The Brokerages Set Quality Systems Inc. (QSII) PT at $15.71

The Brokerages Set Quality Systems Inc. (QSII) PT at $15.71

Shares of Quality Systems Inc. (NASDAQ:QSII) have been given a consensus recommendation of “Hold” by the nineteen research firms that are covering the stock. Five equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $15.71.

QSII has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Quality Systems from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Wednesday, July 20th. Jefferies Group reissued a “hold” rating and set a $13.00 target price (down previously from $15.00) on shares of Quality Systems in a research report on Tuesday, August 2nd. FBR & Co reissued a “hold” rating on shares of Quality Systems in a research report on Monday, August 1st. KeyCorp reissued a “sell” rating and set a $11.00 target price on shares of Quality Systems in a research report on Friday, July 29th. Finally, Deutsche Bank AG decreased their target price on shares of Quality Systems from $12.00 to $11.00 and set a “sell” rating for the company in a research report on Friday, July 29th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alpha Windward LLC acquired a new position in shares of Quality Systems during the second quarter valued at $361,000. BNP Paribas Arbitrage SA increased its position in shares of Quality Systems by 124.4% in the second quarter. BNP Paribas Arbitrage SA now owns 14,532 shares of the company’s stock valued at $173,000 after buying an additional 8,055 shares during the period. Springbok Capital Management LLC increased its position in shares of Quality Systems by 98.6% in the first quarter. Springbok Capital Management LLC now owns 18,027 shares of the company’s stock valued at $275,000 after buying an additional 8,949 shares during the period. Legal & General Group Plc increased its position in shares of Quality Systems by 15.1% in the first quarter. Legal & General Group Plc now owns 8,311 shares of the company’s stock valued at $128,000 after buying an additional 1,092 shares during the period. Finally, Hancock Holding Co. acquired a new position in shares of Quality Systems during the first quarter valued at $1,507,000. Hedge funds and other institutional investors own 70.17% of the company’s stock.

Shares of Quality Systems (NASDAQ:QSII) opened at 11.20 on Tuesday. The stock has a 50 day moving average of $11.44 and a 200-day moving average of $12.68. Quality Systems has a 12-month low of $10.60 and a 12-month high of $17.50. The firm’s market capitalization is $688.87 million.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Quality Systems had a negative net margin of 0.27% and a positive return on equity of 14.81%. The firm earned $122.20 million during the quarter, compared to analyst estimates of $126.30 million. During the same period in the prior year, the company earned $0.16 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts predict that Quality Systems will post $0.76 EPS for the current fiscal year.

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