Quality Systems Receives “Neutral” Rating from Zacks (QSII)
Quality Systems (NASDAQ:QSII)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Monday. They currently have a $16.00 target price on the stock. Zacks‘s target price suggests a potential upside of 6.45% from the stock’s previous close.
Zacks’ analyst wrote, “Quality Systems continue to report a fall in earnings. In the recently completed first quarter-fiscal 2015, the company’s earnings plunged 50.0% to $0.12, in line with the Zacks Consensus Estimate but revenues of $117.9 million rose 7.6% 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 $16.00.”
A number of other analysts have also recently weighed in on QSII. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Quality Systems in a research note on Wednesday, August 6th. They now have a $15.00 price target on the stock, down previously from $17.00. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Quality Systems in a research note on Monday, July 21st. They set a “buy” rating and a $19.00 price target on the stock. Finally, 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. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.75.
Quality Systems (NASDAQ:QSII) traded up 1.13% during mid-day trading on Monday, hitting $15.20. 104,143 shares of the company’s stock traded hands. 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 $15.46 and its 200-day moving average is $16.27. The company has a market cap of $915.4 million and a price-to-earnings ratio of 123.20.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, July 24th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.01. The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.90 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Quality Systems will post $0.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Friday, September 12th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Wednesday, September 10th.
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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