Quality Systems Receives Consensus Rating of “Hold” from Analysts (NASDAQ:QSII)
Quality Systems (NASDAQ:QSII) has been given an average recommendation of “Hold” by the twenty-one analysts that are presently covering the stock, Analyst Ratings Net reports. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.47.
Shares of Quality Systems (NASDAQ:QSII) opened at 16.13 on Tuesday. Quality Systems has a 52-week low of $14.10 and a 52-week high of $24.15. The stock has a 50-day moving average of $15.61 and a 200-day moving average of $17.73. The company has a market cap of $971.4 million and a P/E ratio of 62.04.
Quality Systems (NASDAQ:QSII) last released its earnings data on Thursday, May 29th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.21 earnings per share. Quality Systems’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Quality Systems will post $0.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Stockholders 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 4.34%. The ex-dividend date is Wednesday, June 11th.
QSII has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Quality Systems in a research note on Tuesday, June 10th. They now have a $17.00 price target on the stock. Separately, 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. Finally, 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.
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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