Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “sell” rating reiterated by equities researchers at KeyCorp in a research note issued on Sunday.

QSII has been the topic of a number of other reports. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Cantor Fitzgerald reiterated a “hold” rating and set a $15.00 price objective on shares of Quality Systems in a research note on Thursday. Robert W. Baird reiterated a “hold” rating and set a $15.00 price objective on shares of Quality Systems in a research note on Sunday. Jefferies Group LLC reiterated 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. Finally, Piper Jaffray Companies reiterated 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. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Quality Systems presently has an average rating of “Hold” and an average target price of $14.71.

Quality Systems (QSII) opened at 15.85 on Friday. Quality Systems has a 12 month low of $10.61 and a 12 month high of $17.74. The company has a market cap of $1.00 billion, a PE ratio of 44.27 and a beta of 0.89. The company has a 50 day moving average price of $15.89 and a 200-day moving average price of $15.60.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The company had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that Quality Systems will post $0.67 earnings per share for the current fiscal year.

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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 value of $330,246.00. Following the transaction, the director now directly owns 46,745 shares in the company, valued at approximately $736,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in QSII. BlackRock Inc. increased its stake in Quality Systems by 112,064.4% in the 1st quarter. BlackRock Inc. now owns 5,752,913 shares of the company’s stock worth $87,674,000 after acquiring an additional 5,747,784 shares during the last quarter. FMR LLC bought a new position in Quality Systems in the 2nd quarter worth about $20,233,000. Schwab Charles Investment Management Inc. increased its stake in Quality Systems by 84.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 711,996 shares of the company’s stock worth $10,851,000 after acquiring an additional 325,957 shares during the last quarter. Alliancebernstein L.P. increased its stake in Quality Systems by 270.2% in the 1st quarter. Alliancebernstein L.P. now owns 312,512 shares of the company’s stock worth $4,763,000 after acquiring an additional 228,090 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in Quality Systems in the 2nd quarter worth about $189,000. Institutional investors and hedge funds own 69.57% 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.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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