Quality Systems (NASDAQ:QSII) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Monday.
QSII has been the topic of several other reports. Jefferies Group reiterated a “hold” rating and issued a $15.50 price target on shares of Quality Systems in a report on Sunday, October 8th. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price target on shares of Quality Systems in a report on Friday, January 26th. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Cantor Fitzgerald reiterated a “hold” rating and issued a $13.00 price target on shares of Quality Systems in a report on Thursday, October 26th. Finally, Citigroup initiated coverage on Quality Systems in a report on Thursday, January 4th. They issued a “sell” rating and a $13.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.44.
Shares of Quality Systems (NASDAQ:QSII) opened at $12.83 on Monday. The stock has a market capitalization of $823.18, a P/E ratio of 45.82, a PEG ratio of 2.96 and a beta of 0.73. Quality Systems has a one year low of $12.41 and a one year high of $17.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. increased its holdings in Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after purchasing an additional 86 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Quality Systems during the 2nd quarter worth $173,000. Koch Industries Inc. purchased a new position in Quality Systems during the 2nd quarter worth $189,000. Victory Capital Management Inc. purchased a new position in Quality Systems during the 3rd quarter worth $199,000. Finally, Macquarie Group Ltd. purchased a new position in Quality Systems during the 3rd quarter worth $220,000. Institutional investors own 72.00% of the company’s stock.
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About Quality Systems
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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