Share on StockTwits
 

Analysts at Citigroup Inc. initiated coverage on shares of Quality Systems (NASDAQ:QSII) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “sell” rating on the stock.

Shares of Quality Systems (NASDAQ:QSII) opened at 18.08 on Tuesday. Quality Systems has a 1-year low of $17.01 and a 1-year high of $24.15. The stock’s 50-day moving average is $19.13 and its 200-day moving average is $21.41. The company has a market cap of $1.089 billion and a price-to-earnings ratio of 180.20.

Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, March 12th.

A number of other analysts have also recently weighed in on QSII. Analysts at RBC Capital initiated coverage on shares of Quality Systems in a research note on Thursday, February 13th. They set a “sector perform” rating and a $19.00 price target on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Quality Systems currently has a consensus rating of “Hold” and a consensus price target of $20.79.

In other Quality Systems news, Director Russell Pflueger unloaded 15,250 shares of the company’s stock on the open market in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $17.92, for a total transaction of $273,280.00. Following the completion of the transaction, the director now directly owns 23,186 shares in the company, valued at approximately $415,493. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.