Robert W. Baird reissued their hold rating on shares of Quality Systems, Inc. (NASDAQ:QSII) in a research note released on Tuesday morning. They currently have a $15.00 target price on the stock.

Several other analysts also recently commented on the stock. Royal Bank Of Canada started coverage on shares of Quality Systems in a research report on Tuesday, September 19th. They set an underperform rating and a $12.00 price objective for the company. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Quality Systems in a research report on Friday, September 15th. TheStreet downgraded shares of Quality Systems from a b- rating to a c+ rating in a research report on Friday, August 18th. Cantor Fitzgerald reaffirmed a hold rating and set a $15.00 price objective on shares of Quality Systems in a research report on Thursday, September 14th. Finally, Zacks Investment Research downgraded shares of Quality Systems from a hold rating to a sell rating in a research report on Thursday, August 3rd. Four investment 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 a consensus rating of Hold and a consensus target price of $14.93.

Shares of Quality Systems (NASDAQ QSII) traded up 1.94% on Tuesday, reaching $15.74. 209,744 shares of the company’s stock were exchanged. Quality Systems has a 52-week low of $11.03 and a 52-week high of $17.74. The company’s 50 day moving average price is $15.57 and its 200-day moving average price is $15.66. The stock has a market cap of $997.40 million, a P/E ratio of 43.97 and a beta of 0.87.

Quality Systems (NASDAQ:QSII) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $130.90 million during 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%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Equities analysts forecast that Quality Systems will post $0.68 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of the business. Pinebridge Investments L.P. lifted its stake in Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock valued at $105,000 after acquiring an additional 86 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Quality Systems by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock valued at $325,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its stake in Quality Systems by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 24,206 shares of the company’s stock valued at $417,000 after acquiring an additional 100 shares in the last quarter. LSV Asset Management lifted its stake in Quality Systems by 0.5% during the 2nd quarter. LSV Asset Management now owns 21,600 shares of the company’s stock valued at $371,000 after acquiring an additional 100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Quality Systems by 2.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 69.54% of the company’s stock.

About Quality Systems

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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