Quality Systems (NASDAQ:QSII) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other equities research analysts have also recently weighed in on QSII. Jefferies Group reaffirmed 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 reaffirmed a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research report on Friday, November 17th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $13.00 price target on shares of Quality Systems in a research report on Thursday, October 26th. Finally, KeyCorp reaffirmed a “sell” rating on shares of Quality Systems in a research report on Sunday, September 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Quality Systems currently has a consensus rating of “Hold” and a consensus price target of $15.07.

Shares of Quality Systems (QSII) traded down $0.05 on Tuesday, hitting $13.86. 115,611 shares of the stock traded hands, compared to its average volume of 304,725. Quality Systems has a 52-week low of $12.61 and a 52-week high of $17.74. The stock has a market cap of $882.49, a PE ratio of 18.99, a PEG ratio of 3.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.22.

Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share 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 firm had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. equities analysts expect that Quality Systems will post 0.57 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of QSII. Pinebridge Investments L.P. raised its stake in shares of Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after acquiring an additional 86 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Quality Systems by 79.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock worth $157,000 after acquiring an additional 4,059 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Quality Systems during the 2nd quarter worth approximately $173,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Quality Systems by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock worth $188,000 after acquiring an additional 400 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Quality Systems during the 2nd quarter worth approximately $189,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

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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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