Topeka Capital Markets Initiates Coverage on Quality Systems (QSII)
Equities researchers at Topeka Capital Markets assumed coverage on shares of Quality Systems (NASDAQ:QSII) in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about 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 assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.47.
Quality Systems (NASDAQ:QSII) traded down 0.73% during mid-day trading on Monday, hitting $14.97. The stock had a trading volume of 475,540 shares. 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 $15.81 and its 200-day moving average is $16.80. The company has a market cap of $901.6 million and a price-to-earnings ratio of 58.00.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results 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 $0.61 EPS for the current fiscal year.
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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