Quality Systems Receives a New Rating from Top Analyst

By Carrie Williams

In a report released yesterday, John Difucci from Jefferies reiterated a Hold rating on Quality Systems (NASDAQ: QSII), with a price target of $13. The company’s shares closed yesterday at $15.99, close to its 52-week high of $16.08.

According to TipRanks.com, Difucci is a top 100 analyst with an average return of 18.4% and a 74.2% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Palo Alto Networks, and CommVault Systems.

Currently, the analyst consensus on Quality Systems is Moderate Buy and the average price target is $14.67, representing a -8.3% downside.

In a report issued on May 19, Cantor Fitzgerald also reiterated a Hold rating on the stock with a $15 price target.

The company has a one year high of $16.08 and a one year low of $10.61. Currently, Quality Systems has an average volume of 308.1K.

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Quality Systems, Inc. engages in the development and marketing of electronic health records, practice management, revenue cycle management, and interoperability solutions. It operates through the following divisions: QSI Dental, NextGen, and RCM Services. The QSI Dental division focuses on developing, marketing and supporting software suites sold to dental group organizations located throughout the United States. The NextGen division provides integrated clinical, financial and connectivity solutions for ambulatory and dental provider organizations. The RCM Services division delivers revenue cycle management optimization services enabled by technology, and its service offerings, which include billing and collections, claims submissions and reconciliation, electronic remittance and payment posting, accounts receivable management, patient client service, advance analytics, charge entry and capture, enrollment credentialing, and software setup, hosting, and support. The company was founded by Sheldon Razin in 1974 and is headquartered in Irvine, CA.