Shares of Quality Systems, Inc. (NASDAQ:QSII) have been given an average rating of “Hold” by the seventeen ratings firms that are currently covering the firm. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.00.
Several brokerages recently issued reports on QSII. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Monday, January 30th. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Quality Systems in a report on Wednesday, March 29th. Cantor Fitzgerald began coverage on shares of Quality Systems in a report on Thursday, January 5th. They set a “neutral” rating and a $14.00 price target on the stock. Finally, TheStreet raised shares of Quality Systems from a “c” rating to a “b-” rating in a report on Thursday, January 26th.
Large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Quality Systems by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock valued at $287,000 after buying an additional 300 shares in the last quarter. Foundry Partners LLC acquired a new stake in Quality Systems during the first quarter valued at approximately $3,706,000. Teachers Advisors LLC increased its stake in Quality Systems by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock valued at $1,107,000 after buying an additional 1,917 shares in the last quarter. Norges Bank acquired a new stake in Quality Systems during the fourth quarter valued at approximately $21,827,000. Finally, Thrivent Financial for Lutherans increased its stake in Quality Systems by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,930 shares of the company’s stock valued at $328,000 after buying an additional 1,720 shares in the last quarter. Institutional investors and hedge funds own 62.47% of the company’s stock.
Quality Systems (NASDAQ:QSII) traded up 0.50% during trading on Tuesday, reaching $13.98. 252,610 shares of the company’s stock were exchanged. The firm’s market cap is $872.87 million. The stock’s 50 day moving average price is $14.74 and its 200 day moving average price is $13.84. Quality Systems has a 52-week low of $10.60 and a 52-week high of $15.90.
Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $127.90 million for the quarter, compared to analyst estimates of $125.48 million. Quality Systems had a negative net margin of 0.49% and a positive return on equity of 16.27%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Equities research analysts anticipate that Quality Systems will post $0.81 EPS for the current fiscal year.
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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