Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Research analysts at KeyCorp issued their Q1 2020 earnings per share (EPS) estimates for Computer Programs & Systems in a research report issued to clients and investors on Wednesday, February 12th. KeyCorp analyst D. Hooker anticipates that the company will earn $0.31 per share for the quarter. KeyCorp currently has a “Underweight” rating and a $26.00 price objective on the stock. KeyCorp also issued estimates for Computer Programs & Systems’ Q4 2020 earnings at $0.41 EPS.
Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.44. Computer Programs & Systems had a return on equity of 10.86% and a net margin of 6.09%. The company had revenue of $70.64 million during the quarter, compared to analyst estimates of $69.99 million.
Several other brokerages have also commented on CPSI. Piper Jaffray Companies reissued a “neutral” rating and set a $25.00 price objective (down previously from $36.00) on shares of Computer Programs & Systems in a report on Wednesday, November 6th. TheStreet raised Computer Programs & Systems from a “c+” rating to a “b” rating in a report on Tuesday. Cantor Fitzgerald boosted their price objective on Computer Programs & Systems from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday. SunTrust Banks boosted their price objective on Computer Programs & Systems to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Finally, Zacks Investment Research raised Computer Programs & Systems from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.89.
Shares of NASDAQ CPSI opened at $30.27 on Friday. Computer Programs & Systems has a 12 month low of $20.72 and a 12 month high of $35.78. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $376.98 million, a price-to-earnings ratio of 25.23, a PEG ratio of 4.06 and a beta of 0.49. The business has a 50-day moving average of $26.90 and a 200-day moving average of $24.78.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 21st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, February 20th. Computer Programs & Systems’s dividend payout ratio is currently 20.62%.
In other Computer Programs & Systems news, CEO John B. Douglas, Jr. sold 2,605 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $27.52, for a total value of $71,689.60. Following the completion of the sale, the chief executive officer now owns 235,358 shares of the company’s stock, valued at $6,477,052.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CPSI. River Road Asset Management LLC boosted its stake in Computer Programs & Systems by 24.9% in the fourth quarter. River Road Asset Management LLC now owns 1,052,182 shares of the company’s stock worth $27,778,000 after buying an additional 209,928 shares in the last quarter. Foundry Partners LLC purchased a new stake in Computer Programs & Systems in the fourth quarter worth approximately $3,494,000. Bank of America Corp DE boosted its stake in Computer Programs & Systems by 1,005.9% in the fourth quarter. Bank of America Corp DE now owns 129,543 shares of the company’s stock worth $3,420,000 after buying an additional 117,829 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Computer Programs & Systems by 39.9% during the fourth quarter. Acadian Asset Management LLC now owns 336,672 shares of the company’s stock valued at $8,886,000 after purchasing an additional 96,077 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Computer Programs & Systems during the second quarter valued at approximately $2,436,000. 78.40% of the stock is owned by institutional investors and hedge funds.
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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