Quality Systems, Inc. (QSII) Given Average Recommendation of “Hold” by Brokerages
Shares of Quality Systems, Inc. (NASDAQ:QSII) have been given a consensus rating of “Hold” by the fifteen analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.71.
QSII has been the topic of several research analyst reports. TheStreet downgraded Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th. BidaskClub upgraded Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Leerink Swann reiterated a “market perform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Quality Systems in a report on Friday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st.
In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $15.75, for a total transaction of $330,246.00. Following the sale, the director now owns 46,745 shares in the company, valued at approximately $736,233.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 17.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of QSII. Teachers Advisors LLC increased its holdings in Quality Systems by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock worth $1,107,000 after purchasing an additional 1,917 shares during the period. Louisiana State Employees Retirement System increased its holdings in Quality Systems by 1.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock worth $287,000 after purchasing an additional 300 shares during the period. Russell Investments Group Ltd. increased its holdings in Quality Systems by 723.6% during the 1st quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock worth $613,000 after purchasing an additional 35,363 shares during the period. Great West Life Assurance Co. Can increased its holdings in Quality Systems by 4.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 63,537 shares of the company’s stock worth $967,000 after purchasing an additional 2,504 shares during the period. Finally, LSV Asset Management increased its holdings in Quality Systems by 230.8% during the 1st quarter. LSV Asset Management now owns 21,500 shares of the company’s stock worth $327,000 after purchasing an additional 15,000 shares during the period. Institutional investors own 69.57% of the company’s stock.
Quality Systems (NASDAQ QSII) traded down 0.81% during mid-day trading on Friday, reaching $15.85. The company’s stock had a trading volume of 542,830 shares. The firm’s 50 day moving average price is $15.89 and its 200 day moving average price is $15.60. Quality Systems has a 12-month low of $10.61 and a 12-month 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 data on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $130.90 million for the quarter, compared to the consensus estimate of $126.75 million. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. On average, equities analysts predict that Quality Systems will post $0.67 earnings per share for the current year.
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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.
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