Quality Systems Now Covered by Analysts at Stephens (QSII)
Equities research analysts at Stephens assumed coverage on shares of Quality Systems (NASDAQ:QSII) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “equal weight” rating on the stock.
Shares of Quality Systems (NASDAQ:QSII) opened at 21.39 on Tuesday. Quality Systems has a 1-year low of $16.02 and a 1-year high of $23.58. The stock’s 50-day moving average is $21.70 and its 200-day moving average is $19.3. The company has a market cap of $1.275 billion and a P/E ratio of 31.64.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $115.68 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts expect that Quality Systems will post $0.94 EPS for the current fiscal year.
QSII has been the subject of a number of other recent research reports. Analysts at KeyCorp initiated coverage on shares of Quality Systems (NASDAQ:QSII) in a research note to investors on Tuesday, August 13th. They set an “underweight” rating on the stock. Separately, analysts at Sterne Agee upgraded shares of Quality Systems (NASDAQ:QSII) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, July 29th. They now have a $28.00 price target on the stock, up previously from $24.00. Finally, analysts at Oppenheimer raised their price target on shares of Quality Systems (NASDAQ:QSII) from $20.00 to $23.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.13.
Quality Systems, Inc develops and markets healthcare information systems that automate certain aspects of medical and dental practices, networks of practices, such as physician hospital organizations (NASDAQ:QSII) and management service organizations (MSOs), ambulatory care centers, and dental schools.
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