Computer Programs & Systems, Inc. (CPSI) Plans Quarterly Dividend of $0.10

Computer Programs & Systems, Inc. (NASDAQ:CPSI) declared a quarterly dividend on Thursday, November 1st, NASDAQ reports. Stockholders of record on Thursday, November 15th will be given a dividend of 0.10 per share on Friday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, November 14th.

Computer Programs & Systems has decreased its dividend by an average of 28.0% per year over the last three years. Computer Programs & Systems has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Computer Programs & Systems to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 23.8%.

Shares of NASDAQ CPSI traded down $0.29 during trading hours on Friday, hitting $27.65. 11,833 shares of the company traded hands, compared to its average volume of 164,896. The company has a market cap of $395.25 million, a P/E ratio of 20.79, a P/E/G ratio of 1.77 and a beta of -0.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.77 and a current ratio of 1.80. Computer Programs & Systems has a 12 month low of $24.80 and a 12 month high of $34.65.

Computer Programs & Systems (NASDAQ:CPSI) last released its earnings results on Thursday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.31. The firm had revenue of $69.30 million for the quarter, compared to the consensus estimate of $70.87 million. Computer Programs & Systems had a positive return on equity of 16.74% and a negative net margin of 4.02%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. As a group, equities analysts predict that Computer Programs & Systems will post 1.54 EPS for the current year.

CPSI has been the subject of a number of recent analyst reports. Zacks Investment Research cut Computer Programs & Systems from a “buy” rating to a “sell” rating in a report on Tuesday, July 24th. BidaskClub cut Computer Programs & Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. ValuEngine cut Computer Programs & Systems from a “hold” rating to a “sell” rating in a report on Monday, July 30th. KeyCorp dropped their price objective on Computer Programs & Systems from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Friday, August 3rd. Finally, SunTrust Banks restated a “hold” rating and set a $30.00 price objective on shares of Computer Programs & Systems in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Computer Programs & Systems presently has an average rating of “Hold” and an average target price of $27.83.

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Computer Programs & 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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Dividend History for Computer Programs & Systems (NASDAQ:CPSI)

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