Quality Systems (NASDAQ:QSII) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
Several other research firms have also weighed in on QSII. Citigroup initiated coverage on shares of Quality Systems in a research note on Thursday, January 4th. They set a “sell” rating and a $13.00 price objective on the stock. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. SunTrust Banks reaffirmed a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research note on Friday, November 17th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price target on shares of Quality Systems in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Quality Systems currently has an average rating of “Hold” and an average price target of $14.44.
Quality Systems (NASDAQ QSII) traded down $0.34 during trading on Wednesday, reaching $13.17. 366,567 shares of the company traded hands, compared to its average volume of 326,357. Quality Systems has a twelve month low of $12.24 and a twelve month high of $17.74. The company has a market cap of $886.90, a price-to-earnings ratio of 46.93, a price-to-earnings-growth ratio of 3.18 and a beta of 0.73. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12.
Institutional investors and hedge funds have recently made changes to their positions in the business. LS Investment Advisors LLC lifted its position in shares of Quality Systems by 404.4% in the fourth quarter. LS Investment Advisors LLC now owns 8,777 shares of the company’s stock worth $119,000 after purchasing an additional 7,037 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Quality Systems in the fourth quarter worth $148,000. Millennium Management LLC bought a new stake in shares of Quality Systems in the fourth quarter worth $160,000. Victory Capital Management Inc. bought a new stake in shares of Quality Systems in the third quarter worth $199,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Quality Systems in the third quarter worth $220,000. 71.04% of the stock is currently owned by hedge funds and other 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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