Robert W. Baird reiterated their hold rating on shares of Quality Systems, Inc. (NASDAQ:QSII) in a research note released on Sunday morning. Robert W. Baird currently has a $15.00 price objective on the stock.
A number of other brokerages have also recently weighed in on QSII. TheStreet cut shares of Quality Systems from a b- rating to a c+ rating in a research note on Friday, August 18th. BidaskClub upgraded shares of Quality Systems from a buy rating to a strong-buy rating in a research note on Tuesday, June 13th. Leerink Swann restated a market perform rating and issued a $16.00 price objective (up from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. Oppenheimer Holdings, Inc. restated a hold rating on shares of Quality Systems in a research note on Friday, September 15th. Finally, Piper Jaffray Companies restated an overweight rating and issued a $20.00 price objective (up from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $14.38.
Shares of Quality Systems (NASDAQ:QSII) opened at 14.81 on Friday. Quality Systems has a 12-month low of $10.61 and a 12-month high of $17.74. The company’s 50-day moving average is $15.78 and its 200-day moving average is $15.60. The firm has a market capitalization of $938.47 million, a price-to-earnings ratio of 41.37 and a beta of 0.89.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The business had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $126.75 million. During the same period in the previous year, the company earned $0.15 earnings per share. Quality Systems’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Quality Systems will post $0.68 earnings per share for the current fiscal year.
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In related news, Director Russell Pflueger sold 20,968 shares of the company’s stock in a transaction on Friday, August 18th. The shares were 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 directly owns 46,745 shares in the company, valued at approximately $736,233.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 17.90% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in QSII. Teachers Advisors LLC raised its stake in Quality Systems by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock valued at $1,107,000 after purchasing an additional 1,917 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Quality Systems by 1.6% in the 1st 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 during the period. Russell Investments Group Ltd. increased its holdings in Quality Systems by 723.6% in the 1st quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock valued at $613,000 after buying an additional 35,363 shares during the period. Great West Life Assurance Co. Can increased its holdings in Quality Systems by 4.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 63,537 shares of the company’s stock valued at $967,000 after buying an additional 2,504 shares during the period. Finally, LSV Asset Management increased its holdings in Quality Systems by 230.8% in the 1st quarter. LSV Asset Management now owns 21,500 shares of the company’s stock valued at $327,000 after buying an additional 15,000 shares during the period. Hedge funds and other 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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