Jefferies Group Lowers Price Target on Quality Systems (QSII)
Analysts at Jefferies Group (NYSE: JEF) decreased their price target on shares of Quality Systems (NASDAQ: QSII) to $28.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Leerink Swann downgraded shares of Quality Systems from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at Auriga upgraded shares of Quality Systems from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, May 15th. They now have a $37.00 price target on the stock, down previously from $42.00. Finally, analysts at Citigroup (NYSE: C) downgraded shares of Quality Systems from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, May 15th. They now have a $45.00 price target on the stock, up previously from $26.00.
Quality Systems traded up 2.18% on Friday, hitting $29.55. Quality Systems has a 52-week low of $33.08 and a 52-week high of $50.70. The company has a market cap of $1.749 billion and a price-to-earnings ratio of 22.59.
Quality Systems last posted its quarterly earnings results on Thursday, May 17th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Quality Systems will post $0.38 EPS next quarter.
Quality Systems, Inc. develops and markets healthcare information systems that automate certain aspects of medical and dental practices, networks of practices, such as physician hospital organizations (PHOs) and management service organizations (MSOs), ambulatory care centers, community health centers, and medical and dental schools.