SVB Leerink Comments on Computer Programs and Systems, Inc.'s FY2022 Earnings (NASDAQ:CPSI) – MarketBeat
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Computer Programs and Systems, Inc. (NASDAQ:CPSI – Get Rating) – SVB Leerink dropped their FY2022 earnings per share estimates for shares of Computer Programs and Systems in a note issued to investors on Friday, November 18th. SVB Leerink analyst J. Zhang now forecasts that the company will earn $2.24 per share for the year, down from their previous estimate of $2.25. The consensus estimate for Computer Programs and Systems’ current full-year earnings is $2.18 per share. SVB Leerink also issued estimates for Computer Programs and Systems’ Q4 2022 earnings at $0.56 EPS and Q4 2023 earnings at $0.74 EPS.
CPSI has been the topic of a number of other research reports. StockNews.com assumed coverage on Computer Programs and Systems in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. TheStreet upgraded Computer Programs and Systems from a “c+” rating to a “b” rating in a research note on Monday, October 24th.
Computer Programs and Systems Stock Performance
Shares of Computer Programs and Systems stock opened at $29.02 on Monday. The stock’s fifty day moving average is $28.82 and its two-hundred day moving average is $30.67. The company has a market capitalization of $421.20 million, a PE ratio of 22.67, a price-to-earnings-growth ratio of 0.89 and a beta of 0.73. The company has a quick ratio of 1.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.59. Computer Programs and Systems has a 52 week low of $25.33 and a 52 week high of $35.50.
Insider Buying and Selling at Computer Programs and Systems
In other news, CEO Christopher L. Fowler sold 1,000 shares of Computer Programs and Systems stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the chief executive officer now directly owns 65,038 shares of the company’s stock, valued at $1,951,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 3,700 shares of company stock valued at $110,141. Company insiders own 4.20% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CPSI. BlackRock Inc. raised its stake in Computer Programs and Systems by 1.4% during the 1st quarter. BlackRock Inc. now owns 2,411,642 shares of the company’s stock valued at $83,079,000 after acquiring an additional 32,712 shares during the last quarter. River Road Asset Management LLC raised its position in shares of Computer Programs and Systems by 10.9% in the 1st quarter. River Road Asset Management LLC now owns 1,321,314 shares of the company’s stock worth $45,519,000 after buying an additional 129,444 shares during the period. Vanguard Group Inc. raised its position in Computer Programs and Systems by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,053,848 shares of the company’s stock valued at $29,381,000 after purchasing an additional 17,766 shares during the period. Dimensional Fund Advisors LP raised its position in Computer Programs and Systems by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 631,919 shares of the company’s stock valued at $17,618,000 after purchasing an additional 24,230 shares during the period. Finally, State Street Corp grew its stake in shares of Computer Programs and Systems by 3.7% during the third quarter. State Street Corp now owns 627,784 shares of the company’s stock valued at $17,503,000 after acquiring an additional 22,333 shares in the last quarter. 90.16% of the stock is owned by institutional investors and hedge funds.
About Computer Programs and Systems
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Computer Programs and Systems (CPSI)
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