Quality Systems Stock Rating Reaffirmed by Zacks (QSII)
Quality Systems (NASDAQ:QSII)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Tuesday. They currently have a $17.00 target price on the stock. Zacks‘s price target indicates a potential upside of 4.94% from the company’s current price.
Zacks’ analyst wrote, “Quality Systems continue to report a fall in earnings and revenues. In the recently completed fiscal year, the company’s earnings plunged 40.0% while revenues fell 3.4%. In the fiscal fourth quarter, adjusted earnings per share of $0.11 also missed the Zacks Consensus Estimate by $0.05 but revenues of $115.2 million rose 3.5% and beat the Zacks Consensus Estimate by roughly $3 million. However, we are optimistic about Quality Systems given the continued strength in its NextGen division as well as the expected benefit from its Mirth acquisition. As such, we continue with our Neutral recommendation on Quality Systems and set a target price of $17.00.”
A number of other analysts have also recently weighed in on QSII. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Quality Systems in a research note on Monday, June 2nd. They now have a $12.00 price target on the stock, down previously from $15.00. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Quality Systems in a research note on Friday, May 30th. They now have a $19.00 price target on the stock, down previously from $20.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Quality Systems in a research note on Friday, May 30th. They now have a $15.00 price target on the stock, down previously from $18.00. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.47.
Shares of Quality Systems (NASDAQ:QSII) traded down 1.85% during mid-day trading on Tuesday, hitting $15.90. The stock had a trading volume of 136,260 shares. Quality Systems has a one year low of $14.10 and a one year high of $24.15. The stock’s 50-day moving average is $15.49 and its 200-day moving average is $17.99. The company has a market cap of $957.6 million and a price-to-earnings ratio of 62.31.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, May 29th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Quality Systems will post $0.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, June 11th.
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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