Computer Programs and Systems, Inc. (CPSI) to Post Q2 2018 Earnings of $0.55 Per Share, SunTrust Banks Forecasts

Computer Programs and Systems, Inc. (NASDAQ:CPSI) – SunTrust Banks increased their Q2 2018 EPS estimates for shares of Computer Programs and Systems in a note issued to investors on Tuesday, May 15th. SunTrust Banks analyst S. Draper now expects that the company will earn $0.55 per share for the quarter, up from their prior estimate of $0.52. SunTrust Banks also issued estimates for Computer Programs and Systems’ Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $2.12 EPS.

Several other brokerages have also recently commented on CPSI. BidaskClub raised Computer Programs and Systems from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th. ValuEngine cut Computer Programs and Systems from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. Zacks Investment Research raised Computer Programs and Systems from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, February 13th. Dougherty & Co reissued a “buy” rating on shares of Computer Programs and Systems in a research report on Monday, February 12th. Finally, KeyCorp reissued a “sell” rating and set a $23.00 price objective on shares of Computer Programs and Systems in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.40.

CPSI opened at $31.40 on Friday. The firm has a market cap of $447.23 million, a PE ratio of 23.61, a P/E/G ratio of 1.59 and a beta of 0.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.61 and a quick ratio of 1.57. Computer Programs and Systems has a fifty-two week low of $31.50 and a fifty-two week high of $31.95.

Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.20. The business had revenue of $70.90 million during the quarter, compared to analyst estimates of $67.87 million. Computer Programs and Systems had a positive return on equity of 14.77% and a negative net margin of 4.83%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $0.40 annualized dividend and a yield of 1.27%. Computer Programs and Systems’s dividend payout ratio (DPR) is currently 30.08%.

In other news, CFO Matt J. Chambless sold 5,492 shares of Computer Programs and Systems stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $31.44, for a total value of $172,668.48. Following the transaction, the chief financial officer now directly owns 34,821 shares in the company, valued at $1,094,772.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Troy D. Rosser sold 8,088 shares of Computer Programs and Systems stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $30.34, for a total value of $245,389.92. Following the completion of the transaction, the senior vice president now owns 35,421 shares in the company, valued at $1,074,673.14. The disclosure for this sale can be found here. Insiders sold 33,433 shares of company stock worth $1,019,245 over the last quarter. 4.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Robecosam AG bought a new position in shares of Computer Programs and Systems in the fourth quarter worth about $128,000. Barclays PLC increased its stake in shares of Computer Programs and Systems by 131.1% in the first quarter. Barclays PLC now owns 4,396 shares of the company’s stock worth $128,000 after purchasing an additional 2,494 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Computer Programs and Systems in the fourth quarter worth about $176,000. Stevens Capital Management LP bought a new position in shares of Computer Programs and Systems in the first quarter worth about $229,000. Finally, UBS Group AG increased its stake in shares of Computer Programs and Systems by 57.4% in the first quarter. UBS Group AG now owns 9,070 shares of the company’s stock worth $265,000 after purchasing an additional 3,306 shares during the period. Institutional investors and hedge funds own 90.75% of the company’s stock.

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 helps 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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