Quality Systems, Inc. (NASDAQ:QSII) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

Several other analysts have also recently issued reports on QSII. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 target price on shares of Quality Systems in a research report on Wednesday, March 29th. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Finally, Leerink Swann reiterated a “market perform” rating and set a $16.00 price objective (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.86.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

Quality Systems (NASDAQ QSII) traded up 0.18% on Tuesday, hitting $16.37. The stock had a trading volume of 173,012 shares. Quality Systems has a 1-year low of $10.60 and a 1-year high of $16.74. The stock’s 50-day moving average is $14.81 and its 200 day moving average is $14.46. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 56.45 and a beta of 0.86.

Quality Systems (NASDAQ:QSII) last announced its quarterly earnings data on Friday, May 19th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Quality Systems had a return on equity of 15.88% and a net margin of 3.58%. The company had revenue of $132.40 million for the quarter, compared to analysts’ expectations of $128.37 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Quality Systems’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Quality Systems will post $0.70 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Quality Systems by 496.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock worth $134,000 after buying an additional 7,353 shares during the period. Budros Ruhlin & Roe Inc. purchased a new stake in Quality Systems during the first quarter valued at about $152,000. Ellington Management Group LLC purchased a new stake in Quality Systems during the fourth quarter valued at about $158,000. Municipal Employees Retirement System of Michigan boosted its stake in Quality Systems by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after buying an additional 260 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Quality Systems by 9.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock valued at $163,000 after buying an additional 952 shares during the last quarter. Hedge funds and other institutional investors own 66.81% of the company’s stock.

Quality Systems Company Profile

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.

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