Shares of Quality Systems, Inc. (NASDAQ:QSII) have earned an average rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $15.07.

QSII has been the subject of several recent research reports. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Robert W. Baird reiterated a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a research note on Sunday, September 17th. Oppenheimer reiterated a “hold” rating on shares of Quality Systems in a research note on Friday, September 15th. Cantor Fitzgerald reiterated a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a research note on Thursday, September 14th. Finally, BidaskClub cut Quality Systems from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th.

Quality Systems (NASDAQ QSII) traded down $0.20 during midday trading on Friday, reaching $13.78. The company’s stock had a trading volume of 178,910 shares, compared to its average volume of 317,177. The firm has a market cap of $880.58, a P/E ratio of 19.70, a P/E/G ratio of 3.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.23. Quality Systems has a 52 week low of $12.61 and a 52 week high of $17.74.

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

Several institutional investors and hedge funds have recently made changes to their positions in QSII. Martingale Asset Management L P lifted its stake in Quality Systems by 724.6% during the second quarter. Martingale Asset Management L P now owns 181,661 shares of the company’s stock worth $3,127,000 after purchasing an additional 159,630 shares during the last quarter. FMR LLC purchased a new stake in Quality Systems during the second quarter worth approximately $20,233,000. AJO LP lifted its stake in Quality Systems by 119.1% during the second quarter. AJO LP now owns 180,739 shares of the company’s stock worth $3,111,000 after purchasing an additional 98,257 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Quality Systems during the second quarter worth approximately $967,000. Finally, Prudential Financial Inc. lifted its stake in Quality Systems by 8.9% during the third quarter. Prudential Financial Inc. now owns 146,202 shares of the company’s stock worth $2,299,000 after purchasing an additional 11,965 shares during the last quarter. Institutional investors and hedge funds own 72.25% of the company’s stock.

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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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