Brokerages Expect Computer Programs and Systems, Inc. (NASDAQ:CPSI) to Post $0.56 EPS


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Wall Street brokerages forecast that Computer Programs and Systems, Inc. (NASDAQ:CPSI) will announce earnings per share (EPS) of $0.56 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Computer Programs and Systems’ earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.65. Computer Programs and Systems reported earnings of $0.61 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 4th.

On average, analysts expect that Computer Programs and Systems will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.34 to $2.71. For the next fiscal year, analysts anticipate that the business will post earnings of $2.82 per share, with EPS estimates ranging from $2.62 to $3.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last posted its quarterly earnings data on Monday, February 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.15). Computer Programs and Systems had a net margin of 8.33% and a return on equity of 11.75%.

A number of brokerages have recently issued reports on CPSI. Zacks Investment Research cut shares of Computer Programs and Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, January 20th. Piper Sandler lifted their target price on shares of Computer Programs and Systems from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, February 16th. TheStreet raised shares of Computer Programs and Systems from a “c+” rating to a “b-” rating in a report on Tuesday, November 24th. Finally, SVB Leerink reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Computer Programs and Systems in a research report on Friday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.56.

CPSI stock opened at $30.09 on Thursday. The firm’s 50-day moving average price is $30.24 and its two-hundred day moving average price is $28.53. Computer Programs and Systems has a 12-month low of $16.93 and a 12-month high of $36.37. The stock has a market capitalization of $436.67 million, a price-to-earnings ratio of 19.54, a PEG ratio of 1.55 and a beta of 0.67. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.44.

In other Computer Programs and Systems news, CEO John B. Douglas, Jr. sold 1,000 shares of Computer Programs and Systems stock in a transaction dated Monday, February 1st. The stock was sold at an average price of $31.20, for a total transaction of $31,200.00. Following the transaction, the chief executive officer now directly owns 231,307 shares in the company, valued at $7,216,778.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 2,200 shares of company stock worth $63,370 over the last 90 days. 12.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LSV Asset Management boosted its stake in shares of Computer Programs and Systems by 37.1% in the third quarter. LSV Asset Management now owns 337,724 shares of the company’s stock valued at $9,324,000 after buying an additional 91,326 shares during the period. Crawford Investment Counsel Inc. raised its position in Computer Programs and Systems by 3.3% during the third quarter. Crawford Investment Counsel Inc. now owns 161,501 shares of the company’s stock valued at $4,459,000 after purchasing an additional 5,114 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Computer Programs and Systems by 250.1% during the third quarter. BNP Paribas Arbitrage SA now owns 3,462 shares of the company’s stock valued at $96,000 after purchasing an additional 2,473 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Computer Programs and Systems by 241.5% during the third quarter. Wells Fargo & Company MN now owns 119,017 shares of the company’s stock worth $3,286,000 after buying an additional 84,161 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in Computer Programs and Systems in the third quarter valued at $881,000. 74.11% of the stock is currently owned by hedge funds and other institutional investors.

About Computer Programs and 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 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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