Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating reaffirmed by equities research analysts at Oppenheimer Holdings, Inc. in a research report issued on Friday.

Several other research firms have also issued reports on QSII. TheStreet lowered shares of Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. BidaskClub raised shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Leerink Swann reaffirmed a “market perform” rating and set a $16.00 price target (up from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $20.00 price target (up from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $15.50 price target (up from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.67.

Shares of Quality Systems (NASDAQ QSII) traded down 0.81% on Friday, reaching $15.85. 542,830 shares of the company traded hands. The stock has a 50 day moving average of $15.93 and a 200 day moving average of $15.59. Quality Systems has a 52-week low of $10.61 and a 52-week high of $17.74. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 44.27 and a beta of 0.89.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Quality Systems will post $0.67 earnings per share for the current year.

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In other news, Director Russell Pflueger sold 20,968 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $15.75, for a total value of $330,246.00. Following the transaction, the director now directly owns 46,745 shares of the company’s stock, valued at $736,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.90% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in QSII. Teachers Advisors LLC increased its position in Quality Systems by 2.3% during the fourth quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock worth $1,107,000 after acquiring an additional 1,917 shares during the period. Louisiana State Employees Retirement System increased its position in Quality Systems by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock worth $287,000 after acquiring an additional 300 shares during the period. Russell Investments Group Ltd. increased its position in Quality Systems by 723.6% during the first quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock worth $613,000 after acquiring an additional 35,363 shares during the period. Great West Life Assurance Co. Can increased its position in Quality Systems by 4.1% during the first quarter. Great West Life Assurance Co. Can now owns 63,537 shares of the company’s stock worth $967,000 after acquiring an additional 2,504 shares during the period. Finally, LSV Asset Management increased its position in Quality Systems by 230.8% during the first quarter. LSV Asset Management now owns 21,500 shares of the company’s stock worth $327,000 after acquiring an additional 15,000 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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