Quality Systems Receives a Hold from Robert W. Baird

By Ryan Adsit

In a report issued on September 14, Matthew Gillmor from Robert W. Baird reiterated a Hold rating on Quality Systems (NASDAQ: QSII), with a price target of $15. The company’s shares closed on Friday at $15.85.

According to TipRanks.com, Gillmor is a 4-star analyst with an average return of 10.7% and a 64.6% success rate. Gillmor covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, Pandora Media, and Athenahealth.

Currently, the analyst consensus on Quality Systems is Hold and the average price target is $15.30, representing a -3.5% downside.

In a report issued on September 14, Cantor Fitzgerald also maintained a Hold rating on the stock with a $15 price target.

Based on Quality Systems’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $131 million and quarterly net profit of $3.9 million. In comparison, last year the company earned revenue of $122 million and had a GAAP net loss of $647K.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock.

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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 segments: Software & Related Solutions and RCM & Related Services.