Quality Systems (NASDAQ:QSII) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.
QSII has been the subject of a number of other research reports. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a report on Thursday, September 14th. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Royal Bank Of Canada began coverage on Quality Systems in a report on Tuesday, September 19th. They issued an “underperform” rating and a $12.00 price objective for the company. Robert W. Baird reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a report on Sunday, September 17th. Finally, KeyCorp reaffirmed a “sell” rating on shares of Quality Systems in a report on Sunday, September 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.07.
Quality Systems (QSII) opened at $14.38 on Tuesday. Quality Systems has a 52-week low of $12.61 and a 52-week high of $17.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.23. The firm has a market capitalization of $907.32, a P/E ratio of 19.52, a P/E/G ratio of 3.26 and a beta of 0.83.
Quality Systems (NASDAQ:QSII) last posted its earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. The business had revenue of $132.61 million during the quarter, compared to analyst estimates of $130.15 million. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. equities analysts forecast that Quality Systems will post 0.57 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. lifted its position in shares of Quality Systems by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock valued at $105,000 after acquiring an additional 86 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Quality Systems by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after acquiring an additional 4,059 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Quality Systems in the second quarter valued at about $173,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Quality Systems by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock valued at $188,000 after acquiring an additional 400 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Quality Systems in the second quarter valued at about $189,000. Institutional investors and hedge funds own 72.25% 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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