Quality Systems Rating Reiterated by Jefferies Group (QSII)
Quality Systems (NASDAQ:QSII)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research note issued on Friday. They currently have a $17.50 target price on the stock, down from their previous target price of $20.00. Jefferies Group’s target price would indicate a potential upside of 6.38% from the company’s current price.
Quality Systems (NASDAQ:QSII) opened at 16.45 on Friday. Quality Systems has a 52-week low of $14.10 and a 52-week high of $24.15. The stock’s 50-day moving average is $15.49 and its 200-day moving average is $18.39. The company has a market cap of $990.5 million and a P/E ratio of 169.70.
Quality Systems (NASDAQ:QSII) last released its earnings data on Thursday, May 29th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.04. The company had revenue of $115.20 million for the quarter, compared to the consensus estimate of $112.22 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that Quality Systems will post $0.72 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on QSII. Analysts at RBC Capital upgraded shares of Quality Systems from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 21st. They now have a $19.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Morgan Stanley downgraded shares of Quality Systems from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 23rd. They now have a $15.00 price target on the stock, down previously from $17.00. Finally, analysts at Raymond James reiterated a “market perform” rating on shares of Quality Systems in a research note on Tuesday, April 15th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.88.
Quality Systems, Inc operates as four business divisions which: the QSI Dental Division, the NextGen Division, the Hospital Solutions Division and the RCM Services Division.
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