Quality Systems (NASDAQ:QSII) has been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.44.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Quality Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Piper Jaffray reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Quality Systems in a research report on Friday, January 26th. BidaskClub raised Quality Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Citigroup assumed coverage on Quality Systems in a research report on Thursday, January 4th. They issued a “sell” rating and a $13.00 price objective for the company.
QSII opened at $14.28 on Thursday. Quality Systems has a 12-month low of $12.24 and a 12-month high of $17.74. The company has a market capitalization of $909.84, a PE ratio of 23.41, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12.
Quality Systems (NASDAQ:QSII) last released 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 12.08% 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 period last year, the firm posted $0.23 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. equities research analysts anticipate that Quality Systems will post 0.56 earnings per share for the current fiscal year.
In other news, CFO James Robert Jr. Arnold purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average cost of $13.10 per share, with a total value of $524,000.00. Following the acquisition, the chief financial officer now owns 212,156 shares in the company, valued at approximately $2,779,243.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 17.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in QSII. First Trust Advisors LP acquired a new stake in Quality Systems during the 3rd quarter worth approximately $278,000. BNP Paribas Arbitrage SA lifted its holdings in Quality Systems by 50.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 28,237 shares of the company’s stock worth $444,000 after purchasing an additional 9,512 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Quality Systems by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 17,410 shares of the company’s stock valued at $274,000 after acquiring an additional 6,510 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Quality Systems by 32.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,500 shares of the company’s stock valued at $904,000 after acquiring an additional 14,126 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Quality Systems in the 3rd quarter valued at $483,000. 71.04% of the stock is owned by institutional investors and hedge funds.
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Quality Systems Company Profile
Quality Systems, Inc, together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations.
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