BidaskClub lowered shares of Quality Systems (NASDAQ:QSII) from a strong-buy rating to a buy rating in a report published on Friday morning.

A number of other research analysts have also recently commented on QSII. Zacks Investment Research cut shares of Quality Systems from a hold rating to a sell rating in a report on Tuesday, June 26th. Cantor Fitzgerald restated a buy rating and issued a $23.00 price target (up from $21.00) on shares of Quality Systems in a report on Thursday, June 21st. ValuEngine upgraded shares of Quality Systems from a hold rating to a buy rating in a report on Friday, June 15th. Jefferies Financial Group set a $19.00 price target on shares of Quality Systems and gave the stock a hold rating in a report on Tuesday, July 31st. Finally, KeyCorp increased their target price on shares of Quality Systems from $12.00 to $17.00 and gave the stock an underweight rating in a report on Wednesday, August 1st. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $18.73.

Shares of NASDAQ QSII traded up $0.16 during mid-day trading on Friday, reaching $22.35. The company had a trading volume of 297,838 shares, compared to its average volume of 167,818. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.42 billion, a PE ratio of 39.21, a PEG ratio of 4.27 and a beta of 0.61. Quality Systems has a 52 week low of $12.24 and a 52 week high of $23.73.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. The firm had revenue of $133.20 million for the quarter, compared to analysts’ expectations of $132.71 million. Quality Systems had a net margin of 0.22% and a return on equity of 10.69%. sell-side analysts forecast that Quality Systems will post 0.6 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Matarin Capital Management LLC bought a new position in Quality Systems during the 1st quarter worth about $7,071,000. Prudential Financial Inc. lifted its position in shares of Quality Systems by 25.5% during the first quarter. Prudential Financial Inc. now owns 264,417 shares of the company’s stock valued at $3,609,000 after buying an additional 53,770 shares during the last quarter. Investment Counselors of Maryland LLC lifted its position in shares of Quality Systems by 35.8% during the second quarter. Investment Counselors of Maryland LLC now owns 1,241,923 shares of the company’s stock valued at $24,217,000 after buying an additional 327,199 shares during the last quarter. Mackay Shields LLC purchased a new stake in shares of Quality Systems during the first quarter valued at about $217,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Quality Systems by 493.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,275 shares of the company’s stock valued at $1,604,000 after buying an additional 68,400 shares during the last quarter. Institutional investors own 70.30% of the company’s stock.

About Quality Systems

Quality Systems, Inc provides software, services, and analytics solutions to medical and dental group practices in the United States. The company's principal products include NextGen Enterprise EHR, an electronic health records solution, which stores and maintains clinical patient information; and offers a workflow module, prescription management, automatic document and letter generation, patient education, referral tracking, interfaces to billing and lab systems, physician alerts and reminders, and reporting and data analysis tools.

Featured Article: Penny Stocks, What You Need To Know

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

Receive News & Ratings for Quality Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quality Systems and related companies with MarketBeat.com's FREE daily email newsletter.