Quality Systems, Inc. (QSII) Given “Hold” Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their hold rating on shares of Quality Systems, Inc. (NASDAQ:QSII) in a research report released on Friday morning. SunTrust Banks, Inc. currently has a $15.00 price objective on the stock.

Several other research firms also recently issued reports on QSII. Cantor Fitzgerald reaffirmed a hold rating and set a $13.00 price objective on shares of Quality Systems in a report on Thursday, October 26th. TheStreet downgraded shares of Quality Systems from a b- rating to a c+ rating in a report on Friday, August 18th. Jefferies Group LLC reaffirmed a hold rating and set a $15.50 price objective on shares of Quality Systems in a report on Sunday, October 8th. Robert W. Baird reaffirmed a hold rating and set a $15.00 price objective on shares of Quality Systems in a report on Tuesday, October 17th. Finally, BidaskClub downgraded shares of Quality Systems from a buy rating to a hold rating in a report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $15.07.

Quality Systems (NASDAQ:QSII) traded down $0.12 on Friday, reaching $13.66. 265,439 shares of the company’s stock traded hands, compared to its average volume of 320,165. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $877.39, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82. 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 posted its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The business had revenue of $132.61 million for the quarter, compared to the consensus estimate of $130.15 million. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. sell-side analysts expect that Quality Systems will post 0.57 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of QSII. Pinebridge Investments L.P. increased its position in Quality Systems by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after purchasing an additional 86 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Quality Systems by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock worth $325,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System increased its position in Quality Systems by 0.4% during the second quarter. Arizona State Retirement System now owns 24,206 shares of the company’s stock worth $417,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management increased its position in Quality Systems by 0.5% during the second quarter. LSV Asset Management now owns 21,600 shares of the company’s stock worth $371,000 after purchasing an additional 100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Quality Systems by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 40,466 shares of the company’s stock worth $696,000 after purchasing an additional 366 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

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.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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