Somewhat Critical News Coverage Somewhat Unlikely to Affect Quality Systems (QSII) Stock Price
Headlines about Quality Systems (NASDAQ:QSII) have been trending somewhat negative on Wednesday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Quality Systems earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.9282973027195 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Quality Systems (QSII) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- Quality Systems (QSII) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
- Reviewing Quality Systems (QSII) & TeleTech (TTEC) (americanbankingnews.com)
- Zacks: Analysts Anticipate Quality Systems, Inc. (QSII) Will Post Quarterly Sales of $130.58 Million (americanbankingnews.com)
Shares of Quality Systems (QSII) opened at $13.48 on Wednesday. The firm has a market capitalization of $880.58, a P/E ratio of 31.35, a P/E/G ratio of 3.16 and a beta of 0.83. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Quality Systems has a fifty-two week low of $12.61 and a fifty-two week high of $17.74.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $132.61 million for 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 company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. analysts expect that Quality Systems will post 0.57 earnings per share for the current year.
QSII has been the topic of several recent analyst reports. Royal Bank of Canada initiated coverage on Quality Systems in a research report on Tuesday, September 19th. They set an “underperform” rating and a $12.00 target price on the stock. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Jefferies Group reiterated 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 reiterated a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research report on Tuesday, October 17th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $13.00 target price on shares of Quality Systems in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.81.
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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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