Quality Systems (NASDAQ:QSII) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday, April 10th.
A number of other brokerages have also issued reports on QSII. Citigroup assumed coverage on shares of Quality Systems in a research report on Thursday, January 4th. They set a “sell” rating and a $13.00 target price on the stock. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray restated a “buy” rating and issued a $17.00 target price on shares of Quality Systems in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.44.
Shares of NASDAQ:QSII opened at $13.89 on Tuesday. 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 has a one year low of $12.24 and a one year high of $17.74. The stock has a market cap of $860.78, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.64 and a beta of 0.66.
Quality Systems (NASDAQ:QSII) last issued its earnings results 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 net margin of 3.39% and a return on equity of 12.08%. The company had revenue of $131.70 million for the quarter, compared to analysts’ expectations of $130.63 million. During the same period in the prior year, the firm earned $0.23 EPS. Quality Systems’s quarterly revenue was up 3.0% compared to the same quarter last year. equities analysts forecast that Quality Systems will post 0.55 EPS for the current fiscal year.
In other news, CFO James Robert Jr. Arnold acquired 40,000 shares of Quality Systems stock in a transaction that occurred on Thursday, March 15th. The stock was purchased at an average cost of $13.10 per share, with a total value of $524,000.00. Following the completion of the acquisition, the chief financial officer now owns 212,156 shares in the company, valued at approximately $2,779,243.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its holdings in shares of Quality Systems by 404.4% in the fourth quarter. LS Investment Advisors LLC now owns 8,777 shares of the company’s stock worth $119,000 after acquiring an additional 7,037 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Quality Systems in the fourth quarter worth $148,000. Millennium Management LLC acquired a new position in Quality Systems in the fourth quarter valued at $160,000. Macquarie Group Ltd. acquired a new position in Quality Systems in the third quarter valued at $220,000. Finally, Teacher Retirement System of Texas acquired a new position in Quality Systems in the fourth quarter valued at $223,000. 71.27% of the stock is owned by institutional investors.
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About Quality Systems
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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