Headlines about Quality Systems (NASDAQ:QSII) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Quality Systems earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.2007890643341 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several analysts have recently issued reports on QSII shares. BidaskClub lowered shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 target price (up previously from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $15.50 target price (up previously from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, TheStreet downgraded shares of Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.64.
Shares of Quality Systems (NASDAQ:QSII) traded down 8.97% during trading on Thursday, reaching $14.21. 1,069,222 shares of the company’s stock were exchanged. Quality Systems has a 52 week low of $11.76 and a 52 week high of $17.74. The stock has a market capitalization of $900.45 million, a price-to-earnings ratio of 39.69 and a beta of 0.87. The stock has a 50 day moving average price of $15.57 and a 200-day moving average price of $15.70.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $132.61 million for the quarter, compared to analysts’ expectations of $130.15 million. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. Quality Systems’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. Analysts predict that Quality Systems will post $0.68 earnings per share for the current year.
In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $15.75, for a total value of $330,246.00. Following the sale, the director now directly owns 46,745 shares in the company, valued at $736,233.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.90% 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.
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