October 3, 2022

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Technology Forever

Computer Programs and Systems, Inc. (NASDAQ:CPSI) Expected to Announce Earnings of $0.68 Per Share


Equities analysts forecast that Computer Programs and Systems, Inc. (NASDAQ:CPSI) will report earnings per share of $0.68 for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Computer Programs and Systems’ earnings. The highest EPS estimate is $0.79 and the lowest is $0.59. Computer Programs and Systems reported earnings per share of $0.78 during the same quarter last year, which would suggest a negative year over year growth rate of 12.8%. The company is expected to issue its next quarterly earnings report after the market closes 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 fiscal year, with EPS estimates ranging from $2.25 to $2.40. For the next year, analysts expect that the firm will report earnings of $2.75 per share, with EPS estimates ranging from $2.41 to $3.06. Zacks’ EPS 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) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.17. The company 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%.

A number of brokerages have commented on CPSI. SVB Leerink reaffirmed an “outperform” rating and set a $37.00 target price on shares of Computer Programs and Systems in a report on Friday, January 8th. Zacks Investment Research lowered Computer Programs and Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, January 20th. Finally, TheStreet raised Computer Programs and Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, November 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.22.

Shares of NASDAQ:CPSI opened at $30.78 on Wednesday. The firm’s 50 day moving average price is $28.40 and its 200-day moving average price is $27.83. Computer Programs and Systems has a twelve month low of $16.93 and a twelve month high of $35.78. The company has a quick ratio of 1.89, a current ratio of 1.92 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $446.68 million, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.55 and a beta of 0.67.

In other Computer Programs and Systems news, insider David A. Dye sold 1,000 shares of the business’s stock in a transaction on Monday, January 4th. The shares were sold at an average price of $26.77, for a total value of $26,770.00. Following the sale, the insider now owns 72,237 shares in the company, valued at approximately $1,933,784.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matt J. Chambless sold 11,308 shares of the stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $29.50, for a total transaction of $333,586.00. In the last 90 days, insiders have sold 36,112 shares of company stock valued at $1,064,476. 12.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Computer Programs and Systems by 51.4% during the 4th quarter. Pacer Advisors Inc. now owns 4,639 shares of the company’s stock valued at $125,000 after acquiring an additional 1,574 shares during the last quarter. Matarin Capital Management LLC bought a new position in Computer Programs and Systems during the third quarter valued at $1,398,000. Sei Investments Co. grew its stake in shares of Computer Programs and Systems by 29.4% in the 3rd quarter. Sei Investments Co. now owns 20,788 shares of the company’s stock worth $555,000 after buying an additional 4,720 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Computer Programs and Systems by 106.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 30,558 shares of the company’s stock worth $164,000 after buying an additional 15,765 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Computer Programs and Systems by 1.4% during the 3rd quarter. AXA S.A. now owns 80,900 shares of the company’s stock valued at $2,234,000 after buying an additional 1,100 shares in the last quarter. 74.11% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Cash Asset Ratio

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