Quality Systems (QSII) Downgraded by BidaskClub

BidaskClub cut shares of Quality Systems (NASDAQ:QSII) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Quality Systems from a buy rating to a hold rating in a research note on Tuesday, June 5th. Cantor Fitzgerald cut shares of Quality Systems from an overweight rating to a neutral rating in a research note on Thursday, May 31st. Finally, Zacks Investment Research cut shares of Quality Systems from a hold rating to a sell rating in a research note on Monday, June 18th. Five analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $16.50.

Quality Systems stock opened at $19.79 on Thursday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 4.04 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. Quality Systems has a 52 week low of $12.24 and a 52 week high of $21.10.

Quality Systems (NASDAQ:QSII) last released its earnings results on Thursday, May 24th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The firm had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $131.95 million. Quality Systems had a net margin of 0.46% and a return on equity of 10.88%. Quality Systems’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. research analysts forecast that Quality Systems will post 0.6 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank grew its stake in shares of Quality Systems by 7.4% in the 4th quarter. Swiss National Bank now owns 81,000 shares of the company’s stock worth $1,100,000 after purchasing an additional 5,600 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Quality Systems by 38.3% in the 4th quarter. Deutsche Bank AG now owns 418,394 shares of the company’s stock worth $5,680,000 after purchasing an additional 115,945 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Quality Systems in the 4th quarter worth approximately $148,000. First Trust Advisors LP grew its stake in shares of Quality Systems by 187.5% in the 4th quarter. First Trust Advisors LP now owns 50,851 shares of the company’s stock worth $691,000 after purchasing an additional 33,162 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Quality Systems in the 4th quarter worth approximately $223,000. 70.24% of the stock is currently owned by institutional investors.

Quality Systems Company Profile

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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Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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