Quality Systems (QSII) Lowered to “Sell” at BidaskClub

BidaskClub downgraded shares of Quality Systems (NASDAQ:QSII) from a hold rating to a sell rating in a research note released on Tuesday.

QSII has been the topic of several other research reports. Cantor Fitzgerald reaffirmed a hold rating and set a $15.00 target price on shares of Quality Systems in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Quality Systems from a hold rating to a sell rating in a research note on Wednesday, September 20th. Royal Bank Of Canada assumed coverage on shares of Quality Systems in a research note on Tuesday, September 19th. They set an underperform rating and a $12.00 target price on the stock. Robert W. Baird reaffirmed a hold rating and set a $15.00 target price on shares of Quality Systems in a research note on Sunday, September 17th. Finally, KeyCorp reaffirmed a sell rating on shares of Quality Systems in a research note on Sunday, September 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $15.07.

Shares of Quality Systems (NASDAQ QSII) opened at $13.98 on Tuesday. The company has a market cap of $915.60, a price-to-earnings ratio of 19.70, a P/E/G ratio of 3.29 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 1-year low of $12.61 and a 1-year high of $17.74.

Quality Systems (NASDAQ:QSII) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The company had revenue of $132.61 million during the quarter, compared to analyst estimates of $130.15 million. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. analysts expect that Quality Systems will post 0.57 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Quality Systems by 2.9% during the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after acquiring an additional 166,302 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Quality Systems by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock valued at $80,739,000 after acquiring an additional 170,698 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Quality Systems by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,123,601 shares of the company’s stock valued at $33,404,000 after acquiring an additional 70,447 shares during the last quarter. State Street Corp boosted its position in shares of Quality Systems by 5.4% during the 2nd quarter. State Street Corp now owns 1,187,459 shares of the company’s stock valued at $20,436,000 after acquiring an additional 60,768 shares during the last quarter. Finally, FMR LLC acquired a new position in shares of Quality Systems during the 2nd quarter valued at about $20,233,000. 72.25% of the stock is currently owned by institutional investors.

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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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