FY2018 Earnings Estimate for Quality Systems, Inc. (NASDAQ:QSII) Issued By William Blair
Quality Systems, Inc. (NASDAQ:QSII) – Analysts at William Blair lowered their FY2018 earnings per share estimates for Quality Systems in a note issued to investors on Wednesday. William Blair analyst J. Garro now forecasts that the company will post earnings per share of $0.54 for the year, down from their previous forecast of $0.59. William Blair also issued estimates for Quality Systems’ FY2019 earnings at $0.66 EPS.
Several other research firms have also commented on QSII. Jefferies Group LLC restated a “hold” rating and issued a $15.50 price target (up previously from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Piper Jaffray Companies restated an “overweight” rating and issued a $20.00 price target (up previously from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. BidaskClub lowered shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Leerink Swann restated a “market perform” rating and issued a $16.00 price target (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, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Quality Systems has a consensus rating of “Hold” and an average target price of $14.50.
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Quality Systems (QSII) opened at 16.13 on Monday. The firm’s 50 day moving average is $17.11 and its 200-day moving average is $15.39. The company has a market cap of $1.02 billion, a P/E ratio of 45.06 and a beta of 0.89. Quality Systems has a 52 week low of $10.60 and a 52 week high of $17.74.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $126.75 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Algert Global LLC raised its position in Quality Systems by 24.0% in the first quarter. Algert Global LLC now owns 159,332 shares of the company’s stock valued at $2,428,000 after buying an additional 30,797 shares during the period. LSV Asset Management raised its position in Quality Systems by 230.8% in the first quarter. LSV Asset Management now owns 21,500 shares of the company’s stock valued at $327,000 after buying an additional 15,000 shares during the period. Great West Life Assurance Co. Can raised its position in Quality Systems by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 63,537 shares of the company’s stock valued at $967,000 after buying an additional 2,504 shares during the period. Russell Investments Group Ltd. raised its position in Quality Systems by 723.6% in the first quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock valued at $613,000 after buying an additional 35,363 shares during the period. Finally, Malaga Cove Capital LLC purchased a new position in Quality Systems during the first quarter valued at approximately $520,000. Hedge funds and other institutional investors own 66.28% 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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