Quality Systems, Inc. (NASDAQ:QSII) – Research analysts at Dougherty & Co issued their Q3 2018 EPS estimates for shares of Quality Systems in a note issued to investors on Monday. Dougherty & Co analyst G. Mannheimer anticipates that the company will post earnings of $0.13 per share for the quarter.
Other analysts have also recently issued reports about the company. BidaskClub cut Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Jefferies Group LLC reissued a “hold” rating and issued a $15.50 price target on shares of Quality Systems in a report on Sunday, October 8th. Robert W. Baird reissued a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a report on Sunday, September 17th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.08.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. The business had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in QSII. BlackRock Inc. increased its position in Quality Systems by 112,064.4% during the first quarter. BlackRock Inc. now owns 5,752,913 shares of the company’s stock worth $87,674,000 after buying an additional 5,747,784 shares in the last quarter. FMR LLC purchased a new position in Quality Systems during the second quarter worth $20,233,000. Schwab Charles Investment Management Inc. increased its position in Quality Systems by 84.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 711,996 shares of the company’s stock worth $10,851,000 after buying an additional 325,957 shares in the last quarter. Koch Industries Inc. purchased a new position in Quality Systems during the second quarter worth $189,000. Finally, Vanguard Group Inc. increased its position in Quality Systems by 3.8% during the second quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock worth $80,739,000 after buying an additional 170,698 shares in the last quarter. 69.11% of the stock is owned by institutional investors.
In related news, Director Russell Pflueger sold 20,968 shares of Quality Systems stock in a transaction on 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 directly owns 46,745 shares of the company’s stock, valued at $736,233.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 17.90% 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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