Quality Systems, Inc. (QSII) Given Average Rating of “Hold” by Brokerages

Quality Systems, Inc. (NASDAQ:QSII) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Four 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. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.81.

Several equities research analysts have recently commented on the company. Robert W. Baird reissued a “hold” rating and issued a $15.00 target price on shares of Quality Systems in a research note on Tuesday, October 17th. Zacks Investment Research raised Quality Systems from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Citigroup assumed coverage on Quality Systems in a research note on Thursday, January 4th. They issued a “sell” rating and a $13.00 target price for the company. BidaskClub cut Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, SunTrust Banks reissued a “hold” rating and issued a $15.00 target price on shares of Quality Systems in a research note on Friday, November 17th.

Several institutional investors have recently made changes to their positions in QSII. Pinebridge Investments L.P. grew its stake in shares of Quality Systems by 1.4% during the second 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. Piedmont Investment Advisors LLC acquired a new stake in shares of Quality Systems during the second quarter worth $173,000. Koch Industries Inc. acquired a new stake in shares of Quality Systems during the second quarter worth $189,000. Victory Capital Management Inc. acquired a new stake in shares of Quality Systems during the third quarter worth $199,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Quality Systems during the third quarter worth $220,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Quality Systems (QSII) traded up $0.16 during mid-day trading on Friday, reaching $13.49. The company had a trading volume of 294,798 shares, compared to its average volume of 278,860. The firm has a market cap of $869.24, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.05 and a beta of 0.83. Quality Systems has a 12-month low of $12.61 and a 12-month high of $17.74. 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 released its earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ 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 business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. equities research analysts forecast that Quality Systems will post 0.57 earnings per share for the current year.

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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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