Oppenheimer Increases Quality Systems Price Target to $26.00 (QSII)
Equities researchers at Oppenheimer upped their target price on shares of Quality Systems (NASDAQ:QSII) to $26.00 in a research report issued on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 13.39% from the stock’s previous close.
Quality Systems (NASDAQ:QSII) traded up 2.55% during mid-day trading on Friday, hitting $22.93. The stock had a trading volume of 584,244 shares. Quality Systems has a 52-week low of $16.02 and a 52-week high of $23.58. The stock has a 50-day moving average of $21.23 and a 200-day moving average of $19.71. The company has a market cap of $1.366 billion and a P/E ratio of 33.08.
Quality Systems (NASDAQ:QSII) last released its earnings data on Thursday, July 25th. The company reported $0.22 EPS for the quarter, meeting the Thomson Reuters 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. On average, analysts predict that Quality Systems will post $0.94 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley raised their price target on shares of Quality Systems (NASDAQ:QSII) to $27.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.22.
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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