921,000 after buying an additional 144,857 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of Computer Programs & Systems during the 4th quarter valued at about $26,000. Finally, Millennium Management LLC purchased a new position in shares of Computer Programs & Systems during the 4th quarter valued at about $9,872,000. 82.18% 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 helps 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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