SunTrust Banks, Inc. Reaffirms “Hold” Rating for Quality Systems, Inc. (QSII)
SunTrust Banks, Inc. reissued their hold rating on shares of Quality Systems, Inc. (NASDAQ:QSII) in a research note published on Friday morning. SunTrust Banks, Inc. currently has a $15.00 price objective on the stock.
Several other equities research analysts have also weighed in on QSII. Cantor Fitzgerald reissued a hold rating and set a $13.00 target price on shares of Quality Systems in a research report on Thursday, October 26th. TheStreet lowered Quality Systems from a b- rating to a c+ rating in a research report on Friday, August 18th. Jefferies Group LLC reissued a hold rating and set a $15.50 target price on shares of Quality Systems in a research report on Sunday, October 8th. Robert W. Baird reissued a hold rating and set a $15.00 target price on shares of Quality Systems in a research report on Tuesday, October 17th. Finally, BidaskClub lowered Quality Systems from a buy rating to a hold rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Quality Systems presently has an average rating of Hold and a consensus target price of $15.07.
Quality Systems (QSII) opened at $13.66 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.22. The stock has a market capitalization of $869.75, a PE ratio of 18.71, a PEG ratio of 3.12 and a beta of 0.82. Quality Systems has a 52 week low of $12.61 and a 52 week high of $17.74.
Quality Systems (NASDAQ:QSII) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. sell-side analysts expect that Quality Systems will post 0.57 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in QSII. Pinebridge Investments L.P. increased its position in Quality Systems by 1.4% during 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. increased its holdings 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 valued at $134,000 after purchasing an additional 7,353 shares during the period. State of Alaska Department of Revenue increased its holdings 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 valued at $157,000 after purchasing an additional 4,059 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Quality Systems in the second quarter valued at approximately $173,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Quality Systems by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock valued at $188,000 after buying an additional 400 shares in the last quarter. 70.39% of the stock is currently owned by institutional investors.
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.
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