August 15, 2022

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Analysts Expect Computer Programs and Systems, Inc. (NASDAQ:CPSI) Will Post Earnings of $0.68 Per Share


Brokerages expect Computer Programs and Systems, Inc. (NASDAQ:CPSI) to announce earnings per share (EPS) of $0.68 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Computer Programs and Systems’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.79. Computer Programs and Systems posted earnings of $0.78 per share in the same quarter last year, which suggests a negative year over year growth rate of 12.8%. The business is expected to issue its next quarterly earnings report on Tuesday, February 9th.

According to Zacks, analysts expect that Computer Programs and Systems will report full-year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.25 to $2.40. For the next fiscal year, analysts forecast that the firm will post earnings of $2.76 per share, with EPS estimates ranging from $2.41 to $3.06. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.17. The firm had revenue of $68.33 million during the quarter, compared to analysts’ expectations of $64.28 million. Computer Programs and Systems had a return on equity of 11.75% and a net margin of 8.33%.

Several brokerages have commented on CPSI. Zacks Investment Research cut shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, November 10th. BidaskClub downgraded Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 5th. SVB Leerink restated an “outperform” rating and set a $37.00 target price on shares of Computer Programs and Systems in a report on Friday. TheStreet raised Computer Programs and Systems from a “c+” rating to a “b-” rating in a research note on Tuesday, November 24th. Finally, ValuEngine upgraded shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Computer Programs and Systems presently has an average rating of “Hold” and an average target price of $29.22.

In related news, EVP Victor S. Schneider sold 7,000 shares of Computer Programs and Systems stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $29.58, for a total value of $207,060.00. Following the sale, the executive vice president now owns 45,501 shares of the company’s stock, valued at approximately $1,345,919.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James B. Britain sold 1,501 shares of the business’s stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $29.00, for a total value of $43,529.00. Following the completion of the sale, the vice president now owns 8,609 shares in the company, valued at approximately $249,661. The disclosure for this sale can be found here. Insiders have sold a total of 35,112 shares of company stock worth $1,037,706 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in CPSI. LSV Asset Management boosted its holdings in 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 acquiring an additional 91,326 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Computer Programs and Systems by 241.5% in the 3rd 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 during the last quarter. Matarin Capital Management LLC bought a new stake in shares of Computer Programs and Systems in the 3rd quarter worth about $1,398,000. First Trust Advisors LP bought a new stake in shares of Computer Programs and Systems in the 3rd quarter worth about $881,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Computer Programs and Systems by 21.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 135,540 shares of the company’s stock worth $3,742,000 after buying an additional 23,582 shares during the last quarter. 77.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of CPSI traded down $0.53 on Monday, reaching $28.71. 45,688 shares of the company’s stock were exchanged, compared to its average volume of 71,731. Computer Programs and Systems has a 12 month low of $16.93 and a 12 month high of $35.78. The stock has a market capitalization of $416.64 million, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.30 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. The business has a 50 day moving average price of $27.90 and a two-hundred day moving average price of $27.01.

Computer Programs and 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 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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