Quality Systems PT Raised to $28.00 at Robert W. Baird (QSII)
Equities research analysts at Robert W. Baird raised their target price on shares of Quality Systems (NASDAQ:QSII) from $26.00 to $28.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 18.04% from the company’s current price.
Shares of Quality Systems (NASDAQ:QSII) opened at 23.72 on Friday. 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 $21.63 and its 200-day moving average is $19.39. The company has a market cap of $1.413 billion and a P/E ratio of 35.53.
Quality Systems (NASDAQ:QSII) last released its earnings data on Thursday, October 24th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $113.71 million. During the same quarter last year, the company posted $0.26 earnings per share. Quality Systems’s revenue was down 4.3% compared to the same quarter last year. On average, analysts predict that Quality Systems will post $0.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.18 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, December 11th.
A number of other analysts have also recently weighed in on QSII. Analysts at Jefferies Group raised their price target on shares of Quality Systems from $20.00 to $23.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Quality Systems to $26.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Quality Systems to $27.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.78.
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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