Rating Reporting: Is It Finally Time To Sell? Raymond James Downgrades Quality Systems Inc (NASDAQ:QSII)

November 29, 2016 - By Michael Collier

Rating Reporting: Is It Finally Time To Sell? Raymond James Downgrades Quality Systems Inc (NASDAQ:QSII)

Quality Systems Inc (NASDAQ:QSII) Downgrade

Trading of Quality Systems Inc (NASDAQ:QSII)‘s shares is going to be interesting today. Raymond James cut the stock from a Outperform to a Mkt Perform.

Quality Systems, Inc. (NASDAQ:QSII) Ratings Coverage

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 15.84% above today’s ($13.38) stock price. Quality Systems Inc. has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Friday, July 24, the company rating was maintained by Topeka Capital Markets. RBC Capital Markets maintained Quality Systems, Inc. (NASDAQ:QSII) on Friday, January 29 with “Sector Perform” rating. The stock of Quality Systems, Inc. (NASDAQ:QSII) earned “Neutral” rating by JP Morgan on Tuesday, November 17. The stock has “Neutral” rating given by SunTrust on Thursday, June 2. The rating was reinitiated by Jefferies on Friday, October 16 with “Hold”. The firm earned “Outperform” rating on Monday, January 4 by Raymond James. The stock has “Overweight” rating given by Piper Jaffray on Monday, January 25. The company was upgraded on Monday, July 27 by RBC Capital Markets. The rating was initiated by UBS on Thursday, October 6 with “Sell”. The rating was downgraded by JP Morgan on Friday, October 28 to “Underweight”.

The stock decreased 3.46% or $0.48 during the last trading session, hitting $13.38. About 812,716 shares traded hands or 57.65% up from the average. 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 $10.99M for 18.58 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 Q2 2016. 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.

Tower Research Cap Ltd Co (Trc) has 0% invested in the company for 1,870 shares. Moreover, Stevens Mgmt L P has 0.02% invested in Quality Systems, Inc. (NASDAQ:QSII) for 44,256 shares. Alliancebernstein Lp holds 0% or 82,522 shares in its portfolio. Strs Ohio, a Ohio-based fund reported 62,600 shares. Principal Financial Gru Incorporated has invested 0.01% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII). Blackrock Group Ltd accumulated 0% or 84,060 shares. State Street Corp holds 0% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII) for 921,962 shares. Gsa Capital Prtn Llp owns 41,043 shares or 0.03% of their US portfolio. State Board Of Administration Of Florida Retirement System accumulated 87,736 shares or 0% of the stock. Mutual Of America Mngmt Limited Company, a New York-based fund reported 3,100 shares. Victory Cap accumulated 15,786 shares or 0% of the stock. Citigroup Incorporated holds 0% or 28,615 shares in its portfolio. Legal And General Grp Incorporated Public Limited Co owns 8,311 shares or 0% of their US portfolio. Menta Cap Ltd Company holds 0.21% or 127,401 shares in its portfolio. Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0% invested in Quality Systems, Inc. (NASDAQ:QSII) for 15,200 shares.

Insider Transactions: Since June 13, 2016, the stock had 2 insider buys, and 0 sales for $223,766 net activity. The insider Arnold James Robert Jr. bought 8,300 shares worth $99,766. 10,000 Quality Systems, Inc. (NASDAQ:QSII) shares with value of $124,000 were bought by MARGOLIS JEFFREY H.

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 $817.26 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.”

QSII Company Profile

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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