Quality Systems Inc. (NASDAQ:QSII) was downgraded by equities research analysts at Citigroup Inc. to a “market perform” rating in a research note issued to investors on Tuesday.

Other equities analysts also recently issued reports about the stock. Jefferies Group reaffirmed a “hold” rating and set a $13.00 price objective (down from $15.00) on shares of Quality Systems in a report on Tuesday, August 2nd. FBR & Co reiterated a “hold” rating on shares of Quality Systems in a research report on Monday, August 1st. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Quality Systems in a research report on Thursday, October 27th. Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. cut shares of Quality Systems from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $13.00 to $11.00 in a research report on Friday, October 28th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.79.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

Shares of Quality Systems (NASDAQ:QSII) opened at 13.12 on Tuesday. The firm has a 50-day moving average of $12.73 and a 200 day moving average of $12.31. Quality Systems has a 52-week low of $10.60 and a 52-week high of $17.50. The stock’s market capitalization is $814.67 million.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business had revenue of $127.20 million for the quarter, compared to the consensus estimate of $124.85 million. Quality Systems had a negative net margin of 1.15% and a positive return on equity of 15.11%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Quality Systems will post $0.78 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC acquired a new position in Quality Systems during the second quarter valued at approximately $104,000. Municipal Employees Retirement System of Michigan raised its position in Quality Systems by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,040 shares of the company’s stock valued at $114,000 after buying an additional 170 shares during the last quarter. CSS LLC IL acquired a new position in Quality Systems during the third quarter valued at approximately $115,000. Profund Advisors LLC acquired a new position in Quality Systems during the second quarter valued at approximately $122,000. Finally, KCG Holdings Inc. acquired a new position in Quality Systems during the second quarter valued at approximately $126,000. 66.23% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:QSII

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