BidaskClub cut shares of Quality Systems (NASDAQ:QSII) from a sell rating to a strong sell rating in a research note published on Wednesday morning.
Other analysts also recently issued research reports about the stock. Piper Jaffray Companies reaffirmed a buy rating and set a $17.00 price objective on shares of Quality Systems in a research report on Friday, January 26th. SunTrust Banks reaffirmed a hold rating and set a $15.00 price objective on shares of Quality Systems in a research report on Friday, November 17th. Zacks Investment Research raised shares of Quality Systems from a sell rating to a hold rating in a research report on Tuesday, October 31st. Jefferies Group reaffirmed a hold rating and set a $14.50 price objective on shares of Quality Systems in a research report on Sunday, October 29th. Finally, Cantor Fitzgerald reaffirmed a hold rating and set a $13.00 price objective on shares of Quality Systems in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $14.44.
Shares of Quality Systems (QSII) opened at $12.46 on Wednesday. The company has a market cap of $795.79, a P/E ratio of 44.50, a PEG ratio of 2.86 and a beta of 0.73. Quality Systems has a 52-week low of $12.25 and a 52-week high of $17.74. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12.
Quality Systems (NASDAQ:QSII) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $131.70 million during the quarter, compared to the consensus estimate of $130.63 million. Quality Systems had a net margin of 3.39% and a return on equity of 12.08%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. research analysts expect that Quality Systems will post 0.56 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of QSII. Teachers Advisors LLC lifted its holdings in shares of Quality Systems by 9.7% in the 2nd quarter. Teachers Advisors LLC now owns 96,158 shares of the company’s stock worth $1,655,000 after purchasing an additional 8,489 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Quality Systems by 1.7% in the 2nd quarter. Northern Trust Corp now owns 657,054 shares of the company’s stock worth $11,308,000 after purchasing an additional 11,289 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Quality Systems by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock worth $80,739,000 after purchasing an additional 170,698 shares in the last quarter. FMR LLC bought a new position in shares of Quality Systems in the 2nd quarter worth $20,233,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Quality Systems by 3.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 120,751 shares of the company’s stock worth $2,078,000 after purchasing an additional 3,954 shares in the last quarter. Institutional investors own 67.43% 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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