Quality Systems (QSII) reported quarterly earnings results on Thursday, May-19-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.18. The company posted revenue of $127.91 million in the period, compared to analysts expectations of $127.64 million. The company’s revenue was down -.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Quality Systems opened for trading at $14.43 and hit $14.79 on the upside on Monday, eventually ending the session at $14.67, with a gain of 1.66% or 0.24 points. The heightened volatility saw the trading volume jump to 4,00,631 shares. Company has a market cap of $893 M.
In a different news, on Dec 9, 2015, John R Frantz (CEO) purchased 2,500 shares at $15.45 per share price.
Quality Systems Inc. is engaged in developing and marketing 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) accountable care organizations ambulatory care centers community health centers and medical and dental schools along with systems implementation maintenance and support and add-on complementary services such as revenue cycle management (RCM) and electronic data interchange (EDI). The Company operates in four segments: QSI Dental Division NextGen Division Hospital Solutions Division and RCM Services Division. The QSI Dental Division NextGen Division and Hospital Solutions Division develop and market software that is designed to automate and streamline a number of the administrative functions required for operating a medical dental or hospital practice such as patient scheduling and billing.