Equities research analysts expect Computer Programs and Systems, Inc. (NASDAQ:CPSI) to report $0.46 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Computer Programs and Systems’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.50. Computer Programs and Systems posted earnings of $0.34 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 35.3%. The firm is scheduled to report its next earnings report on Thursday, November 2nd.

On average, analysts expect that Computer Programs and Systems will report full-year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.75. For the next year, analysts expect that the business will report earnings of $1.89 per share, with EPS estimates ranging from $1.76 to $2.04. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Computer Programs and Systems.

Computer Programs and Systems (NASDAQ:CPSI) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $67.70 million during the quarter, compared to the consensus estimate of $69.56 million. Computer Programs and Systems had a net margin of 2.08% and a return on equity of 9.59%. Computer Programs and Systems’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS.

Several equities analysts have commented on CPSI shares. Zacks Investment Research cut shares of Computer Programs and Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. KeyCorp reissued a “sell” rating and set a $21.00 target price on shares of Computer Programs and Systems in a research report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and set a $30.00 target price on shares of Computer Programs and Systems in a research report on Thursday, August 31st. ValuEngine raised shares of Computer Programs and Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, BidaskClub cut shares of Computer Programs and Systems from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $29.71.

In related news, insider David A. Dye sold 3,000 shares of Computer Programs and Systems stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.03, for a total value of $90,090.00. Following the sale, the insider now owns 58,568 shares of the company’s stock, valued at approximately $1,758,797.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Texas Permanent School Fund raised its holdings in shares of Computer Programs and Systems by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 7,807 shares of the company’s stock worth $256,000 after purchasing an additional 67 shares during the period. Royal Bank of Canada raised its holdings in shares of Computer Programs and Systems by 0.3% in the 2nd quarter. Royal Bank of Canada now owns 31,889 shares of the company’s stock worth $1,046,000 after purchasing an additional 88 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Computer Programs and Systems by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,645 shares of the company’s stock worth $1,334,000 after purchasing an additional 209 shares during the period. Prudential Financial Inc. raised its holdings in shares of Computer Programs and Systems by 0.5% in the 1st quarter. Prudential Financial Inc. now owns 38,697 shares of the company’s stock worth $1,084,000 after purchasing an additional 210 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Computer Programs and Systems by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 22,422 shares of the company’s stock worth $735,000 after purchasing an additional 521 shares during the period.

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Computer Programs and Systems (NASDAQ CPSI) traded up 1.34% during mid-day trading on Wednesday, reaching $30.35. The company’s stock had a trading volume of 130,484 shares. Computer Programs and Systems has a 52-week low of $18.25 and a 52-week high of $36.15. The company has a market cap of $407.57 million, a price-to-earnings ratio of 78.22 and a beta of 0.19. The firm has a 50 day moving average price of $29.03 and a 200 day moving average price of $30.36.

About Computer Programs and Systems

Computer Programs and Systems, Inc (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The Company’s segments include acute care EHR, post-acute care EHR, and TruBridge, Rycan, and other outsourcing. Its Acute Care EHR segment consists of acute care software solutions and supports sales generated by its subsidiaries, Evident, LLC (Evident) and Healthland Inc (Healthland).

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