SunTrust Banks, Inc. Reaffirms Hold Rating for Quality Systems, Inc. (QSII)
Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating reiterated by analysts at SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $15.00 price target on the stock. SunTrust Banks, Inc.’s price objective points to a potential upside of 9.81% from the company’s current price.
A number of other brokerages have also commented on QSII. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Quality Systems in a report on Thursday, October 26th. TheStreet downgraded Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Jefferies Group LLC reiterated a “hold” rating and set a $15.50 target price on shares of Quality Systems in a research report on Sunday, October 8th. Robert W. Baird reiterated a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research report on Tuesday, October 17th. Finally, BidaskClub downgraded Quality Systems from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.07.
Shares of Quality Systems (NASDAQ QSII) traded down $0.12 during midday trading on Friday, reaching $13.66. The company’s stock had a trading volume of 271,542 shares, compared to its average volume of 320,165. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. Quality Systems has a 52-week low of $12.61 and a 52-week high of $17.74. The firm has a market cap of $877.39, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The firm had revenue of $132.61 million for the quarter, compared to analyst estimates of $130.15 million. During the same period in the prior year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts expect that Quality Systems will post 0.57 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Martingale Asset Management L P lifted its position in shares of Quality Systems by 724.6% during the 2nd quarter. Martingale Asset Management L P now owns 181,661 shares of the company’s stock worth $3,127,000 after buying an additional 159,630 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Quality Systems by 84.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 711,996 shares of the company’s stock worth $10,851,000 after buying an additional 325,957 shares during the last quarter. FMR LLC bought a new position in Quality Systems in the second quarter valued at about $20,233,000. AJO LP raised its position in Quality Systems by 119.1% in the second quarter. AJO LP now owns 180,739 shares of the company’s stock valued at $3,111,000 after purchasing an additional 98,257 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Quality Systems in the second quarter valued at about $967,000. Institutional investors and hedge funds own 69.27% of the company’s stock.
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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