Other analysts have also issued reports about the company. BidaskClub lowered Quality Systems from a strong-buy rating to a buy rating in a research report on Monday, July 31st. TheStreet lowered Quality Systems from a b- rating to a c+ rating in a research report on Friday, August 18th. Robert W. Baird reaffirmed a hold rating and issued a $15.00 target price on shares of Quality Systems in a research report on Tuesday, October 17th. Jefferies Group LLC reaffirmed a hold rating and issued a $15.50 target price on shares of Quality Systems in a research report on Sunday, October 8th. Finally, Cantor Fitzgerald reaffirmed a hold rating and issued a $15.00 target price on shares of Quality Systems in a research report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Quality Systems presently has a consensus rating of Hold and an average target price of $15.08.
Quality Systems (NASDAQ QSII) opened at 14.19 on Friday. The stock’s 50 day moving average price is $15.44 and its 200 day moving average price is $15.70. Quality Systems has a 52-week low of $11.82 and a 52-week high of $17.74. The firm has a market capitalization of $899.18 million, a PE ratio of 39.64 and a beta of 0.87.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business had revenue of $132.61 million during the quarter, compared to analyst estimates of $130.15 million. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Quality Systems will post $0.68 EPS for the current fiscal year.
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In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of Quality Systems stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.90% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Quality Systems by 2.9% during the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after purchasing an additional 166,302 shares during the last quarter. Vanguard Group Inc. boosted its stake in Quality Systems by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock valued at $80,739,000 after purchasing an additional 170,698 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Quality Systems by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,053,154 shares of the company’s stock valued at $35,335,000 after purchasing an additional 74,936 shares during the last quarter. State Street Corp boosted its stake in Quality Systems by 5.4% during the 2nd quarter. State Street Corp now owns 1,187,459 shares of the company’s stock valued at $20,436,000 after purchasing an additional 60,768 shares during the last quarter. Finally, FMR LLC acquired a new position in Quality Systems during the 2nd quarter valued at about $20,233,000. Institutional investors and hedge funds own 69.11% 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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