Equities research analysts at Sterne Agee started coverage on shares of Quality Systems (NASDAQ: QSII) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
The analysts wrote, “While we acknowledge the deep discount at which QSII shares trade relative to the HCIT peer group, we currently feel that a ‘value trap’ exists. Until we can ascertain some improvement in the NextGen Ambulatory segment, we cannot advise investors to accumulate QSII shares. Re-initiate coverage with Neutral rating and $19 price target.”
QSII has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Quality Systems in a research note to investors on Monday, May 27th. They now have a $19.00 price target on the stock. Analysts at B. Riley initiated coverage on shares of Quality Systems in a research note to investors on Thursday, March 28th. They set a “buy” rating on the stock.
Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.31.
Shares of Quality Systems (NASDAQ: QSII) traded up 0.65% during mid-day trading on Tuesday, hitting $17.92. Quality Systems has a one year low of $15.04 and a one year high of $39.16. The stock’s 50-day moving average is currently $18.10. The company has a market cap of $1.067 billion and a P/E ratio of 24.76.
Quality Systems (NASDAQ: QSII) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.07. The company had revenue of $111.30 million for the quarter, compared to the consensus estimate of $117.31 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Quality Systems will post $0.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 5th. Shareholders of record on Friday, June 14th will be given a dividend of $0.18 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, June 12th.
Quality Systems, Inc. develops and markets healthcare information systems that automate certain aspects of physician, inpatient and dental practices, networks of practices, such as physician hospital organizations (NASDAQ: QSII) and management service organizations (MSOs), ambulatory care centers, community health centers, Federal Qualified Health Centers (FQHC) and medical and dental schools.