Quality Systems, Inc. (NASDAQ:QSII) had its price objective increased by equities researchers at Jefferies Group from $12.00 to $15.00 in a research report issued on Friday, StockTargetPrices.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential downside of 7.81% from the company’s previous close.

In other news, CEO John R. Frantz acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 9th. The stock was purchased at an average cost of $15.45 per share, for a total transaction of $38,625.00. Following the completion of the transaction, the chief executive officer now owns 27,500 shares in the company, valued at $424,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Quality Systems (NASDAQ:QSII) traded down 19.67% during trading on Friday, hitting $13.07. 3,467,325 shares of the company’s stock were exchanged. The company has a 50-day moving average of $16.25 and a 200-day moving average of $14.39. The company has a market cap of $795.47 million and a P/E ratio of 24.66. Quality Systems has a 12-month low of $12.01 and a 12-month high of $18.75.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Thursday, January 28th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The business earned $116.40 million during the quarter, compared to analysts’ expectations of $125.38 million. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts expect that Quality Systems will post $0.69 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors recently made changes to their positions in QSII. Acadian Asset Management raised its position in shares of Quality Systems by 372.6% in the fourth quarter. Acadian Asset Management now owns 1,840,978 shares of the company’s stock valued at $29,677,000 after buying an additional 1,451,447 shares during the period. Rice Hall James & Associates LLC bought a new position in shares of Quality Systems during the fourth quarter valued at $11,273,000. Smith Graham & Co. Investment Advisors LP bought a new position in shares of Quality Systems during the fourth quarter valued at $5,918,000. Russell Frank Co raised its position in shares of Quality Systems by 133.7% in the fourth quarter. Russell Frank Co now owns 203,349 shares of the company’s stock valued at $3,390,000 after buying an additional 116,319 shares during the period. Finally, Stanley Laman Group Ltd. raised its position in shares of Quality Systems by 30.0% in the fourth quarter. Stanley Laman Group Ltd. now owns 179,490 shares of the company’s stock valued at $2,893,000 after buying an additional 41,416 shares during the period.

Several other analysts also recently commented on QSII. Cowen and Company dropped their price objective on shares of Quality Systems from $17.00 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday, November 3rd. Evercore ISI lowered their price target on shares of Quality Systems from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Friday. Zacks Investment Research raised shares of Quality Systems from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, November 2nd. Robert W. Baird increased their price target on shares of Quality Systems from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, RBC Capital lowered their price target on shares of Quality Systems from $16.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.03.

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 (NASDAQ:QSII) 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.

12 Month Chart for NASDAQ:QSII

Stock Target Prices

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for Quality Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quality Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.