Quality Systems Coverage Initiated by Analysts at RBC Capital (QSII)
Stock analysts at RBC Capital started coverage on shares of Quality Systems (NASDAQ:QSII) in a report issued on Thursday, ARN reports. The firm set a “sector perform” rating on the stock.
In other Quality Systems news, Director Russell Pflueger unloaded 15,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $17.92, for a total transaction of $273,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp cut their price target on shares of Quality Systems from $19.00 to $16.00 in a research note on Wednesday, February 5th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Quality Systems in a research note on Monday, January 27th. They now have a $19.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of Quality Systems from $26.00 to $24.00 in a research note on Friday, January 24th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.95.
Shares of Quality Systems (NASDAQ:QSII) traded up 1.45% during mid-day trading on Thursday, hitting $18.20. 436,049 shares of the company’s stock traded hands. Quality Systems has a 52 week low of $17.01 and a 52 week high of $24.15. The stock’s 50-day moving average is $19.26 and its 200-day moving average is $21.46. The company has a market cap of $1.096 billion and a price-to-earnings ratio of 177.62.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.10. The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $113.97 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 4.9% on a year-over-year basis. Analysts expect that Quality Systems will post $0.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, March 12th.
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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