November 29, 2016 - By whatsonthorold
In a an analyst note sent to investors and clients on 29 November, Raymond James has downgraded Quality Systems (NASDAQ:QSII) stock to “Market Perform”. QSII’s old rating was “Outperform”.
Out of 13 analysts covering Quality Systems Inc. (NASDAQ:QSII), 3 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 23% are positive. $21 is the highest target while $12 is the lowest. The $15.50 average target is 14.39% above today’s ($13.55) stock price. Quality Systems Inc. has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Quality Systems, Inc. (NASDAQ:QSII) earned “Hold” rating by Jefferies on Friday, October 16. The company was initiated on Tuesday, November 17 by JP Morgan. The firm has “Outperform” rating given on Monday, January 4 by Raymond James. The company was initiated on Thursday, October 6 by UBS. The firm earned “Mkt Perform” rating on Thursday, July 23 by FBR Capital. The firm has “Underweight” rating given on Friday, October 28 by JP Morgan. On Monday, July 27 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. As per Friday, January 29, the company rating was maintained by RBC Capital Markets. As per Monday, January 25, the company rating was upgraded by Piper Jaffray. SunTrust maintained the stock with “Neutral” rating in Thursday, June 2 report.
About 254,488 shares traded hands. Quality Systems, Inc. (NASDAQ:QSII) has declined 4.48% since April 26, 2016 and is downtrending. It has underperformed by 9.74% the S&P500.
Analysts await Quality Systems, Inc. (NASDAQ:QSII) to report earnings on January, 26. They expect $0.18 earnings per share, up 20.00% or $0.03 from last year’s $0.15 per share. QSII’s profit will be $10.99 million for 18.82 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Quality Systems, Inc. for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.48, from 1.39 in 2016Q1. The ratio worsened, as 17 funds sold all Quality Systems, Inc. shares owned while 49 reduced positions. 28 funds bought stakes while 64 increased positions. They now own 42.22 million shares or 5.66% less from 44.75 million shares in 2016Q1.
Rice Hall James And Assocs Ltd Liability has invested 0.47% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII). Teachers Retirement Sys Of The State Of Kentucky holds 15,200 shares or 0% of its portfolio. Aimz Investment Lc, a California-based fund reported 62,545 shares. Deutsche Fincl Bank Ag has 0% invested in the company for 217,245 shares. Moreover, First Tru Advsrs Limited Partnership has 0% invested in Quality Systems, Inc. (NASDAQ:QSII) for 77,592 shares. Fincl Bank Of Mellon Corp has 560,756 shares for 0% of their US portfolio. Parametric Portfolio Assoc holds 249,229 shares or 0% of its portfolio. Qs Invsts Ltd Liability Corp owns 544 shares or 0% of their US portfolio. Principal Fin Gp reported 314,725 shares or 0.01% of all its holdings. Capstone Asset Company reported 12,936 shares or 0% of all its holdings. Axa has invested 0.01% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII). Oak Ltd Oh last reported 0.04% of its portfolio in the stock. Metropolitan Life Insur Ny last reported 37,082 shares in the company. Stevens Cap Management Limited Partnership owns 44,256 shares or 0.02% of their US portfolio. Public Sector Pension Inv Board has 0% invested in the company for 30,397 shares.
Insider Transactions: Since June 13, 2016, the stock had 2 buys, and 0 selling transactions for $223,766 net activity. $99,766 worth of Quality Systems, Inc. (NASDAQ:QSII) was bought by Arnold James Robert Jr. on Tuesday, June 14. MARGOLIS JEFFREY H bought $124,000 worth of Quality Systems, Inc. (NASDAQ:QSII) on Monday, June 13.
Quality Systems, Inc. primarily, through its NextGen Healthcare subsidiary, provides technology solutions and services to the ambulatory care market in the United States. The company has a market cap of $827.65 million. The Firm 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. It currently has negative earnings. The Firm operates through three divisions: the NextGen Division, the RCM Services Division and the QSI Dental Division.
According to Zacks Investment Research, “Quality Systems, Inc. is one of the leading developers and providers of computer-based practice management systems for medical and dental group practices. Its two wholly-owned subsidiaries are Clinitec International, Inc., and MicroMed Healthcare Information Systems, Inc. Clinitec is a developer and provider of electronic medical records systems, MicroMed provides enterprise practice management systems and services to the medical marketplace utilizing a Microsoft Windows based graphical user interface client/server platform.”
Quality Systems, Inc. (QSI), incorporated on April 24, 1974, primarily, through its NextGen Healthcare subsidiary, provides technology solutions and services to the ambulatory care market in the United States. The Firm 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. The Firm operates through three divisions: the NextGen Division, the RCM Services Division and the QSI Dental Division. The Firm also provides implementation, training, support and maintenance for software and complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI). The Company’s clients include single and small practice physicians, networks of practices, such as physician hospital organizations (PHOs), management service organizations (MSOs), accountable care organizations (ACOs), ambulatory care centers, community health centers and medical and dental schools.
Another recent and important Quality Systems, Inc. (NASDAQ:QSII) news was published by Businesswire.com which published an article titled: “Quality Systems, Inc. Reports Fiscal 2017 Second Quarter Results” on October 27, 2016.
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