November 29, 2016 - By whatsonthorold
In a a research report issued to clients today, Raymond James cut shares of Quality Systems (NASDAQ:QSII) to a Mkt Perform rating from a Outperform rating.
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 12.89% above today’s ($13.73) stock price. Quality Systems Inc. has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Thursday, October 6, the company rating was initiated by UBS. Zacks upgraded the stock to “Sell” rating in Wednesday, August 12 report. The stock has “Sell” rating given by Deutsche Bank on Wednesday, June 8. The firm earned “Hold” rating on Tuesday, August 2 by Jefferies. FBR Capital maintained it with “Mkt Perform” rating and $14 target price in Thursday, July 23 report. JP Morgan initiated the shares of QSII in a report on Tuesday, November 17 with “Neutral” rating. The firm earned “Sector Perform” rating on Monday, July 27 by RBC Capital Markets. RBC Capital Markets maintained the shares of QSII in a report on Thursday, January 7 with “Sector Perform” rating. SunTrust maintained the stock with “Neutral” rating in Thursday, June 2 report. The firm earned “Overweight” rating on Monday, January 25 by Piper Jaffray.
About 157,715 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 EPS, up 20.00% or $0.03 from last year’s $0.15 per share. QSII’s profit will be $10.99 million for 19.07 P/E if the $0.18 EPS becomes a reality. After $0.21 actual EPS 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 fall, 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.
Quantbot Tech Ltd Partnership holds 0.01% or 6,142 shares in its portfolio. Renaissance Techs Limited Company owns 626,831 shares or 0.01% of their US portfolio. The Mississippi-based Hancock Holdg has invested 0.05% in Quality Systems, Inc. (NASDAQ:QSII). Teachers Retirement System Of The State Of Kentucky holds 15,200 shares or 0% of its portfolio. Interocean Llc accumulated 32,355 shares or 0.09% of the stock. Amp Cap Investors reported 10,300 shares or 0% of all its holdings. Spark Mngmt Limited Com has 64,500 shares for 0.07% of their US portfolio. Ls Inv Advsrs Ltd last reported 0% of its portfolio in the stock. Vanguard Gru, a Pennsylvania-based fund reported 4.02 million shares. Paradigm Management Incorporated accumulated 0.07% or 47,400 shares. Thomas White Limited holds 0% or 500 shares in its portfolio. Public Employees Retirement Association Of Colorado, a Colorado-based fund reported 11,908 shares. Ladenburg Thalmann Financial Services, a Florida-based fund reported 1,633 shares. Adams Diversified Equity Fund has invested 0.02% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII). Moreover, Federated Investors Inc Pa has 0% invested in Quality Systems, Inc. (NASDAQ:QSII) for 4,410 shares.
Insider Transactions: Since June 13, 2016, the stock had 2 insider buys, and 0 sales for $223,766 net activity. 10,000 Quality Systems, Inc. (NASDAQ:QSII) shares with value of $124,000 were bought by MARGOLIS JEFFREY H. Arnold James Robert Jr. bought 8,300 shares worth $99,766.
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 $838.64 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.
More recent Quality Systems, Inc. (NASDAQ:QSII) news were published by: Businesswire.com which released: “Quality Systems, Inc. Reports Fiscal 2017 Second Quarter Results” on October 27, 2016. Also Businesswire.com published the news titled: “Quality Systems, Inc. to Host Fiscal 2017 Second Quarter Results Conference Call” on October 12, 2016. Businesswire.com‘s news article titled: “Quality Systems, Inc. to Present at the 28th Annual Piper Jaffray Healthcare …” with publication date: November 08, 2016 was also an interesting one.
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