Rating To Observe: Is Quality Systems (NASDAQ:QSII) Worth Your Time After Placed Raymond James’s Downgrade?

November 29, 2016 - By Darrin Black

Rating To Observe: Is Quality Systems (NASDAQ:QSII) Worth Your Time After Placed Raymond James's Downgrade?

Quality Systems (NASDAQ:QSII) Downgrade

Raymond James decreased the shares of Quality Systems (NASDAQ:QSII) from a Outperform rating to a Mkt Perform rating in a a research report shared with investors and clients on 29 November.

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 13.80% above today’s ($13.62) stock price. Quality Systems Inc. has been the topic of 25 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Zacks on Wednesday, August 12. The rating was upgraded by Raymond James on Monday, January 4 to “Outperform”. The firm has “Overweight” rating given on Monday, January 25 by Piper Jaffray. UBS initiated the stock with “Sell” rating in Thursday, October 6 report. The firm earned “Neutral” rating on Thursday, June 2 by SunTrust. The company was initiated on Tuesday, November 17 by JP Morgan. The stock of Quality Systems, Inc. (NASDAQ:QSII) has “Mkt Perform” rating given on Thursday, July 23 by FBR Capital. The stock has “Hold” rating given by Jefferies on Friday, October 16. RBC Capital Markets maintained Quality Systems, Inc. (NASDAQ:QSII) on Friday, January 29 with “Sector Perform” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, January 7.

About 121,526 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 18.92 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 dived, 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.

Moreover, Capstone Asset Mgmt Company has 0% invested in Quality Systems, Inc. (NASDAQ:QSII) for 12,936 shares. Lsv Asset Management has invested 0% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII). Thrivent Fin For Lutherans has 21,680 shares for 0% of their US portfolio. Highbridge Mgmt Llc has 84,056 shares for 0.02% of their US portfolio. Moreover, State Of Tennessee Treasury Department has 0% invested in Quality Systems, Inc. (NASDAQ:QSII) for 35,128 shares. Cornerstone Cap has invested 0.03% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII). The Ohio-based Budros Ruhlin And Roe Incorporated has invested 0.04% in Quality Systems, Inc. (NASDAQ:QSII). Ahl Prtnrs Llp holds 0.01% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII) for 20,782 shares. Kennedy Cap Management reported 177,537 shares or 0.04% of all its holdings. Mutual Of America Mgmt reported 3,100 shares or 0% of all its holdings. Smith Asset Management Gru L P last reported 0.06% of its portfolio in the stock. Paradigm Asset Management Limited Liability holds 0% or 8,000 shares in its portfolio. Acadian Asset Mngmt Limited Liability last reported 0.07% of its portfolio in the stock. Blackrock Mngmt Lc has 206,508 shares for 0% of their US portfolio. Janney Montgomery Scott Lc owns 82,000 shares or 0.02% of their US portfolio.

Insider Transactions: Since June 13, 2016, the stock had 2 insider purchases, and 0 sales for $223,766 net activity. The insider Arnold James Robert Jr. bought 8,300 shares worth $99,766. Shares for $124,000 were bought by MARGOLIS JEFFREY H 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 $831.92 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.

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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