Quality Systems (NASDAQ:QSII) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, December 30th.
A number of other analysts have also recently weighed in on the company. Jefferies Group restated a “hold” rating and issued a $14.50 price target on shares of Quality Systems in a research note on Sunday, October 29th. Royal Bank of Canada began coverage on Quality Systems in a research report on Tuesday, September 19th. They set an “underperform” rating and a $12.00 target price on the stock. Oppenheimer restated a “hold” rating on shares of Quality Systems in a research report on Friday, September 15th. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.81.
Quality Systems (NASDAQ QSII) opened at $13.83 on Friday. The company has a market capitalization of $880.58, a price-to-earnings ratio of 18.95, a PEG ratio of 3.16 and a beta of 0.83. 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.
Quality Systems (NASDAQ:QSII) last released its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The firm had revenue of $132.61 million during the quarter, compared to analyst estimates of $130.15 million. During the same period last year, the business posted $0.23 earnings per share. Quality Systems’s revenue was up 4.3% compared to the same quarter last year. equities research analysts predict that Quality Systems will post 0.57 EPS for the current year.
A number of hedge funds have recently bought and sold shares of QSII. FMR LLC purchased a new stake in Quality Systems in the 2nd quarter valued at approximately $20,233,000. Schwab Charles Investment Management Inc. raised its holdings in Quality Systems by 37.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 977,794 shares of the company’s stock valued at $16,828,000 after acquiring an additional 265,798 shares during the last quarter. Koch Industries Inc. acquired a new position in Quality Systems in the 2nd quarter valued at $189,000. Vanguard Group Inc. raised its holdings in Quality Systems by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock valued at $80,739,000 after acquiring an additional 170,698 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Quality Systems by 2.9% in the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after acquiring an additional 166,302 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
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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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