Quality Systems, Inc. (NASDAQ:QSII) – SunTrust Banks dropped their FY2018 earnings per share estimates for shares of Quality Systems in a note issued to investors on Wednesday. SunTrust Banks analyst S. Draper now anticipates that the company will post earnings of $0.57 per share for the year, down from their prior estimate of $0.61. SunTrust Banks also issued estimates for Quality Systems’ Q4 2018 earnings at $0.13 EPS and FY2019 earnings at $0.62 EPS.

Several other research firms have also recently issued reports on QSII. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BidaskClub raised Quality Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Leerink Swann reaffirmed a “market perform” rating and issued a $16.00 price objective (up from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 target price (up from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $15.50 target price (up from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Quality Systems has an average rating of “Hold” and an average target price of $14.50.

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Quality Systems (QSII) traded up 0.20% during midday trading on Monday, hitting $15.32. 78,291 shares of the stock were exchanged. The company’s 50 day moving average is $16.48 and its 200 day moving average is $15.56. Quality Systems has a 1-year low of $10.60 and a 1-year high of $17.74. The company has a market capitalization of $970.78 million, a P/E ratio of 42.79 and a beta of 0.89.

Quality Systems (NASDAQ:QSII) last posted 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. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The company had revenue of $130.90 million for the quarter, compared to the consensus estimate of $126.75 million. During the same period last year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year.

In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of Quality Systems stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $15.75, for a total transaction of $330,246.00. Following the completion of the sale, the director now directly owns 46,745 shares of the company’s stock, valued at approximately $736,233.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.90% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of QSII. Pinebridge Investments L.P. increased 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 during the last quarter. PNC Financial Services Group Inc. increased its stake in Quality Systems by 496.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after buying an additional 7,353 shares during the last quarter. State of Alaska Department of Revenue increased its stake in 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 valued at $157,000 after buying an additional 4,059 shares during the last quarter. Budros Ruhlin & Roe Inc. purchased a new stake in Quality Systems during the first quarter valued at $152,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Quality Systems during the second quarter valued at $173,000. 69.57% 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.

Earnings History and Estimates for Quality Systems (NASDAQ:QSII)

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