$69.20 Million in Sales Expected for Computer Programs & Systems, Inc. (NASDAQ:CPSI) This Quarter

Analysts expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to report sales of $69.20 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Computer Programs & Systems’ earnings, with the highest sales estimate coming in at $71.28 million and the lowest estimate coming in at $66.30 million. Computer Programs & Systems posted sales of $67.91 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The company is expected to report its next earnings report after the market closes on Tuesday, August 6th.

On average, analysts expect that Computer Programs & Systems will report full year sales of $280.65 million for the current fiscal year, with estimates ranging from $275.00 million to $288.05 million. For the next year, analysts expect that the firm will report sales of $284.63 million, with estimates ranging from $273.90 million to $293.46 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The company had revenue of $69.14 million for the quarter, compared to analysts’ expectations of $70.81 million. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis.

Several analysts have issued reports on the stock. SunTrust Banks reduced their price target on shares of Computer Programs & Systems to $30.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Dougherty & Co restated a “buy” rating and issued a $33.00 target price (down from $38.00) on shares of Computer Programs & Systems in a research note on Friday, May 3rd. Zacks Investment Research upgraded shares of Computer Programs & Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Wells Fargo & Co upgraded shares of Computer Programs & Systems from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $34.00 to $28.05 in a research note on Tuesday, May 7th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $32.00 target price on shares of Computer Programs & Systems in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.34.

In other news, insider Victor S. Schneider sold 7,126 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $26.57, for a total value of $189,337.82. Following the completion of the transaction, the insider now directly owns 58,179 shares in the company, valued at $1,545,816.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher L. Fowler sold 1,500 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $29.99, for a total transaction of $44,985.00. Following the completion of the transaction, the chief operating officer now owns 68,044 shares of the company’s stock, valued at $2,040,639.56. The disclosure for this sale can be found here. Insiders sold 38,605 shares of company stock valued at $1,069,138 over the last 90 days. Insiders own 12.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. bought a new position in Computer Programs & Systems during the 1st quarter valued at $45,000. Investors Research Corp bought a new position in shares of Computer Programs & Systems in the 1st quarter worth about $56,000. Meeder Asset Management Inc. lifted its position in shares of Computer Programs & Systems by 370.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,959 shares of the company’s stock worth $58,000 after buying an additional 1,543 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Computer Programs & Systems by 216.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,561 shares of the company’s stock worth $76,000 after buying an additional 1,752 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Computer Programs & Systems in the 4th quarter worth about $86,000. Hedge funds and other institutional investors own 78.49% of the company’s stock.

Shares of NASDAQ CPSI traded down $0.87 on Monday, hitting $24.72. The company’s stock had a trading volume of 3,157 shares, compared to its average volume of 95,181. Computer Programs & Systems has a 12-month low of $23.81 and a 12-month high of $34.00. The stock has a market cap of $367.34 million, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.67 and a beta of 0.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.71 and a quick ratio of 1.67. The company has a 50 day simple moving average of $26.99.

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 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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