FY2016 EPS Estimates for Computer Programs & Systems, Inc. (CPSI) Lowered by Analyst

Computer Programs & Systems logo Computer Programs & Systems, Inc. (NASDAQ:CPSI) – Investment analysts at William Blair reduced their FY2016 earnings estimates for shares of Computer Programs & Systems in a note issued to investors on Wednesday, according to Zacks Investment Research ^[1]. William Blair analyst R. Daniels now forecasts that the brokerage will earn $2.12 per share for the year, down from their prior forecast of $2.60. William Blair currently has a "Hold" rating on the sto ck. The consensus estimate for Computer Programs & Systems' FY2016 earnings is $2.29 per share.

Other equities research analysts have also issued reports about the company. Zacks Investment Research ^[2] lowered Computer Programs & Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 2nd. Topeka Capital Markets decreased their price target on Computer Programs & Systems from $52.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, October 30th. Deutsche Bank raised Computer Programs & Systems from a "sell" rating to a "hold" rating and upped their price objective for the stock from $34.00 to $47.00 in a report on Tuesday, December 1st. SunTrust raised Computer Programs & Systems from a "neutral" rating to a "buy" ratin g and upped their price objective for the stock from $45.00 to $68.00 in a report on Monday, December 14th. Finally, RBC Capital reduced their price objective on Computer Programs & Systems from $51.00 to $43.00 and set a "sector perform" rating on the stock in a report on Monday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company's stock. Computer Programs & Systems presently has an average rating of "Hold" and a consensus price target of $52.70.

Shares of Computer Programs & Systems (NASDAQ:CPSI ^[3]) traded down 1.85% on Monday, hitting $49.23. The stock had a trading volume of 88,618 shares. Computer Programs & Systems has a one year low of $36.04 and a one year high of $60.01. The company has a market capitalization of $556.40 million and a P/E ratio of 25.64. The firm has a 50 day moving average price of $49.00 and a 200 day moving average price of $46.65.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by $0.23. The firm earned $44.60 million during the quarter, compared to analyst estimates of $47.68 million. During the same quarter last year, the company earned $0.83 EPS. The company's quarterly revenue was down 16.3% compared to the same quarter last year.

A number of hedge funds have modified their holdings of the company. Nisa Investment Advisors acquired a new stake in shares of Computer Programs & Systems during the fourth quarter valued at approximately $724,000. Capstone Asset Management Company increased its stake in shares of Computer Programs & Systems by 1.3% in the fourth quarter. Capstone Asset Management Company now owns 72,090 shares of the company's stock valued at $3,586,000 after buying an additional 904 shares during the last quarter. Quantitative Systematic Strategies acquired a new stake in shares of Computer Programs & Systems during the fourth quarter valued at approximately $301,000. Finally, EQIS Capital Management increased its stake in shares of Computer Programs & Systems by 390.6% in the fourth quarter. EQIS Capital Management now owns 11,273 shares of the company's stock valued at $561,000 after buying an additional 8,975 shares during the last quarter.

In related news, VP Robert D. Hinckle sold 4,500 shares of the firm's stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $47.81, for a total transaction of $215,145.00. Following the sale, the vice president now owns 11,350 shares of the company's stock, valued at approximately $542,643.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link ^[4]. Also, COO Christopher L. Fowler sold 6,000 shares of the firm's stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $48.00, for a total value of $2 88,000.00. Following the sale, the chief operating officer now directly owns 17,680 shares in the company, valued at approximately $848,640. The disclosure for this sale can be found here ^[5].

Computer Programs and Systems, Inc. (NASDAQ:CPSI ^[6]) is a provider of healthcare information technology solutions for rural and community hospitals, with over 650 client hospitals in 46 states and the District of Columbia. The Company provides enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations throughout the United States. Additionally, CPSI provides other information technology solutions, including business management services, remote hosting, networking technologies and other related services . TruBridge, LLC is a wholly owned subsidiary of CPSI. TruBridge provides business management, consulting and managed information technology (IT) services specifically targeted at rural and community healthcare organizations.

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