Quality Systems, Inc. (NASDAQ:QSII) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.44.
Several brokerages recently issued reports on QSII. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Monday, February 12th. BidaskClub upgraded shares of Quality Systems from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Piper Jaffray Companies restated a “buy” rating and issued a $17.00 price objective on shares of Quality Systems in a report on Friday, January 26th. Citigroup began coverage on shares of Quality Systems in a report on Thursday, January 4th. They issued a “sell” rating and a $13.00 price objective on the stock. Finally, SunTrust Banks restated a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a report on Friday, November 17th.
A number of large investors have recently modified their holdings of QSII. LS Investment Advisors LLC increased its stake in Quality Systems by 404.4% during the fourth quarter. LS Investment Advisors LLC now owns 8,777 shares of the company’s stock worth $119,000 after purchasing an additional 7,037 shares during the period. Koch Industries Inc. acquired a new position in shares of Quality Systems during the fourth quarter worth about $148,000. Millennium Management LLC acquired a new position in shares of Quality Systems during the fourth quarter worth about $160,000. Piedmont Investment Advisors LLC acquired a new position in shares of Quality Systems during the second quarter worth about $173,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Quality Systems during the third quarter worth about $199,000. Institutional investors own 67.43% of the company’s stock.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $131.70 million for the quarter, compared to analyst estimates of $130.63 million. Quality Systems had a net margin of 3.39% and a return on equity of 12.08%. Quality Systems’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. analysts expect that Quality Systems will post 0.56 EPS for the current fiscal year.
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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