Research analysts at Royal Bank Of Canada assumed coverage on shares of Quality Systems, Inc. (NASDAQ:QSII) in a note issued to investors on Tuesday. The brokerage set an “underperform” rating and a $12.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 18.97% from the stock’s current price.

QSII has been the topic of several other research reports. Piper Jaffray Companies reissued an “overweight” rating and set a $20.00 price target (up previously from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. TheStreet cut shares of Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Quality Systems in a research report on Friday, September 15th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $15.50 price target (up previously from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Quality Systems has an average rating of “Hold” and a consensus target price of $14.38.

Shares of Quality Systems (QSII) opened at 14.81 on Tuesday. The stock has a 50 day moving average of $15.78 and a 200 day moving average of $15.60. Quality Systems has a 12-month low of $10.61 and a 12-month high of $17.74. The company has a market cap of $938.47 million, a price-to-earnings ratio of 41.37 and a beta of 0.89.

Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm 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 company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Equities research analysts predict that Quality Systems will post $0.68 earnings per share for the current fiscal year.

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In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the business’s stock in a transaction dated 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 directly owns 46,745 shares in the company, valued at $736,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of QSII. BlackRock Inc. increased its stake in Quality Systems by 112,064.4% during the first quarter. BlackRock Inc. now owns 5,752,913 shares of the company’s stock worth $87,674,000 after purchasing an additional 5,747,784 shares during the period. FMR LLC purchased a new stake in Quality Systems during the second quarter worth about $20,233,000. Schwab Charles Investment Management Inc. increased its stake in Quality Systems by 84.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 711,996 shares of the company’s stock worth $10,851,000 after purchasing an additional 325,957 shares during the period. Alliancebernstein L.P. increased its stake in Quality Systems by 270.2% during the first quarter. Alliancebernstein L.P. now owns 312,512 shares of the company’s stock worth $4,763,000 after purchasing an additional 228,090 shares during the period. Finally, Koch Industries Inc. purchased a new stake in Quality Systems during the second quarter worth about $189,000. 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.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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