Jefferies Group LLC Reaffirms “Hold” Rating for Quality Systems, Inc. (NASDAQ:QSII)

Jefferies Group LLC restated their hold rating on shares of Quality Systems, Inc. (NASDAQ:QSII) in a research note released on Sunday, October 8th. Jefferies Group LLC currently has a $15.50 price objective on the stock.

Several other equities research analysts have also recently commented on QSII. Piper Jaffray Companies reiterated an overweight rating and issued a $20.00 price target (up from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. BidaskClub cut Quality Systems from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Zacks Investment Research cut Quality Systems from a hold rating to a sell rating in a research note on Wednesday, September 20th. KeyCorp reissued a sell rating on shares of Quality Systems in a research note on Sunday, September 17th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Quality Systems has a consensus rating of Hold and an average target price of $14.93.

Quality Systems (NASDAQ:QSII) opened at 15.49 on Friday. The company’s 50 day moving average is $15.54 and its 200 day moving average is $15.66. Quality Systems has a one year low of $11.03 and a one year high of $17.74. The stock has a market cap of $981.55 million, a PE ratio of 43.27 and a beta of 0.87.

Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Quality Systems had a net margin of 2.98% and a return on equity of 5.05%. The business had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $126.75 million. During the same period in the previous year, the business earned $0.15 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts expect that Quality Systems will post $0.68 EPS for the current year.

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In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $15.75, for a total value of $330,246.00. Following the sale, the director now owns 46,745 shares in the company, valued at approximately $736,233.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.90% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. raised its position in shares of Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock valued at $105,000 after buying an additional 86 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Quality Systems by 496.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after buying an additional 7,353 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Quality Systems by 79.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after buying an additional 4,059 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Quality Systems by 2.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after buying an additional 260 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Quality Systems by 9.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock valued at $163,000 after buying an additional 952 shares in the last quarter. Hedge funds and other institutional investors own 69.54% of the company’s stock.

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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