Quality Systems, Inc. (NASDAQ:QSII) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.93.

Several brokerages have issued reports on QSII. Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Cantor Fitzgerald reiterated a “hold” rating and set a $15.00 target price on shares of Quality Systems in a report on Thursday, September 14th. Royal Bank Of Canada began coverage on shares of Quality Systems in a report on Tuesday, September 19th. They set an “underperform” rating and a $12.00 target price on the stock. Robert W. Baird reiterated a “hold” rating and set a $15.00 target price on shares of Quality Systems in a report on Sunday, September 17th. Finally, KeyCorp reiterated a “sell” rating on shares of Quality Systems in a report on Sunday, September 17th.

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In other news, Director Russell Pflueger sold 20,968 shares of the firm’s 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 sale, the director now directly owns 46,745 shares in the company, valued at approximately $736,233.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.90% of the stock is currently owned by company insiders.

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

Shares of Quality Systems (QSII) traded up 1.49% on Thursday, reaching $15.62. 84,874 shares of the company were exchanged. The company has a market capitalization of $989.79 million, a price-to-earnings ratio of 43.63 and a beta of 0.87. The company’s 50-day moving average is $15.54 and its 200-day moving average is $15.65. Quality Systems has a 52 week low of $10.97 and a 52 week high of $17.74.

Quality Systems (NASDAQ:QSII) last issued its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The company had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $126.75 million. During the same period in the prior year, the business earned $0.15 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that Quality Systems will post $0.68 EPS for the current fiscal year.

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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