Quality Systems, Inc. (QSII) Stock Rating Lowered by BidaskClub
Quality Systems, Inc. (NASDAQ:QSII) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Leerink Swann reiterated a “market perform” rating and issued a $16.00 price target (up from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. TheStreet lowered shares of Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Jefferies Group LLC reiterated a “hold” rating and issued a $15.50 price target (up from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 price target (up from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Quality Systems presently has a consensus rating of “Hold” and a consensus target price of $14.50.
Shares of Quality Systems (NASDAQ:QSII) opened at 15.36 on Friday. The firm’s 50-day moving average price is $16.48 and its 200-day moving average price is $15.56. The stock has a market capitalization of $973.32 million, a P/E ratio of 42.91 and a beta of 0.89. Quality Systems has a 12 month low of $10.60 and a 12 month high of $17.74.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. On average, equities research analysts forecast that Quality Systems will post $0.67 EPS for the current year.
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In related news, Director Russell Pflueger sold 20,968 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $15.75, for a total transaction of $330,246.00. Following the sale, the director now owns 46,745 shares in the company, valued at $736,233.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.90% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in QSII. Pinebridge Investments L.P. raised its position in shares of Quality Systems by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after buying an additional 86 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Quality Systems by 496.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock worth $134,000 after buying an additional 7,353 shares during the period. Budros Ruhlin & Roe Inc. bought a new position in shares of Quality Systems during the first quarter worth $152,000. State of Alaska Department of Revenue raised its position in shares of Quality Systems by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock worth $157,000 after buying an additional 4,059 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of 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 worth $160,000 after buying an additional 260 shares during the period. Institutional investors own 69.57% 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.
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