Computer Programs & Systems (NASDAQ:CPSI) Releases Earnings Results, Beats Expectations By $0.04 EPS

Computer Programs & Systems (NASDAQ:CPSI) announced its quarterly earnings data on Tuesday. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04, Briefing.com reports. The firm had revenue of $68.70 million during the quarter, compared to analysts’ expectations of $69.18 million. Computer Programs & Systems had a net margin of 6.09% and a return on equity of 11.00%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share.

Shares of NASDAQ:CPSI traded up $0.14 during midday trading on Friday, reaching $26.81. 449 shares of the company were exchanged, compared to its average volume of 89,060. The company has a current ratio of 1.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average is $22.81 and its two-hundred day moving average is $25.03. Computer Programs & Systems has a one year low of $20.72 and a one year high of $34.00. The stock has a market cap of $333.18 million, a PE ratio of 13.68, a price-to-earnings-growth ratio of 4.32 and a beta of 0.51.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%. Computer Programs & Systems’s dividend payout ratio is 20.62%.

In related news, SVP Troy D. Rosser sold 5,620 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $21.21, for a total transaction of $119,200.20. Following the completion of the transaction, the senior vice president now owns 41,509 shares in the company, valued at $880,405.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.30% of the stock is currently owned by corporate insiders.

CPSI has been the subject of a number of analyst reports. TheStreet cut shares of Computer Programs & Systems from a “b” rating to a “c+” rating in a research note on Tuesday, August 6th. Piper Jaffray Companies reissued a “neutral” rating and issued a $25.00 price objective (down from $36.00) on shares of Computer Programs & Systems in a research note on Wednesday. Dougherty & Co raised shares of Computer Programs & Systems from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, September 10th. BidaskClub lowered shares of Computer Programs & Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, SunTrust Banks dropped their target price on shares of Computer Programs & Systems from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.58.

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

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