Wall Street brokerages expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to report $0.49 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Computer Programs & Systems’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.37. Computer Programs & Systems posted earnings of $0.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 14%. The business is scheduled to issue its next earnings results on Thursday, November 1st.

On average, analysts expect that Computer Programs & Systems will report full year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.63 to $2.36. For the next financial year, analysts forecast that the business will post earnings of $2.28 per share, with EPS estimates ranging from $1.70 to $2.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.23). The business had revenue of $67.91 million for the quarter, compared to the consensus estimate of $72.33 million. Computer Programs & Systems had a positive return on equity of 13.62% and a negative net margin of 5.27%. Computer Programs & Systems’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share.

A number of brokerages recently issued reports on CPSI. KeyCorp cut their target price on Computer Programs & Systems from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Friday, August 3rd. Zacks Investment Research upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. BidaskClub upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Finally, Piper Jaffray Companies cut their target price on Computer Programs & Systems to $29.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $29.33.

Computer Programs & Systems stock opened at $26.40 on Wednesday. The company has a market cap of $374.69 million, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.69 and a beta of -0.10. Computer Programs & Systems has a 52-week low of $25.15 and a 52-week high of $34.65. The company has a current ratio of 1.69, a quick ratio of 1.65 and a debt-to-equity ratio of 0.92.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Thursday, August 16th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Wednesday, August 15th. Computer Programs & Systems’s payout ratio is currently 30.08%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its position in Computer Programs & Systems by 5.4% in the 2nd quarter. California Public Employees Retirement System now owns 37,855 shares of the company’s stock valued at $1,245,000 after buying an additional 1,955 shares during the last quarter. Rhumbline Advisers raised its position in Computer Programs & Systems by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 28,858 shares of the company’s stock valued at $949,000 after buying an additional 2,030 shares during the last quarter. Principal Financial Group Inc. raised its position in Computer Programs & Systems by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 85,430 shares of the company’s stock valued at $2,495,000 after buying an additional 2,054 shares during the last quarter. Barclays PLC raised its position in Computer Programs & Systems by 131.1% in the 1st quarter. Barclays PLC now owns 4,396 shares of the company’s stock valued at $128,000 after buying an additional 2,494 shares during the last quarter. Finally, Northern Trust Corp raised its position in Computer Programs & Systems by 1.6% in the 2nd quarter. Northern Trust Corp now owns 165,583 shares of the company’s stock valued at $5,447,000 after buying an additional 2,550 shares during the last quarter. 90.80% of the stock is owned by institutional investors and hedge funds.

About Computer Programs & Systems

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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