Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Sunday. They presently have a $15.00 target price on the stock. Robert W. Baird’s target price would indicate a potential downside of 5.36% from the company’s previous close.
A number of other brokerages also recently commented on QSII. TheStreet downgraded Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. BidaskClub upgraded Quality Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Leerink Swann reiterated a “market perform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Quality Systems in a research report on Friday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Quality Systems has an average rating of “Hold” and a consensus price target of $14.71.
Quality Systems (NASDAQ QSII) opened at 15.85 on Friday. The firm has a 50 day moving average price of $15.89 and a 200-day moving average price of $15.60. Quality Systems has a 12 month low of $10.61 and a 12 month high of $17.74. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 44.27 and a beta of 0.89.
Quality Systems (NASDAQ:QSII) last released its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same quarter last year, the firm posted $0.15 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Quality Systems will post $0.67 EPS for the current year.
In related news, Director Russell Pflueger sold 20,968 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $15.75, for a total transaction of $330,246.00. Following the completion of the transaction, the director now owns 46,745 shares in the company, valued at approximately $736,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.90% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of QSII. Teachers Advisors LLC lifted its position in shares of Quality Systems by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock worth $1,107,000 after buying an additional 1,917 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Quality Systems by 1.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock worth $287,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Quality Systems by 723.6% during the 1st quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock worth $613,000 after buying an additional 35,363 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Quality Systems by 4.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 63,537 shares of the company’s stock worth $967,000 after buying an additional 2,504 shares during the period. Finally, LSV Asset Management lifted its position in shares of Quality Systems by 230.8% during the 1st quarter. LSV Asset Management now owns 21,500 shares of the company’s stock worth $327,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.
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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