Quality Systems PT Raised to $27.00 (QSII)
B. Riley lifted their target price on shares of Quality Systems (NASDAQ:QSII) to $27.00 in a research note issued on Thursday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 20.75% from the company’s current price.
Quality Systems (NASDAQ:QSII) traded down 0.53% during mid-day trading on Thursday, hitting $22.36. 615,007 shares of the company’s stock traded hands. Quality Systems has a one year low of $16.02 and a one year high of $23.58. The stock has a 50-day moving average of $21.20 and a 200-day moving average of $19.69. The company has a market cap of $1.332 billion and a price-to-earnings ratio of 33.25.
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 previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, analysts predict that Quality Systems will post $0.94 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of Quality Systems (NASDAQ:QSII) in a research note to investors on Tuesday, September 10th. They set an “equal weight” rating on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.89.
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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