Wall Street brokerages expect Computer Programs & Systems, Inc. (NASDAQ:CPSI) to post $70.05 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Computer Programs & Systems’ earnings, with the highest sales estimate coming in at $73.00 million and the lowest estimate coming in at $67.50 million. Computer Programs & Systems reported sales of $70.88 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The company is scheduled to report its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Computer Programs & Systems will report full-year sales of $286.34 million for the current financial year, with estimates ranging from $280.30 million to $291.32 million. For the next fiscal year, analysts expect that the business will post sales of $292.62 million, with estimates ranging from $281.50 million to $304.77 million. Zacks’ sales averages are an average based on a survey of research firms that follow Computer Programs & Systems.

Computer Programs & Systems (NASDAQ:CPSI) last announced its quarterly earnings results on Friday, February 15th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.20. Computer Programs & Systems had a return on equity of 17.65% and a net margin of 6.29%. The company had revenue of $72.30 million during the quarter, compared to analyst estimates of $74.06 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis.

A number of equities research analysts have issued reports on CPSI shares. BidaskClub upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Zacks Investment Research downgraded Computer Programs & Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, ValuEngine upgraded Computer Programs & Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Computer Programs & Systems currently has a consensus rating of “Hold” and a consensus target price of $28.83.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Computer Programs & Systems by 3.8% in the fourth quarter. BlackRock Inc. now owns 1,842,471 shares of the company’s stock worth $46,244,000 after buying an additional 67,161 shares during the period. Stadium Capital Management LLC raised its holdings in shares of Computer Programs & Systems by 5.9% in the third quarter. Stadium Capital Management LLC now owns 681,966 shares of the company’s stock worth $18,311,000 after buying an additional 38,150 shares during the period. River Road Asset Management LLC raised its holdings in shares of Computer Programs & Systems by 27.4% in the fourth quarter. River Road Asset Management LLC now owns 674,162 shares of the company’s stock worth $16,921,000 after buying an additional 144,857 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in shares of Computer Programs & Systems in the fourth quarter worth approximately $26,000. Finally, Millennium Management LLC purchased a new stake in shares of Computer Programs & Systems in the fourth quarter worth approximately $9,872,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Shares of CPSI stock opened at $29.57 on Thursday. Computer Programs & Systems has a 1 year low of $23.81 and a 1 year high of $34.65. The company has a current ratio of 1.82, a quick ratio of 1.78 and a debt-to-equity ratio of 0.78. The company has a market cap of $416.52 million, a price-to-earnings ratio of 15.24 and a beta of 0.26.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.35%. Computer Programs & Systems’s dividend payout ratio (DPR) is presently 20.62%.

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 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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