Quality Systems, Inc. (NASDAQ:QSII) has earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.30.
QSII has been the subject of a number of research reports. Cantor Fitzgerald upgraded Quality Systems from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Wednesday, May 30th. Zacks Investment Research upgraded Quality Systems from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, May 30th. BidaskClub upgraded Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. Piper Jaffray Companies boosted their target price on Quality Systems to $22.00 and gave the stock an “overweight” rating in a report on Friday, May 25th. Finally, ValuEngine cut Quality Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th.
NASDAQ QSII opened at $21.37 on Thursday. Quality Systems has a 12 month low of $12.24 and a 12 month high of $23.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $1.40 billion, a PE ratio of 37.49, a P/E/G ratio of 4.18 and a beta of 0.62.
Several institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its position in shares of Quality Systems by 38.3% during the 4th quarter. Deutsche Bank AG now owns 418,394 shares of the company’s stock valued at $5,680,000 after acquiring an additional 115,945 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Quality Systems by 25.5% during the 1st quarter. Prudential Financial Inc. now owns 264,417 shares of the company’s stock valued at $3,609,000 after acquiring an additional 53,770 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Quality Systems during the 1st quarter valued at approximately $7,071,000. Two Sigma Investments LP acquired a new stake in shares of Quality Systems during the 4th quarter valued at approximately $768,000. Finally, Mackay Shields LLC acquired a new stake in shares of Quality Systems during the 1st quarter valued at approximately $217,000. Institutional investors own 69.62% of the company’s stock.
About Quality Systems
Quality Systems, Inc provides software, services, and analytics solutions to medical and dental group practices in the United States. The company's principal products include NextGen Enterprise EHR, an electronic health records solution, which stores and maintains clinical patient information; and offers a workflow module, prescription management, automatic document and letter generation, patient education, referral tracking, interfaces to billing and lab systems, physician alerts and reminders, and reporting and data analysis tools.
Further Reading: Outstanding Shares
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