Quality Systems, Inc. (NASDAQ:QSII) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Friday.

A number of other research firms also recently weighed in on QSII. BidaskClub upgraded shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Leerink Swann restated a “market perform” rating and set a $16.00 price target (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Piper Jaffray Companies restated an “overweight” rating and set a $20.00 price target (up previously from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. Jefferies Group LLC restated a “hold” rating and set a $15.50 price target (up previously from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Monday, May 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Shares of Quality Systems (NASDAQ:QSII) opened at 15.69 on Friday. Quality Systems has a 12 month low of $10.60 and a 12 month high of $17.74. The company’s 50-day moving average is $16.64 and its 200-day moving average is $15.55. The stock has a market capitalization of $994.23 million, a PE ratio of 43.83 and a beta of 0.89.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. Quality Systems’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. Equities research analysts expect that Quality Systems will post $0.67 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Quality Systems, Inc. (QSII) Stock Rating Lowered by TheStreet” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/22/quality-systems-inc-qsii-stock-rating-lowered-by-thestreet.html.

A number of hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. raised its stake in Quality Systems by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock valued at $105,000 after buying an additional 86 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Quality Systems by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock valued at $325,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in Quality Systems by 0.4% in the second quarter. Arizona State Retirement System now owns 24,206 shares of the company’s stock valued at $417,000 after buying an additional 100 shares in the last quarter. LSV Asset Management raised its stake in Quality Systems by 0.5% in the second quarter. LSV Asset Management now owns 21,600 shares of the company’s stock valued at $371,000 after buying an additional 100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Quality Systems by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after buying an additional 260 shares in the last quarter. Institutional investors own 66.86% of the company’s stock.

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.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

Receive News & Stock Ratings for Quality Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quality Systems Inc. and related stocks with our FREE daily email newsletter.