Wells Fargo & Co. Analysts Begin Coverage on Quality Systems (QSII)

By admin | 6 years ago

Equities researchers at Wells Fargo & Co. (NYSE: WFC) began coverage on shares of Quality Systems (NASDAQ: QSII) in a report issued on Tuesday. The firm set a “market perform” rating on the stock.

Shares of Quality Systems traded down 1.31% during mid-day trading on Tuesday, hitting $28.73. Quality Systems has a 52 week low of $28.75 and a 52 week high of $50.70. The company has a market cap of $1.704 billion and a P/E ratio of 22.74.

Quality Systems last announced its 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. On average, analysts predict that Quality Systems will post $0.38 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Quality Systems from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, May 23rd. They now have a $27.00 price target on the stock. Separately, analysts at Lazard Capital initiated coverage on shares of Quality Systems in a research note to investors on Wednesday, May 23rd. They set a “buy” rating on the stock. Finally, analysts at Auriga reiterated an “accumulate” rating on shares of Quality Systems in a research note to investors on Friday, May 18th.

Quality Systems, Inc. develops and markets healthcare information systems that automate certain aspects of physician, inpatient and dental practices, networks of practices, such as physician hospital organizations (PHOs) and management service organizations (MSOs), ambulatory care centers, community health centers, Federal Qualified Health Centers (FQHC) and medical and dental schools.

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