Shares of Quality Systems, Inc. (NASDAQ:QSII) have been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.44.
Several equities research analysts have commented on QSII shares. Jefferies Group restated a “hold” rating and issued a $14.50 target price on shares of Quality Systems in a research note on Sunday, October 29th. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. BidaskClub lowered Quality Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. Royal Bank of Canada set a $12.00 price target on Quality Systems and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $13.00 price target on shares of Quality Systems in a research report on Thursday, October 26th.
Quality Systems (NASDAQ QSII) traded down $0.09 during midday trading on Wednesday, reaching $12.55. The company’s stock had a trading volume of 205,000 shares, compared to its average volume of 356,215. The company has a market cap of $805.34, a PE ratio of 44.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.19 and a quick ratio of 1.19. Quality Systems has a 12-month low of $12.25 and a 12-month high of $17.74.
Several large investors have recently bought and sold shares of QSII. Teachers Advisors LLC increased its position in shares of Quality Systems by 9.7% during the 2nd quarter. Teachers Advisors LLC now owns 96,158 shares of the company’s stock worth $1,655,000 after purchasing an additional 8,489 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Quality Systems by 19.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 236,600 shares of the company’s stock worth $4,072,000 after acquiring an additional 38,496 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Quality Systems by 11.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 287,709 shares of the company’s stock worth $4,954,000 after acquiring an additional 29,069 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Quality Systems by 2.9% during the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock worth $101,869,000 after acquiring an additional 166,302 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Quality Systems by 8.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 28,070 shares of the company’s stock worth $483,000 after acquiring an additional 2,150 shares during the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.
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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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