Shares of Quality Systems, Inc. (NASDAQ:QSII) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.07.
QSII has been the subject of several recent analyst reports. Jefferies Group restated a “hold” rating and issued a $14.50 price target on shares of Quality Systems in a report on Sunday, October 29th. Royal Bank Of Canada initiated coverage on Quality Systems in a report on Tuesday, September 19th. They issued an “underperform” rating and a $12.00 price target for the company. Oppenheimer restated a “hold” rating on shares of Quality Systems in a report on Friday, September 15th. Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a report on Sunday, September 17th. Finally, TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th.
Several large investors have recently modified their holdings of the company. Algert Global LLC grew its holdings in shares of Quality Systems by 17.9% during the 3rd quarter. Algert Global LLC now owns 172,267 shares of the company’s stock worth $2,710,000 after purchasing an additional 26,097 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Quality Systems during the 3rd quarter worth about $684,000. Pinebridge Investments L.P. grew its holdings in shares of Quality Systems by 795.8% during the 3rd quarter. Pinebridge Investments L.P. now owns 54,762 shares of the company’s stock worth $861,000 after purchasing an additional 48,649 shares during the period. OxFORD Asset Management LLP grew its holdings in shares of Quality Systems by 42.2% during the 3rd quarter. OxFORD Asset Management LLP now owns 250,246 shares of the company’s stock worth $3,914,000 after purchasing an additional 74,306 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Quality Systems by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,123,601 shares of the company’s stock worth $33,404,000 after purchasing an additional 70,447 shares during the period. Institutional investors and hedge funds own 72.33% of the company’s stock.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. equities research analysts predict that Quality Systems will post 0.57 EPS 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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