Wall Street analysts forecast that Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) will post sales of $78.18 million for the current quarter, Zacks reports. Three analysts have made estimates for Computer Programs and Systems’ earnings, with the lowest sales estimate coming in at $71.53 million and the highest estimate coming in at $82.90 million. Computer Programs and Systems reported sales of $68.53 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.1%. The firm is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Computer Programs and Systems will report full-year sales of $315.31 million for the current year, with estimates ranging from $293.12 million to $326.80 million. For the next financial year, analysts forecast that the firm will report sales of $332.97 million, with estimates ranging from $307.80 million to $351.30 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Computer Programs and Systems.
Computer Programs and Systems (NASDAQ:CPSI – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. The firm had revenue of $77.87 million during the quarter, compared to analysts’ expectations of $74.98 million. Computer Programs and Systems had a net margin of 7.71% and a return on equity of 16.43%. During the same period in the prior year, the company earned $0.28 EPS.
CPSI has been the topic of several research reports. SVB Leerink boosted their price target on Computer Programs and Systems from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Computer Programs and Systems from $39.00 to $43.00 in a research report on Thursday, May 5th. Zacks Investment Research raised Computer Programs and Systems from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Tuesday, April 19th. Finally, StockNews.com raised shares of Computer Programs and Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 18th.
In other Computer Programs and Systems news, SVP James Patrick Murphy sold 1,021 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $34.59, for a total transaction of $35,316.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert D. Hinckle sold 5,975 shares of Computer Programs and Systems stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $32.19, for a total transaction of $192,335.25. Following the completion of the transaction, the vice president now owns 37,000 shares of the company’s stock, valued at approximately $1,191,030. The disclosure for this sale can be found here. Insiders have sold 13,434 shares of company stock worth $441,084 over the last ninety days. Company insiders own 4.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in CPSI. Point72 Hong Kong Ltd bought a new stake in Computer Programs and Systems during the 1st quarter worth about $25,000. Captrust Financial Advisors lifted its position in shares of Computer Programs and Systems by 95.8% during the first quarter. Captrust Financial Advisors now owns 1,173 shares of the company’s stock worth $40,000 after purchasing an additional 574 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Computer Programs and Systems during the third quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Computer Programs and Systems by 252.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,003 shares of the company’s stock valued at $88,000 after purchasing an additional 2,151 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Computer Programs and Systems by 775.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,473 shares of the company’s stock valued at $154,000 after purchasing an additional 3,962 shares in the last quarter. 87.05% of the stock is owned by hedge funds and other institutional investors.
Shares of CPSI opened at $31.89 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.72 and a current ratio of 1.73. The company has a 50-day simple moving average of $32.79 and a 200-day simple moving average of $30.97. Computer Programs and Systems has a 52 week low of $26.11 and a 52 week high of $37.62. The firm has a market capitalization of $470.82 million, a P/E ratio of 20.84, a P/E/G ratio of 0.85 and a beta of 0.68.
Computer Programs and Systems Company Profile (Get Rating)
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 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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