Quality Systems (NASDAQ:QSII)‘s stock had its “buy” rating reissued by research analysts at Piper Jaffray Companies in a report issued on Friday. They currently have a $17.00 price objective on the stock. Piper Jaffray Companies’ price objective indicates a potential upside of 25.83% from the stock’s current price.

A number of other research firms also recently weighed in on QSII. Cantor Fitzgerald restated a “hold” rating and issued a $13.00 price target on shares of Quality Systems in a research note on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. BidaskClub lowered shares of Quality Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. Finally, Jefferies Group reiterated a “hold” rating and issued a $15.50 price objective on shares of Quality Systems in a report on Sunday, October 8th. 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 stock. Quality Systems currently has a consensus rating of “Hold” and a consensus price target of $14.44.

Quality Systems (NASDAQ:QSII) traded down $0.08 on Friday, hitting $13.51. 1,058,658 shares of the stock were exchanged, compared to its average volume of 348,574. Quality Systems has a one year low of $12.41 and a one year high of $17.74. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The firm has a market cap of $855.11, a P/E ratio of 31.56, a P/E/G ratio of 3.07 and a beta of 0.83.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The company had revenue of $131.70 million for the quarter, compared to the consensus estimate of $130.63 million. During the same period last year, the company posted $0.23 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. equities analysts predict that Quality Systems will post 0.57 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. raised its holdings in 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 purchasing an additional 86 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Quality Systems during the 2nd quarter worth approximately $173,000. Koch Industries Inc. bought a new position in Quality Systems during the 2nd quarter worth approximately $189,000. Victory Capital Management Inc. bought a new position in Quality Systems during the 3rd quarter worth approximately $199,000. Finally, Macquarie Group Ltd. bought a new position in Quality Systems during the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.

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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.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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