Quality Systems, Inc. (QSII) Given “Hold” Rating at Oppenheimer Holdings, Inc.
Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating reiterated by research analysts at Oppenheimer Holdings, Inc. in a report issued on Friday.
A number of other equities research analysts have also commented on the stock. BidaskClub upgraded shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. TheStreet downgraded shares of Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Leerink Swann reaffirmed a “market perform” rating and issued a $16.00 target price (up previously from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $20.00 target price (up previously from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Quality Systems presently has a consensus rating of “Hold” and a consensus price target of $14.67.
Quality Systems (NASDAQ:QSII) traded down 2.07% during trading on Friday, hitting $15.65. 193,181 shares of the stock traded hands. Quality Systems has a one year low of $10.61 and a one year high of $17.74. The company’s 50 day moving average is $15.93 and its 200 day moving average is $15.59. The company has a market capitalization of $991.69 million, a P/E ratio of 43.72 and a beta of 0.89.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Quality Systems will post $0.67 EPS for the current fiscal year.
In other news, Director Russell Pflueger sold 20,968 shares of Quality Systems stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $15.75, for a total value of $330,246.00. Following the completion of the transaction, the director now owns 46,745 shares of the company’s stock, valued at approximately $736,233.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 17.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Quality Systems by 2.9% in the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after acquiring an additional 166,302 shares during the period. Vanguard Group Inc. grew its position in shares of Quality Systems by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock valued at $80,739,000 after acquiring an additional 170,698 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Quality Systems by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,053,154 shares of the company’s stock valued at $35,335,000 after acquiring an additional 74,936 shares during the period. State Street Corp grew its position in shares of Quality Systems by 5.4% in the 2nd quarter. State Street Corp now owns 1,187,459 shares of the company’s stock valued at $20,436,000 after acquiring an additional 60,768 shares during the period. Finally, FMR LLC bought a new position in shares of Quality Systems in the 2nd quarter valued at about $20,233,000. 69.57% of the stock is owned by institutional investors.
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.
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