Piper Jaffray Companies reissued their buy rating on shares of Quality Systems (NASDAQ:QSII) in a research note published on Friday. They currently have a $17.00 price target on the stock.
QSII has been the subject of a number of other research reports. Zacks Investment Research cut Quality Systems from a hold rating to a sell rating in a report on Tuesday, December 26th. BidaskClub cut Quality Systems from a hold rating to a sell rating in a report on Tuesday, December 5th. Citigroup began coverage on Quality Systems in a report on Thursday, January 4th. They set a sell rating and a $13.00 price objective for the company. Royal Bank of Canada set a $12.00 price objective on Quality Systems and gave the company a sell rating in a report on Friday, October 27th. Finally, Jefferies Group restated a hold rating and set a $14.50 price objective on shares of Quality Systems in a report on Sunday, October 29th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $14.44.
Quality Systems (NASDAQ QSII) opened at $13.49 on Friday. Quality Systems has a 1-year low of $12.41 and a 1-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 stock has a market capitalization of $865.30, a price-to-earnings ratio of 48.18, a P/E/G ratio of 3.11 and a beta of 0.83.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. Quality Systems had a return on equity of 12.24% and a net margin of 3.39%. The company had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $130.63 million. During the same quarter in the previous year, the business earned $0.23 EPS. Quality Systems’s revenue was up 3.0% compared to the same quarter last year. equities analysts expect that Quality Systems will post 0.57 earnings per share for the current year.
Several hedge funds have recently modified their holdings of QSII. Pinebridge Investments L.P. lifted its holdings in shares of Quality Systems by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after buying an additional 86 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Quality Systems in the 2nd quarter worth $173,000. Koch Industries Inc. purchased a new stake in shares of Quality Systems in the 2nd quarter worth $189,000. Victory Capital Management Inc. purchased a new stake in shares of Quality Systems in the 3rd quarter worth $199,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Quality Systems in the 3rd quarter worth $220,000. Institutional investors and hedge funds own 72.05% of the company’s stock.
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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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