Dougherty & Co Weighs in on Quality Systems, Inc.’s Q3 2018 Earnings (QSII)
Quality Systems, Inc. (NASDAQ:QSII) – Equities researchers at Dougherty & Co issued their Q3 2018 earnings estimates for Quality Systems in a research report issued on Monday. Dougherty & Co analyst G. Mannheimer expects that the company will earn $0.13 per share for the quarter.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business had revenue of $132.61 million for the quarter, compared to analysts’ expectations of $130.15 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This piece was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/01/dougherty-co-weighs-in-on-quality-systems-inc-s-q3-2018-earnings-qsii.html.
Several other brokerages also recently commented on QSII. Cantor Fitzgerald reiterated a “hold” rating and set a $13.00 target price on shares of Quality Systems in a research note on Thursday, October 26th. TheStreet downgraded Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Jefferies Group LLC restated a “hold” rating and issued a $15.50 price target on shares of Quality Systems in a research note on Sunday, October 8th. Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research note on Tuesday, October 17th. Finally, BidaskClub downgraded Quality Systems from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.08.
In related news, Director Russell Pflueger sold 20,968 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $736,233.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 17.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in QSII. Pinebridge Investments L.P. raised its holdings in Quality Systems by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after purchasing an additional 86 shares during the period. PNC Financial Services Group Inc. raised its holdings in Quality Systems by 496.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock worth $134,000 after purchasing an additional 7,353 shares during the period. State of Alaska Department of Revenue raised its holdings in Quality Systems by 79.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock worth $157,000 after purchasing an additional 4,059 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Quality Systems by 2.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock worth $160,000 after purchasing an additional 260 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new position in Quality Systems in the 2nd quarter worth $173,000. 69.11% of the stock is currently owned by institutional investors.
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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