Quality Systems, Inc. (NASDAQ:QSII) – Investment analysts at William Blair reduced their FY2018 EPS estimates for Quality Systems in a research report issued to clients and investors on Monday. William Blair analyst J. Garro now forecasts that the company will earn $0.59 per share for the year, down from their previous forecast of $0.86.

Several other equities research analysts also recently commented on QSII. TheStreet upgraded shares of Quality Systems from a “c” rating to a “b-” rating in a research note on Thursday, January 26th. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a research note on Monday, January 30th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $13.00 target price on shares of Quality Systems in a research note on Wednesday, March 29th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $12.43.

Earnings History and Estimates for Quality Systems (NASDAQ:QSII)

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Quality Systems (NASDAQ:QSII) traded up 1.44% on Thursday, reaching $14.78. 82,210 shares of the company’s stock were exchanged. Quality Systems has a 12 month low of $10.60 and a 12 month high of $15.90. The firm has a 50 day moving average of $14.31 and a 200 day moving average of $14.27. The stock has a market capitalization of $923.08 million, a PE ratio of 50.97 and a beta of 1.16.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Friday, May 19th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. Quality Systems had a negative net margin of 0.49% and a positive return on equity of 16.27%. The firm had revenue of $132.40 million for the quarter, compared to the consensus estimate of $128.37 million. During the same period in the prior year, the firm posted $0.19 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of Quality Systems by 11.1% in the third quarter. BlackRock Fund Advisors now owns 3,344,084 shares of the company’s stock valued at $37,855,000 after buying an additional 332,880 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Quality Systems by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,040 shares of the company’s stock valued at $114,000 after buying an additional 170 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Quality Systems during the third quarter valued at $139,000. Analytic Investors LLC boosted its stake in shares of Quality Systems by 350.7% in the third quarter. Analytic Investors LLC now owns 131,796 shares of the company’s stock valued at $1,492,000 after buying an additional 102,555 shares in the last quarter. Finally, Martin & Co. Inc. TN boosted its stake in shares of Quality Systems by 1.8% in the third quarter. Martin & Co. Inc. TN now owns 81,348 shares of the company’s stock valued at $921,000 after buying an additional 1,400 shares in the last quarter. 62.47% of the stock is owned by hedge funds and other institutional investors.

About Quality Systems

Quality Systems, Inc (QSI) primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices.

12 Month Chart for NASDAQ:QSII

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