Quality Systems, Inc. Expected to Post Q2 2018 Earnings of $0.15 Per Share (QSII)
Quality Systems, Inc. (NASDAQ:QSII) – Equities research analysts at Dougherty & Co issued their Q2 2018 EPS estimates for Quality Systems in a research note issued on Thursday. Dougherty & Co analyst G. Mannheimer anticipates that the company will post earnings of $0.15 per share for the quarter. Dougherty & Co also issued estimates for Quality Systems’ FY2018 earnings at $0.58 EPS.
Quality Systems (NASDAQ:QSII) last posted its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The business had revenue of $130.90 million during the quarter, compared to analyst estimates of $126.75 million. During the same quarter last year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year.
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Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub cut Quality Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Leerink Swann reissued a “market perform” rating and set a $16.00 price objective (up previously from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Jefferies Group LLC reissued a “hold” rating and set a $15.50 price objective (up previously from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $20.00 price objective (up previously from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.50.
Shares of Quality Systems (QSII) opened at 15.78 on Monday. The firm has a market cap of $999.93 million, a price-to-earnings ratio of 44.08 and a beta of 0.89. The firm’s 50-day moving average price is $16.68 and its 200-day moving average price is $15.54. Quality Systems has a 52 week low of $10.60 and a 52 week high of $17.74.
Several institutional investors have recently bought and sold shares of QSII. Oak Associates Ltd. OH boosted its position in Quality Systems by 27.9% in the second quarter. Oak Associates Ltd. OH now owns 96,210 shares of the company’s stock valued at $1,656,000 after buying an additional 20,990 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Quality Systems by 78.1% in the second quarter. Public Employees Retirement System of Ohio now owns 75,913 shares of the company’s stock valued at $1,306,000 after buying an additional 33,287 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Quality Systems during the second quarter valued at about $189,000. Piedmont Investment Advisors LLC purchased a new position in shares of Quality Systems during the second quarter valued at about $173,000. Finally, Sterling Capital Management LLC raised its position in shares of Quality Systems by 10.1% in the second quarter. Sterling Capital Management LLC now owns 54,195 shares of the company’s stock valued at $933,000 after buying an additional 4,984 shares in the last quarter. 66.86% 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.
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