Shares of Quality Systems, Inc. (NASDAQ:QSII) have received an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.44.
A number of research firms have issued reports on QSII. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. BidaskClub raised shares of Quality Systems from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Piper Jaffray Companies reissued a “buy” rating and set a $17.00 price target on shares of Quality Systems in a research report on Friday, January 26th. Citigroup started coverage on shares of Quality Systems in a research report on Thursday, January 4th. They set a “sell” rating and a $13.00 price target for the company. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $15.00 target price on shares of Quality Systems in a report on Friday, November 17th.
Several large investors have recently bought and sold shares of the company. Prudential Financial Inc. grew its stake in Quality Systems by 8.9% in the 3rd quarter. Prudential Financial Inc. now owns 146,202 shares of the company’s stock valued at $2,299,000 after acquiring an additional 11,965 shares during the period. FMR LLC acquired a new stake in Quality Systems in the 2nd quarter valued at $20,233,000. First Trust Advisors LP acquired a new stake in Quality Systems in the 3rd quarter valued at $278,000. Arrowstreet Capital Limited Partnership acquired a new stake in Quality Systems in the 2nd quarter valued at $967,000. Finally, BlackRock Inc. grew its stake in Quality Systems by 2.9% in the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after acquiring an additional 166,302 shares during the period. 67.43% of the stock is owned by hedge funds and other institutional investors.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. Quality Systems had a net margin of 3.39% and a return on equity of 12.08%. The company had revenue of $131.70 million during the quarter, compared to analyst estimates of $130.63 million. During the same period last year, the firm posted $0.23 EPS. Quality Systems’s revenue for the quarter was up 3.0% compared to the same quarter last year. equities research analysts anticipate that Quality Systems will post 0.56 EPS for the current fiscal year.
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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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