"Computer Programs & Systems (NASDAQ: CPSI), a health care information solutions company, has been pushing up against a 52-week high during the past few days," notes Alex Kolb. 

In Zacks Elite Stock of the Day, he explains, "The company has stellar fundamentals that make this a great growth and income pick."

"The company provides healthcare information solutions for community hospitals with over 650 client hospitals in 46 states.

"The company was founded in 1979, and is a single-source vendor providing comprehensive software and hardware products as well as complete installation services and extensive support.

"CPSI's fully integrated, enterprise-wide system automates clinical and financial data management in each of the primary functional areas of a hospital.

"Its 700 technical, healthcare and medical professionals provide system implementation and continuing support services as part of a comprehensive program designed to respond to clients' information needs in a constantly changing healthcare environment.

"The company recently posted fourth-quarter results. For the year, total revenues jumped 8.8% to $119.7 million from the previous year's $110.0 million. Full-year net income increased 19.5% year-over-year to $15.4 million, or $1.43 per share, compared with $12.9 million, or $1.20 per share. 

"Some of the stellar fundamentals that make CPSI a great growth and income pick include the company's return on equity (ROE) of 40%, which soars past the industry average of 9%. It has a solid balance sheet with no debt. The company's net profit margin of 13% also tops the industry average of 5%. 

"The company recently posted fourth-quarter results. For the year, total revenues jumped 8.8% to $119.7 million from the previous year's $110.0 million. Full-year net income increased 19.5% year-over-year to $15.4 million, or $1.43 per share, compared with $12.9 million, or $1.20 per share.

"The shares have been soaring as analysts hike earnings estimates. Wall Street sees earnings growth of 12% in 2009 and 15% in 2010.  The company also declared a quarterly cash dividend of 36 cents per share, which was paid out on February 26. 

"CPSI is taking care of shareholders with a dividend yield of 4.8%, which is high above the industry average as most of the company's peers pay no dividend.

"Management noted that CPSI has been in business for almost three decades and has proven that it can continue fulfilling and exceeding the expectations of its customers shareholders, regardless of national economic cycles."