Computer Programs and Systems, Inc. (NASDAQ:CPSI) issued its quarterly earnings results on Thursday. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.05, Morningstar.com reports. 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 analysts’ expectations of $69.56 million. During the same period in the prior year, the company earned $0.48 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis.

Computer Programs and Systems (CPSI) traded up 5.12% during mid-day trading on Friday, hitting $31.85. The company had a trading volume of 169,418 shares. Computer Programs and Systems has a 52 week low of $18.25 and a 52 week high of $39.33. The firm’s 50 day moving average is $31.98 and its 200 day moving average is $28.97. The company has a market capitalization of $427.17 million, a price-to-earnings ratio of 73.56 and a beta of 0.23.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Computer Programs and Systems’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, August 15th. Computer Programs and Systems’s payout ratio is presently 200.00%.

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A number of research analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $24.00 price target on shares of Computer Programs and Systems in a research report on Monday, May 15th. Zacks Investment Research cut Computer Programs and Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Dougherty & Co upped their price target on Computer Programs and Systems from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Robert W. Baird reaffirmed a “neutral” rating and set a $30.00 price target (up previously from $27.00) on shares of Computer Programs and Systems in a research report on Friday, June 16th. Finally, ValuEngine raised Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Computer Programs and Systems presently has an average rating of “Hold” and a consensus price target of $28.70.

In related news, COO Christopher L. Fowler sold 1,663 shares of Computer Programs and Systems stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $35.00, for a total transaction of $58,205.00. Following the transaction, the chief operating officer now directly owns 32,982 shares in the company, valued at $1,154,370. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher L. Fowler sold 837 shares of Computer Programs and Systems stock in a transaction on Friday, June 9th. The shares were sold at an average price of $34.90, for a total value of $29,211.30. Following the transaction, the chief operating officer now owns 32,145 shares in the company, valued at $1,121,860.50. The disclosure for this sale can be found here. Insiders have sold 13,235 shares of company stock worth $440,985 over the last quarter. 3.70% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Computer Programs and Systems during the fourth quarter valued at $7,103,000. River Road Asset Management LLC increased its position in Computer Programs and Systems by 36.4% in the first quarter. River Road Asset Management LLC now owns 925,495 shares of the company’s stock valued at $25,914,000 after buying an additional 246,844 shares during the period. Kennedy Capital Management Inc. bought a new position in Computer Programs and Systems during the first quarter valued at $4,692,000. VNBTrust National Association increased its position in Computer Programs and Systems by 111.7% in the second quarter. VNBTrust National Association now owns 317,394 shares of the company’s stock valued at $10,411,000 after buying an additional 167,469 shares during the period. Finally, Vanguard Group Inc. increased its position in Computer Programs and Systems by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,145,617 shares of the company’s stock valued at $32,077,000 after buying an additional 75,815 shares during the period.

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).

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

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