Quality Systems (NASDAQ:QSII) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, January 4th.

According to Zacks, “In the last year, Quality Systems underperformed the broader industry in terms of price. On the brighter side, acquisitions have significantly expanded Quality Systems’ product pipeline over the last couple of years.We are particularly upbeat about the company’s solid performance with regard to total software, hardware and related revenues. Quality Systems’ solid recurring revenue base is a key catalyst for the quarters to come. Furthermore, the company’s new Entrada and Eagle Dream solutions are likely to drive growth. On the flipside, the company’s ongoing sluggishness in the RCM customer base, intensifying competition and a strict regulatory environment are likely to mar the top line. Furthermore, management slashed the high end of the fiscal 2018 earnings guidance, signaling at trouble down the road. The company expects software license and hardware revenues to remain under pressure for the remainder of the fiscal.”

Other equities research analysts have also issued reports about the company. Jefferies Group reaffirmed a “hold” rating and set a $14.50 target price on shares of Quality Systems in a research report on Sunday, October 29th. Royal Bank of Canada assumed coverage on Quality Systems in a research report on Tuesday, September 19th. They set an “underperform” rating and a $12.00 target price for the company. BidaskClub lowered Quality Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. Oppenheimer reaffirmed a “hold” rating on shares of Quality Systems in a research report on Friday, September 15th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Quality Systems presently has a consensus rating of “Hold” and an average price target of $14.44.

Shares of Quality Systems (QSII) traded up $0.19 during trading hours on Thursday, hitting $13.23. The stock had a trading volume of 88,870 shares, compared to its average volume of 357,835. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.19 and a quick ratio of 1.19. Quality Systems has a one year low of $12.41 and a one year high of $17.74. The firm has a market capitalization of $859.50, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.83.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $131.70 million during the quarter, compared to analyst estimates of $130.63 million. Quality Systems had a return on equity of 12.08% and a net margin of 3.39%. Quality Systems’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. research analysts anticipate that Quality Systems will post 0.57 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of QSII. Foundry Partners LLC raised its holdings in shares of Quality Systems by 3.3% during the 4th quarter. Foundry Partners LLC now owns 292,105 shares of the company’s stock valued at $3,967,000 after buying an additional 9,320 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Quality Systems during the 4th quarter valued at about $1,203,000. Smith Graham & Co. Investment Advisors LP raised its holdings in shares of Quality Systems by 7.6% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 568,176 shares of the company’s stock valued at $7,716,000 after buying an additional 40,270 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Quality Systems during the 4th quarter valued at about $367,000. Finally, Algert Global LLC raised its holdings in shares of Quality Systems by 17.9% during the 3rd quarter. Algert Global LLC now owns 172,267 shares of the company’s stock valued at $2,710,000 after buying an additional 26,097 shares in the last quarter. Hedge funds and other institutional investors own 71.94% of the company’s stock.

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About Quality Systems

Quality Systems, Inc (QSI) primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company 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.

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