Quality Systems, Inc. (QSII) Given a $12.00 Price Target by Royal Bank Of Canada Analysts
Quality Systems, Inc. (NASDAQ:QSII) has been assigned a $12.00 price objective by analysts at Royal Bank Of Canada in a research note issued on Friday. The firm presently has a “sell” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 16.20% from the stock’s current price.
Other analysts have also issued reports about the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $13.00 price target on shares of Quality Systems in a research report on Thursday. TheStreet lowered shares of Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Jefferies Group LLC reissued a “hold” rating and issued a $15.50 price target on shares of Quality Systems in a research report on Sunday, October 8th. Robert W. Baird reissued a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research report on Tuesday, October 17th. Finally, BidaskClub lowered shares of Quality Systems from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.64.
Shares of Quality Systems (NASDAQ QSII) traded up 0.77% during trading on Friday, reaching $14.32. 580,599 shares of the company traded hands. Quality Systems has a 12 month low of $11.76 and a 12 month high of $17.74. The firm has a 50-day moving average price of $15.57 and a 200-day moving average price of $15.70. The firm has a market capitalization of $907.42 million, a PE ratio of 40.00 and a beta of 0.87.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The company had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. During the same period last year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Quality Systems will post $0.68 EPS for the current year.
In related news, Director Russell Pflueger sold 20,968 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $15.75, for a total transaction of $330,246.00. Following the transaction, the director now owns 46,745 shares of the company’s stock, valued at $736,233.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. raised its position in Quality Systems by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock valued at $105,000 after acquiring an additional 86 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Quality Systems by 496.8% during the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after acquiring an additional 7,353 shares in the last quarter. State of Alaska Department of Revenue raised its position in Quality Systems by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after acquiring an additional 4,059 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Quality Systems during the second quarter valued at approximately $173,000. Finally, Municipal Employees Retirement System of Michigan raised its position in Quality Systems by 2.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after acquiring an additional 260 shares in the last quarter. 69.09% of the stock is currently owned by hedge funds and other institutional investors.
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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