Quality Systems, Inc. (QSII) Given “Hold” Rating at Robert W. Baird
Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating reiterated by equities research analysts at Robert W. Baird in a note issued to investors on Sunday. They presently have a $15.00 target price on the stock. Robert W. Baird’s price objective suggests a potential downside of 5.36% from the stock’s previous close.
A number of other analysts have also weighed in on QSII. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Leerink Swann restated a “market perform” rating and set a $16.00 price objective (up from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. BidaskClub upgraded shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Piper Jaffray Companies restated an “overweight” rating and set a $20.00 price objective (up from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $15.50 price objective (up from $13.00) on shares of Quality Systems in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.71.
Shares of Quality Systems (NASDAQ QSII) opened at 15.85 on Friday. The firm has a 50-day moving average of $15.89 and a 200 day moving average of $15.60. Quality Systems has a 1-year low of $10.61 and a 1-year high of $17.74. The company has a market capitalization of $1.00 billion, a P/E ratio of 44.27 and a beta of 0.89.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $130.90 million during the quarter, compared to analyst estimates of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. Quality Systems’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. On average, equities research 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 Quality Systems stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $15.75, for a total value of $330,246.00. Following the completion of the sale, the director now directly owns 46,745 shares in the company, valued at $736,233.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. grew its stake in shares of Quality Systems by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after acquiring an additional 86 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Quality Systems by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock worth $325,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System grew its stake in shares of Quality Systems by 0.4% in the second quarter. Arizona State Retirement System now owns 24,206 shares of the company’s stock worth $417,000 after acquiring an additional 100 shares during the period. LSV Asset Management grew its stake in shares of Quality Systems by 0.5% in the second quarter. LSV Asset Management now owns 21,600 shares of the company’s stock worth $371,000 after acquiring an additional 100 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of 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 worth $160,000 after acquiring an additional 260 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.
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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