Citigroup assumed coverage on shares of Quality Systems (NASDAQ:QSII) in a research note issued to investors on Thursday, January 4th, MarketBeat Ratings reports. The brokerage issued a sell rating and a $13.00 price target on the stock.

A number of other equities research analysts have also commented on the company. Jefferies Group reissued a hold rating and issued a $14.50 price target 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. Zacks Investment Research lowered Quality Systems from a hold rating to a sell rating in a research report on Tuesday, December 26th. BidaskClub lowered Quality Systems from a sell rating to a strong sell rating in a research report on Saturday, December 30th. Finally, Oppenheimer reaffirmed a hold rating on shares of Quality Systems in a research report on Friday, September 15th. 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 issued its earnings results on Thursday, January 25th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $131.70 million for 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 revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. 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.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

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