Live Price Coverage: Is Selling Quality Systems, Inc. Here a Winning Strategy?

Live Price Coverage: Is Selling Quality Systems, Inc. Here a Winning Strategy?

The stock of Quality Systems, Inc. (NASDAQ:QSII) hit a new 52-week low and has $9.98 target or 6.00% below today’s $10.62 share price. The 8 months bearish chart indicates high risk for the $663.69M company. The 1-year low was reported on Oct, 6 by If the $9.98 price target is reached, the company will be worth $39.82 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 78,053 shares traded hands. Quality Systems, Inc. (NASDAQ:QSII) has declined 22.73% since March 3, 2016 and is downtrending. It has underperformed by 31.07% the S&P500.

Analysts await Quality Systems, Inc. (NASDAQ:QSII) to report earnings on October, 27. They expect $0.18 EPS, down 10.00% or $0.02 from last year’s $0.2 per share. QSII’s profit will be $11.25 million for 14.75 P/E if the $0.18 EPS becomes a reality. After $0.14 actual EPS reported by Quality Systems, Inc. for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

Quality Systems, Inc. (NASDAQ:QSII) Ratings Coverage

Out of 12 analysts covering Quality Systems Inc. (NASDAQ:QSII), 3 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 25% are positive. Quality Systems Inc. has been the topic of 23 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Monday, July 27. The company was maintained on Thursday, July 23 by FBR Capital. As per Friday, May 20, the company rating was maintained by Topeka Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, January 7. The stock of Quality Systems, Inc. (NASDAQ:QSII) has “Outperform” rating given on Monday, January 4 by Raymond James. As per Wednesday, August 12, the company rating was upgraded by Zacks. SunTrust maintained the stock with “Neutral” rating in Thursday, June 2 report. The firm has “Overweight” rating by Piper Jaffray given on Monday, January 25. The stock of Quality Systems, Inc. (NASDAQ:QSII) earned “Neutral” rating by JP Morgan on Tuesday, November 17. The stock of Quality Systems, Inc. (NASDAQ:QSII) earned “Hold” rating by Jefferies on Friday, October 16.

According to Zacks Investment Research, “Quality Systems, Inc. is one of the leading developers and providers of computer-based practice management systems for medical and dental group practices. Its two wholly-owned subsidiaries are Clinitec International, Inc., and MicroMed Healthcare Information Systems, Inc. Clinitec is a developer and provider of electronic medical records systems, MicroMed provides enterprise practice management systems and services to the medical marketplace utilizing a Microsoft Windows based graphical user interface client/server platform.”

Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.04, from 1.35 in 2016Q1. The ratio is positive, as 17 funds sold all Quality Systems, Inc. shares owned while 49 reduced positions. 28 funds bought stakes while 64 increased positions. They now own 42.22 million shares or 5.66% less from 44.75 million shares in 2016Q1.
Cipher Limited Partnership accumulated 0.06% or 67,463 shares. Teacher Retirement Sys Of Texas holds 0% or 6,394 shares in its portfolio. Oak Ltd Oh owns 25,845 shares or 0.04% of their US portfolio. State Street, a Massachusetts-based fund reported 921,962 shares. Vanguard Grp Inc has 4.02M shares for 0% of their US portfolio. Victory Mngmt Inc holds 15,786 shares or 0% of its portfolio. Texas Permanent School Fund owns 34,038 shares or 0.01% of their US portfolio. National Bank Of New York Mellon reported 560,756 shares or 0% of all its holdings. Schwab Charles Inv Mgmt holds 379,263 shares or 0.01% of its portfolio. Cornercap Investment Counsel accumulated 86,460 shares or 0.2% of the stock. The California-based Blackrock Fund Advisors has invested 0.01% in Quality Systems, Inc. (NASDAQ:QSII). The Iowa-based Principal Group Incorporated Inc has invested 0.01% in Quality Systems, Inc. (NASDAQ:QSII). Thomas White International last reported 500 shares in the company. Citadel Advisors Llc holds 463,288 shares or 0.01% of its portfolio. Acadian Asset accumulated 0.07% or 1.23 million shares.

Insider Transactions: Since June 13, 2016, the stock had 2 buys, and 0 sales for $223,766 net activity. MARGOLIS JEFFREY H had bought 10,000 shares worth $124,000 on Monday, June 13. Shares for $99,766 were bought by Arnold James Robert Jr. on Tuesday, June 14.

Another recent and important Quality Systems, Inc. (NASDAQ:QSII) news was published by which published an article titled: “Quality Systems, Inc. Appoints Chief Financial Officer” on February 18, 2016.

QSII Company Profile

Quality Systems, Inc. (QSI), incorporated on April 24, 1974, primarily, through its NextGen Healthcare subsidiary, provides technology solutions and services to the ambulatory care market in the United States. The Firm is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices. The Firm operates through three divisions: the NextGen Division, the RCM Services Division and the QSI Dental Division. The Firm also provides implementation, training, support and maintenance for software and complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI). The Company’s clients include single and small practice physicians, networks of practices, such as physician hospital organizations (PHOs), management service organizations (MSOs), accountable care organizations (ACOs), ambulatory care centers, community health centers and medical and dental schools.

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