Quality Systems, Inc. (QSII) Receives “Hold” Rating from Jefferies Group LLC
Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a note issued to investors on Wednesday. They currently have a $15.50 price objective on the stock, up from their previous price objective of $13.00. Jefferies Group LLC’s price objective indicates a potential downside of 3.91% from the stock’s current price. Jefferies Group also issued estimates for Quality Systems’ Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.15 EPS.
A number of other equities analysts have also recently commented on QSII. Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Leerink Swann reissued a “market perform” rating and issued a $16.00 price target (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. BidaskClub raised shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $20.00 price target (up previously from $16.00) on shares of Quality Systems in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.50.
Shares of Quality Systems (QSII) traded up 1.83% during mid-day trading on Wednesday, hitting $16.13. 304,290 shares of the company traded hands. The stock has a market capitalization of $1.02 billion, a PE ratio of 45.06 and a beta of 0.89. Quality Systems has a 1-year low of $10.60 and a 1-year high of $17.74. The firm’s 50 day moving average price is $17.11 and its 200-day moving average price is $15.39.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. On average, equities research analysts forecast that Quality Systems will post $0.68 EPS for the current year.
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A number of large investors have recently bought and sold shares of QSII. LSV Asset Management raised its stake in Quality Systems by 230.8% in the first quarter. LSV Asset Management now owns 21,500 shares of the company’s stock valued at $327,000 after buying an additional 15,000 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Quality Systems by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 63,537 shares of the company’s stock valued at $967,000 after buying an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Quality Systems by 723.6% in the first quarter. Russell Investments Group Ltd. now owns 40,250 shares of the company’s stock valued at $613,000 after buying an additional 35,363 shares during the last quarter. Malaga Cove Capital LLC acquired a new stake in Quality Systems during the first quarter valued at approximately $520,000. Finally, Acadian Asset Management LLC raised its stake in Quality Systems by 96.1% in the first quarter. Acadian Asset Management LLC now owns 434,483 shares of the company’s stock valued at $6,622,000 after buying an additional 212,928 shares during the last quarter. 66.20% of the stock is currently 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.
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