Quality Systems Inc. (QSII) Given Average Recommendation of “Hold” by Brokerages
Quality Systems Inc. (NASDAQ:QSII) has received a consensus rating of “Hold” from the nineteen analysts that are covering the stock. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.71.
Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 target price (down from $15.00) on shares of Quality Systems in a research report on Tuesday, August 2nd. FBR & Co reaffirmed a “hold” rating on shares of Quality Systems in a research report on Monday, August 1st. JPMorgan Chase & Co. dropped their target price on Quality Systems from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Finally, KeyCorp reaffirmed a “sell” rating and issued a $11.00 target price on shares of Quality Systems in a research report on Friday, July 29th.
A number of large investors have recently modified their holdings of QSII. BlackRock Fund Advisors boosted its stake in shares of Quality Systems by 3.8% in the second quarter. BlackRock Fund Advisors now owns 3,011,204 shares of the company’s stock worth $35,863,000 after buying an additional 109,154 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Quality Systems by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,907,078 shares of the company’s stock valued at $22,713,000 after buying an additional 50,665 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Quality Systems by 8.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,267,498 shares of the company’s stock valued at $15,096,000 after buying an additional 100,186 shares during the period. United Services Automobile Association boosted its stake in Quality Systems by 29.7% in the second quarter. United Services Automobile Association now owns 812,000 shares of the company’s stock valued at $9,671,000 after buying an additional 186,000 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Quality Systems by 14.2% in the first quarter. Prudential Financial Inc. now owns 606,507 shares of the company’s stock valued at $9,243,000 after buying an additional 75,507 shares during the period. Institutional investors own 70.17% of the company’s stock.
Shares of Quality Systems (NASDAQ:QSII) traded down 0.91% during trading on Tuesday, hitting $10.92. 136,168 shares of the company traded hands. The stock’s market capitalization is $671.65 million. The company has a 50-day moving average of $11.49 and a 200-day moving average of $12.72. Quality Systems has a 52-week low of $10.61 and a 52-week high of $17.50.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.03. The company earned $122.20 million during the quarter, compared to analysts’ expectations of $126.30 million. Quality Systems had a negative net margin of 0.27% and a positive return on equity of 14.81%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Equities analysts expect that Quality Systems will post $0.76 EPS for the current year.
Quality Systems Company Profile
Quality Systems, Inc is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI).
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