Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating restated by analysts at Oppenheimer Holdings, Inc. in a report released on Friday.
A number of other analysts have also commented on QSII. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Leerink Swann reiterated a “market perform” rating and set a $16.00 price target (up from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. BidaskClub upgraded Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Piper Jaffray Companies reiterated an “overweight” rating and set a $20.00 price target (up from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $15.50 price target (up from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.67.
Shares of Quality Systems (NASDAQ QSII) opened at 15.85 on Friday. Quality Systems has a 1-year low of $10.61 and a 1-year high of $17.74. The company has a 50-day moving average price of $15.89 and a 200-day moving average price of $15.60. The company has a market cap of $1.00 billion, a PE ratio of 44.27 and a beta of 0.89.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. Quality Systems’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. Equities research analysts expect that Quality Systems will post $0.67 earnings per share for the current fiscal year.
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In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $15.75, for a total value of $330,246.00. Following the sale, the director now directly owns 46,745 shares in the company, valued at $736,233.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 17.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in QSII. Pinebridge Investments L.P. raised its stake in shares of Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock valued at $105,000 after purchasing an additional 86 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Quality Systems by 496.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after purchasing an additional 7,353 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Quality Systems by 79.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after purchasing an additional 4,059 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Quality Systems by 2.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after purchasing an additional 260 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Quality Systems by 9.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock valued at $163,000 after purchasing an additional 952 shares during the period. Institutional investors 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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