Quality Systems (QSII) Lifted to Sell at BidaskClub
BidaskClub upgraded shares of Quality Systems (NASDAQ:QSII) from a strong sell rating to a sell rating in a research report report published on Wednesday.
Several other analysts have also recently weighed in on QSII. SunTrust Banks reaffirmed a hold rating and set a $15.00 price objective on shares of Quality Systems in a research note on Friday, November 17th. Zacks Investment Research cut shares of Quality Systems from a hold rating to a sell rating in a research note on Tuesday, December 26th. Citigroup initiated coverage on shares of Quality Systems in a research note on Thursday, January 4th. They set a sell rating and a $13.00 price objective on the stock. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $17.00 price objective on shares of Quality Systems in a research note on Friday, January 26th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.44.
Quality Systems (NASDAQ QSII) traded up $0.41 during midday trading on Wednesday, reaching $13.66. 363,427 shares of the company were exchanged, compared to its average volume of 228,694. The company has a market capitalization of $870.33, a PE ratio of 22.39, a P/E/G ratio of 3.13 and a beta of 0.73. Quality Systems has a twelve month low of $12.24 and a twelve month high of $17.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.19.
Institutional investors have recently modified their holdings of the business. LS Investment Advisors LLC grew its stake in shares of Quality Systems by 404.4% during the fourth quarter. LS Investment Advisors LLC now owns 8,777 shares of the company’s stock valued at $119,000 after purchasing an additional 7,037 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Quality Systems during the fourth quarter valued at approximately $148,000. Millennium Management LLC bought a new stake in shares of Quality Systems during the fourth quarter valued at approximately $160,000. Victory Capital Management Inc. bought a new stake in shares of Quality Systems during the third quarter valued at approximately $199,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Quality Systems during the third quarter valued at approximately $220,000. 66.71% of the stock is currently owned by hedge funds and other institutional investors.
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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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