Quality Systems (QSII) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Quality Systems (QSII) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.18. The company posted revenue of $122.20 million in the period, compared to analysts expectations of $126.30 million. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Quality Systems. Shares were Reiterated by Topeka Capital Markets on May 20, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18 .

Quality Systems closed down -0.11 points or -0.85% at $12.8 with 3,46,892 shares getting traded on Thursday. Post opening the session at $12.85, the shares hit an intraday low of $12.73 and an intraday high of $12.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 14, 2016, James Robert Jr. Arnold (CFO) purchased 8,300 shares at $12.02 per share price. According to the SEC, on Jun 14, 2016, Jeffrey H Margolis (director) purchased 10,000 shares at $12.40 per share price. On Dec 9, 2015, John R Frantz (CEO) purchased 2,500 shares at $15.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Quality Systems

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