Raymond James Financial Inc. downgraded shares of Quality Systems Inc. (NASDAQ:QSII) from an outperform rating to a market perform rating in a research report report published on Tuesday morning.

Several other brokerages have also issued reports on QSII. Zacks Investment Research lowered shares of Quality Systems from a hold rating to a sell rating in a report on Wednesday, August 3rd. Citigroup Inc. lowered shares of Quality Systems to a market perform rating in a report on Tuesday. Jefferies Group reissued a hold rating and issued a $13.00 price target (down previously from $15.00) on shares of Quality Systems in a report on Tuesday, August 2nd. JPMorgan Chase & Co. lowered shares of Quality Systems from a neutral rating to an underweight rating and decreased their price target for the company from $13.00 to $11.00 in a report on Friday, October 28th. Finally, Oppenheimer Holdings Inc. reissued a hold rating on shares of Quality Systems in a report on Thursday, October 27th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $14.79.

Analyst Recommendations for Quality Systems (NASDAQ:QSII)

Quality Systems (NASDAQ:QSII) opened at 13.38 on Tuesday. The firm’s 50-day moving average price is $12.73 and its 200 day moving average price is $12.31. Quality Systems has a 12-month low of $10.60 and a 12-month high of $17.50. The company’s market capitalization is $830.82 million.

Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, October 27th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The company earned $127.20 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, equities research analysts expect that Quality Systems will post $0.78 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC purchased a new stake in shares of Quality Systems during the second quarter valued at about $171,000. Capital Fund Management S.A. purchased a new stake in shares of Quality Systems during the second quarter valued at about $205,000. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Quality Systems by 0.8% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 420,346 shares of the company’s stock valued at $5,006,000 after buying an additional 3,365 shares during the period. Strs Ohio increased its stake in shares of Quality Systems by 22.7% in the second quarter. Strs Ohio now owns 62,600 shares of the company’s stock valued at $745,000 after buying an additional 11,600 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Quality Systems during the second quarter valued at about $258,000. Institutional investors and hedge funds own 66.23% of the company’s stock.

Quality Systems Company Profile

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.

5 Day Chart for NASDAQ:QSII

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