Quality Systems, Inc. (QSII) Given Consensus Rating of “Hold” by Brokerages
Shares of Quality Systems, Inc. (NASDAQ:QSII) have received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.93.
A number of research firms recently weighed in on QSII. BidaskClub lowered shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. TheStreet lowered shares of Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $15.50 price target on shares of Quality Systems in a report on Sunday, October 8th. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Sunday, September 17th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Thursday, September 14th.
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In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $15.75, for a total transaction of $330,246.00. Following the completion of the transaction, the director now directly owns 46,745 shares of the company’s stock, valued at approximately $736,233.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.90% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in QSII. Russell Investments Group Ltd. grew its holdings in Quality Systems by 723.6% during the 1st quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock worth $613,000 after acquiring an additional 35,363 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Quality Systems by 4.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 63,537 shares of the company’s stock worth $967,000 after acquiring an additional 2,504 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Quality Systems by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 585,122 shares of the company’s stock worth $8,918,000 after acquiring an additional 19,427 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Quality Systems by 9.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock worth $163,000 after acquiring an additional 952 shares in the last quarter. Finally, Comerica Bank grew its holdings in Quality Systems by 5.2% during the 1st quarter. Comerica Bank now owns 51,309 shares of the company’s stock worth $737,000 after acquiring an additional 2,526 shares in the last quarter. 69.54% of the stock is owned by institutional investors.
Shares of Quality Systems (QSII) traded up 3.74% during trading on Thursday, hitting $16.07. 267,825 shares of the company were exchanged. The stock has a market cap of $1.02 billion, a P/E ratio of 44.89 and a beta of 0.87. Quality Systems has a 12 month low of $11.03 and a 12 month high of $17.74. The company’s 50-day moving average price is $15.54 and its 200 day moving average price is $15.66.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Quality Systems had a net margin of 2.98% and a return on equity of 5.05%. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $126.75 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Quality Systems will post $0.68 earnings per share for the current fiscal year.
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.
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