Quality Systems, Inc. (QSII) Receives $14.44 Consensus Target Price from Analysts

Quality Systems, Inc. (NASDAQ:QSII) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.44.

QSII has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $17.00 price objective on shares of Quality Systems in a research note on Friday, January 26th. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Jefferies Group restated a “hold” rating and set a $14.50 price objective on shares of Quality Systems in a research note on Sunday, October 29th. BidaskClub lowered Quality Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $13.00 target price on shares of Quality Systems in a research report on Thursday, October 26th.

Shares of Quality Systems (NASDAQ QSII) traded down $0.12 during midday trading on Wednesday, hitting $12.69. The company had a trading volume of 206,275 shares, compared to its average volume of 363,243. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12. The stock has a market cap of $800.96, a PE ratio of 42.30, a P/E/G ratio of 2.93 and a beta of 0.73. Quality Systems has a 1 year low of $12.25 and a 1 year high of $17.74.

Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $130.63 million. Quality Systems had a return on equity of 12.08% and a net margin of 3.39%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. analysts predict that Quality Systems will post 0.56 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its holdings in shares of Quality Systems by 9.7% in the second quarter. Teachers Advisors LLC now owns 96,158 shares of the company’s stock valued at $1,655,000 after purchasing an additional 8,489 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Quality Systems by 19.4% in the second quarter. TIAA CREF Investment Management LLC now owns 236,600 shares of the company’s stock valued at $4,072,000 after purchasing an additional 38,496 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Quality Systems by 11.2% in the second quarter. Ameriprise Financial Inc. now owns 287,709 shares of the company’s stock valued at $4,954,000 after purchasing an additional 29,069 shares during the period. BlackRock Inc. increased its holdings in shares of Quality Systems by 2.9% in the second quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after purchasing an additional 166,302 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Quality Systems by 8.3% in the second quarter. Thrivent Financial For Lutherans now owns 28,070 shares of the company’s stock valued at $483,000 after purchasing an additional 2,150 shares during the period. 71.80% of the stock is currently owned by institutional investors.

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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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