Quality Systems (QSII) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Nov 29, 2016.
Many Wall Street Analysts have commented on Quality Systems. Quality Systems was Downgraded by JP Morgan to ” Underweight” on Oct 28, 2016.
On the company’s financial health, Quality Systems reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.19. The company had revenue of $127.20 million for the quarter, compared to analysts expectations of $124.85 million. The company’s revenue 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.
Quality Systems opened for trading at $14.04 and hit $14.18 on the upside on Friday, eventually ending the session at $14.09, with a gain of 1.08% or 0.15 points. The heightened volatility saw the trading volume jump to 1,67,493 shares. Company has a market cap of $875 M.
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.