Quality Systems (NASDAQ:QSII) released its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03, Bloomberg Earnings reports. Quality Systems had a net margin of 3.39% and a return on equity of 12.08%. The firm had revenue of $135.80 million for the quarter, compared to the consensus estimate of $131.95 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Quality Systems updated its FY19 guidance to $0.70-0.78 EPS.
Shares of Quality Systems opened at $15.05 on Friday, Marketbeat.com reports. The firm has a market cap of $932.77 million, a price-to-earnings ratio of 24.00, a P/E/G ratio of 2.78 and a beta of 0.66. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12. Quality Systems has a 1-year low of $12.24 and a 1-year high of $17.74.
In related news, CFO James Robert Jr. Arnold acquired 40,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was bought at an average cost of $13.10 per share, with a total value of $524,000.00. Following the acquisition, the chief financial officer now directly owns 212,156 shares in the company, valued at $2,779,243.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.90% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on QSII shares. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. BidaskClub downgraded shares of Quality Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price target on shares of Quality Systems in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.50.
About Quality Systems
Quality Systems, Inc, together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations.
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