Quality Systems (NASDAQ:QSII) Lifted to Strong-Buy at BidaskClub

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Quality Systems (NASDAQ:QSII) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Thursday, May 31st.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Quality Systems from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, May 30th. ValuEngine upgraded Quality Systems from a “hold” rating to a “buy” rating in a research note on Saturday, May 26th. Piper Jaffray Companies raised their price target on Quality Systems to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 25th. Cantor Fitzgerald upgraded Quality Systems from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a research note on Wednesday, May 30th. Finally, JPMorgan Chase & Co. initiated coverage on Quality Systems in a research note on Tuesday, April 24th. They issued an “underweight” rating and a $15.00 price target for the company. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.50.

Quality Systems traded down $0.11, reaching $20.14, during midday trading on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 440,767 shares, compared to its average volume of 584,814. Quality Systems has a 1-year low of $12.24 and a 1-year high of $20.60. The firm has a market cap of $1.29 billion, a PE ratio of 35.33, a P/E/G ratio of 4.13 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05.

Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, May 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The business had revenue of $135.80 million for the quarter, compared to analyst estimates of $131.95 million. Quality Systems had a return on equity of 10.88% and a net margin of 0.46%. Quality Systems’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS. equities research analysts predict that Quality Systems will post 0.6 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of Quality Systems by 7.4% during the 4th quarter. Swiss National Bank now owns 81,000 shares of the company’s stock worth $1,100,000 after acquiring an additional 5,600 shares during the period. Deutsche Bank AG boosted its stake in shares of Quality Systems by 38.3% during the 4th quarter. Deutsche Bank AG now owns 418,394 shares of the company’s stock worth $5,680,000 after acquiring an additional 115,945 shares during the period. Ramsey Quantitative Systems bought a new position in shares of Quality Systems during the 4th quarter worth approximately $234,000. Koch Industries Inc. bought a new position in shares of Quality Systems during the 4th quarter worth approximately $148,000. Finally, AXA boosted its stake in shares of Quality Systems by 138.2% during the 4th quarter. AXA now owns 351,800 shares of the company’s stock worth $4,777,000 after acquiring an additional 204,100 shares during the period. Institutional investors own 70.24% of the company’s stock.

Quality Systems Company Profile

Quality Systems, Inc, together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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