Quality Systems Inc. (QSII) Given Average Recommendation of “Hold” by Brokerages
Shares of Quality Systems Inc. (NASDAQ:QSII) have received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the firm. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.71.
A number of research firms have recently commented on QSII. KeyCorp reissued a “sell” rating and issued a $11.00 price objective on shares of Quality Systems in a research note on Friday, July 29th. Deutsche Bank AG decreased their target price on Quality Systems from $12.00 to $11.00 and set a “sell” rating on the stock in a report on Friday, July 29th. Zacks Investment Research upgraded Quality Systems from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Wednesday, July 20th. JPMorgan Chase & Co. decreased their target price on Quality Systems from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Finally, Jefferies Group restated a “hold” rating and issued a $13.00 target price (down from $15.00) on shares of Quality Systems in a report on Tuesday, August 2nd.
Several hedge funds have recently made changes to their positions in QSII. TIAA CREF Investment Management LLC boosted its position in Quality Systems by 35.1% in the first quarter. TIAA CREF Investment Management LLC now owns 257,728 shares of the company’s stock valued at $3,928,000 after buying an additional 66,935 shares in the last quarter. Prudential Financial Inc. boosted its position in Quality Systems by 14.2% in the first quarter. Prudential Financial Inc. now owns 606,507 shares of the company’s stock valued at $9,243,000 after buying an additional 75,507 shares in the last quarter. BlackRock Group LTD boosted its position in Quality Systems by 5.3% in the first quarter. BlackRock Group LTD now owns 81,248 shares of the company’s stock valued at $1,238,000 after buying an additional 4,068 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Quality Systems by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,167,312 shares of the company’s stock valued at $17,790,000 after buying an additional 11,441 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Quality Systems by 831.6% in the first quarter. JPMorgan Chase & Co. now owns 365,063 shares of the company’s stock valued at $5,564,000 after buying an additional 325,876 shares in the last quarter. 70.17% of the stock is owned by institutional investors.
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Quality Systems (NASDAQ:QSII) traded down 0.91% during trading on Tuesday, hitting $10.92. The stock had a trading volume of 136,168 shares. The firm’s 50 day moving average is $11.49 and its 200 day moving average is $12.72. The firm’s market cap is $671.65 million. Quality Systems has a 1-year low of $10.61 and a 1-year high of $17.50.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.03. Quality Systems had a positive return on equity of 14.81% and a negative net margin of 0.27%. The firm earned $122.20 million during the quarter, compared to the consensus estimate of $126.30 million. During the same period in the prior year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts anticipate that Quality Systems will post $0.76 earnings per share for the current year.
About Quality Systems
Quality Systems, Inc is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI).
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