SunTrust Banks, Inc. Reiterates “Hold” Rating for Quality Systems, Inc. (QSII)

Quality Systems, Inc. (NASDAQ:QSII)‘s stock had its “hold” rating reiterated by analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They currently have a $15.00 price objective on the stock. SunTrust Banks, Inc.’s price objective points to a potential upside of 9.81% from the stock’s current price.

A number of other brokerages have also recently commented on QSII. Jefferies Group LLC restated a “hold” rating and set a $15.50 price target (up previously from $13.00) on shares of Quality Systems in a research note on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $20.00 price objective (up previously from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. BidaskClub lowered shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Quality Systems in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.07.

Quality Systems (QSII) opened at $13.66 on Friday. The company has a market cap of $877.39, a PE ratio of 18.22, a price-to-earnings-growth ratio of 3.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.23. Quality Systems has a one year low of $12.61 and a one year high of $17.74.

Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. equities analysts expect that Quality Systems will post 0.57 EPS for the current year.

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Several institutional investors have recently modified their holdings of QSII. UBS Asset Management Americas Inc. acquired a new stake in shares of Quality Systems in the first quarter valued at approximately $245,000. Wellington Management Group LLP acquired a new stake in shares of Quality Systems in the first quarter valued at approximately $259,000. Teachers Advisors LLC increased its holdings in shares of Quality Systems by 4.1% in the first quarter. Teachers Advisors LLC now owns 87,669 shares of the company’s stock valued at $1,336,000 after purchasing an additional 3,472 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Quality Systems by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 198,104 shares of the company’s stock valued at $3,019,000 after purchasing an additional 7,577 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Quality Systems by 0.8% in the first quarter. California Public Employees Retirement System now owns 104,300 shares of the company’s stock valued at $1,590,000 after purchasing an additional 800 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

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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