$127.45 Million in Sales Expected for Quality Systems, Inc. (NASDAQ:QSII) This Quarter
Analysts expect Quality Systems, Inc. (NASDAQ:QSII) to post sales of $127.45 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Quality Systems’ earnings, with estimates ranging from $125.80 million to $129.40 million. Quality Systems posted sales of $122.21 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The firm is expected to announce its next quarterly earnings report on Thursday, July 27th.
On average, analysts expect that Quality Systems will report full year sales of $127.45 million for the current financial year, with estimates ranging from $516.00 million to $525.00 million. For the next year, analysts anticipate that the company will post sales of $543.01 million per share, with estimates ranging from $529.20 million to $552.06 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Quality Systems.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Friday, May 19th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $132.40 million for the quarter, compared to analysts’ expectations of $128.37 million. Quality Systems had a return on equity of 15.88% and a net margin of 3.58%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS.
A number of brokerages recently issued reports on QSII. Jefferies Group LLC restated a “hold” rating and set a $13.00 target price on shares of Quality Systems in a research report on Wednesday, March 29th. BidaskClub upgraded shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Leerink Swann restated a “market perform” rating and set a $16.00 target price (up previously from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Finally, Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.86.
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Shares of Quality Systems (QSII) traded down 1.16% on Thursday, hitting $16.98. The stock had a trading volume of 73,698 shares. The stock has a market cap of $1.06 billion, a PE ratio of 58.55 and a beta of 0.88. The company’s 50 day moving average is $15.81 and its 200 day moving average is $14.77. Quality Systems has a one year low of $10.61 and a one year high of $17.55.
Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in shares of Quality Systems by 13.9% in the first quarter. Public Employees Retirement System of Ohio now owns 42,626 shares of the company’s stock worth $650,000 after buying an additional 5,211 shares during the period. HighTower Advisors LLC bought a new position in shares of Quality Systems during the first quarter worth $2,181,000. AQR Capital Management LLC raised its position in shares of Quality Systems by 37.7% in the first quarter. AQR Capital Management LLC now owns 336,515 shares of the company’s stock worth $5,128,000 after buying an additional 92,187 shares during the period. Gotham Asset Management LLC raised its position in shares of Quality Systems by 330.0% in the first quarter. Gotham Asset Management LLC now owns 63,663 shares of the company’s stock worth $970,000 after buying an additional 48,859 shares during the period. Finally, Perceptive Advisors LLC bought a new position in shares of Quality Systems during the first quarter worth $516,000. 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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