Quality Systems Sees Large Growth in Short Interest (QSII)
Quality Systems (NASDAQ:QSII) was the target of a significant growth in short interest in June. As of June 13th, there was short interest totalling 4,366,548 shares, a growth of 40.0% from the May 30th total of 3,118,123 shares, American Banking News.com reports. Based on an average daily volume of 595,208 shares, the short-interest ratio is currently 7.3 days. Approximately 9.9% of the company’s stock are sold short.
Several analysts have recently commented on the stock. 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. Seven equities research 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 has a consensus rating of “Hold” and a consensus price target of $18.47.
Shares of Quality Systems (NASDAQ:QSII) opened at 16.24 on Wednesday. Quality Systems has a one year low of $14.10 and a one year high of $24.15. The stock has a 50-day moving average of $16.00 and a 200-day moving average of $17.27. The company has a market cap of $978.0 million and a P/E ratio of 61.73.
Quality Systems (NASDAQ:QSII) last released its earnings data 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 $0.61 earnings per share 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 given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.31%. 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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