The Oppenheimer Holdings Inc. Reiterates Hold Rating for Quality Systems Inc. (QSII)

The Oppenheimer Holdings Inc. Reiterates Hold Rating for Quality Systems Inc. (QSII)

Quality Systems Inc. (NASDAQ:QSII)‘s stock had its “hold” rating reiterated by stock analysts at Oppenheimer Holdings Inc. in a note issued to investors on Thursday.

Other analysts have also issued research reports about the stock. Jefferies Group reiterated a “hold” rating and set a $13.00 price objective (down previously from $15.00) on shares of Quality Systems in a research note on Tuesday, August 2nd. FBR & Co restated a “hold” rating on shares of Quality Systems in a research note on Monday, August 1st. JPMorgan Chase & Co. dropped their price target on shares of Quality Systems from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, KeyCorp restated a “sell” rating and issued a $11.00 price target on shares of Quality Systems in a research note on Friday, July 29th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.50.

Shares of Quality Systems (NASDAQ:QSII) opened at 12.60 on Thursday. Quality Systems has a 52 week low of $10.60 and a 52 week high of $17.50. The company’s 50-day moving average is $11.52 and its 200-day moving average is $12.47. The firm’s market cap is $782.38 million.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $127.20 million for the quarter, compared to analyst estimates of $124.85 million. Quality Systems had a negative net margin of 1.15% and a positive return on equity of 15.11%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. Analysts forecast that Quality Systems will post $0.78 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Quality Systems by 831.6% in the first quarter. JPMorgan Chase & Co. now owns 365,063 shares of the company’s stock valued at $5,564,000 after buying an additional 325,876 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Quality Systems by 23.8% in the second quarter. Ameriprise Financial Inc. now owns 252,918 shares of the company’s stock valued at $3,011,000 after buying an additional 48,700 shares during the last quarter. BlackRock Group LTD increased its stake in Quality Systems by 5.3% in the first quarter. BlackRock Group LTD now owns 81,248 shares of the company’s stock valued at $1,238,000 after buying an additional 4,068 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Quality Systems during the second quarter valued at $1,056,000. Finally, Stoneridge Investment Partners LLC bought a new stake in Quality Systems during the second quarter valued at $258,000. 70.16% of the stock is owned by institutional investors and hedge funds.

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