Quality Systems (NASDAQ:QSII) had its price target increased by Piper Jaffray Companies to $26.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray Companies’ price target would suggest a potential upside of 16.33% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. BidaskClub lowered shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Royal Bank of Canada reissued a “sell” rating and set a $17.00 target price on shares of Quality Systems in a research report on Thursday, August 2nd. SunTrust Banks reissued a “hold” rating and set a $20.00 target price on shares of Quality Systems in a research report on Wednesday, August 1st. Finally, Leerink Swann set a $22.00 target price on shares of Quality Systems and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.73.

QSII stock opened at $22.35 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 1.15. Quality Systems has a 1 year low of $12.24 and a 1 year high of $23.73. The firm has a market capitalization of $1.42 billion, a P/E ratio of 39.21, a price-to-earnings-growth ratio of 4.27 and a beta of 0.61.

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

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. increased its holdings in shares of Quality Systems by 61.0% during the 2nd quarter. Macquarie Group Ltd. now owns 6,600 shares of the company’s stock worth $129,000 after purchasing an additional 2,500 shares during the period. Millennium Management LLC bought a new position in shares of Quality Systems during the 4th quarter worth about $160,000. Allianz Asset Management GmbH bought a new position in shares of Quality Systems during the 1st quarter worth about $163,000. Mackay Shields LLC bought a new position in shares of Quality Systems during the 1st quarter worth about $217,000. Finally, Aperio Group LLC bought a new position in shares of Quality Systems during the 2nd quarter worth about $237,000. Institutional investors own 70.30% of the company’s stock.

Quality Systems Company Profile

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.

Further Reading: Leveraged Buyout (LBO)

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Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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