Trading Report: Today, Quality Systems Inc. (QSII) gets “Market Perform” status at Raymond James Financial Inc.

Today, Quality Systems Inc. (QSII) gets “Market Perform” status at Raymond James Financial Inc.

Quality Systems Inc. (NASDAQ:QSII) was downgraded by equities researchers at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday.

Several other research analysts have also weighed in on the stock. Citigroup Inc. lowered shares of Quality Systems to a “market perform” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Quality Systems in a research note on Thursday, October 27th. JPMorgan Chase & Co. lowered shares of Quality Systems from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $13.00 to $11.00 in a research note on Friday, October 28th. 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, Jefferies Group reaffirmed a “hold” rating and set a $13.00 target price (down previously from $15.00) on shares of Quality Systems in a research note on Tuesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.79.

Quality Systems (NASDAQ:QSII) traded down 2.81% on Tuesday, hitting $13.47. 111,060 shares of the company traded hands. Quality Systems has a 12 month low of $10.60 and a 12 month high of $17.50. The firm’s market capitalization is $836.41 million. The stock’s 50-day moving average is $12.73 and its 200 day moving average is $12.31.

Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, October 27th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company earned $127.20 million during 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%. Quality Systems’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Equities analysts forecast that Quality Systems will post $0.78 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of QSII. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Quality Systems by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,167,312 shares of the company’s stock valued at $17,790,000 after buying an additional 11,441 shares during the period. UBS Group AG boosted its stake in shares of Quality Systems by 2,066.6% in the first quarter. UBS Group AG now owns 47,406 shares of the company’s stock valued at $723,000 after buying an additional 45,218 shares during the period. BNP Paribas Arbitrage SA boosted its stake 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. Alpha Windward LLC purchased a new stake in shares of Quality Systems during the second quarter valued at $361,000. Finally, Hartford Investment Management Co. purchased a new stake in shares of Quality Systems during the second quarter valued at $131,000. 66.23% of the stock is currently owned by hedge funds and other institutional investors.

Quality Systems Company Profile

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Trading Report: Today, Quality Systems Inc. (QSII) gets “Market Perform” status at Raymond James Financial Inc.

Today, Quality Systems Inc. (QSII) gets “Market Perform” status at Raymond James Financial Inc.

Quality Systems Inc. (NASDAQ:QSII) was downgraded by equities researchers at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday.

Several other research analysts have also weighed in on the stock. Citigroup Inc. lowered shares of Quality Systems to a “market perform” rating in a research note on Tuesday. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Quality Systems in a research note on Thursday, October 27th. JPMorgan Chase & Co. lowered shares of Quality Systems from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $13.00 to $11.00 in a research note on Friday, October 28th. 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, Jefferies Group reaffirmed a “hold” rating and set a $13.00 target price (down previously from $15.00) on shares of Quality Systems in a research note on Tuesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.79.

Quality Systems (NASDAQ:QSII) traded down 2.81% on Tuesday, hitting $13.47. 111,060 shares of the company traded hands. Quality Systems has a 12 month low of $10.60 and a 12 month high of $17.50. The firm’s market capitalization is $836.41 million. The stock’s 50-day moving average is $12.73 and its 200 day moving average is $12.31.

Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, October 27th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company earned $127.20 million during 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%. Quality Systems’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Equities analysts forecast that Quality Systems will post $0.78 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of QSII. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Quality Systems by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,167,312 shares of the company’s stock valued at $17,790,000 after buying an additional 11,441 shares during the period. UBS Group AG boosted its stake in shares of Quality Systems by 2,066.6% in the first quarter. UBS Group AG now owns 47,406 shares of the company’s stock valued at $723,000 after buying an additional 45,218 shares during the period. BNP Paribas Arbitrage SA boosted its stake 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. Alpha Windward LLC purchased a new stake in shares of Quality Systems during the second quarter valued at $361,000. Finally, Hartford Investment Management Co. purchased a new stake in shares of Quality Systems during the second quarter valued at $131,000. 66.23% of the stock is currently owned by hedge funds and other institutional investors.

Quality Systems Company Profile

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