Price Action Don’t Lie: What’s Ahead for Quality Systems, Inc. After Today’s Huge Decline?

Price Action Don't Lie: What's Ahead for Quality Systems, Inc. After Today's Huge Decline?

The stock of Quality Systems, Inc. (NASDAQ:QSII) is a huge mover today! About 379,152 shares traded hands or 47.65% up from the average. 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.
The move comes after 8 months negative chart setup for the $671.81M company. It was reported on Oct, 6 by Barchart.com. We have $10.11 PT which if reached, will make NASDAQ:QSII worth $40.31 million less.

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 14.93 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. RBC Capital Markets maintained the shares of QSII in a report on Friday, January 29 with “Sector Perform” rating. On Thursday, July 23 the stock rating was maintained by FBR Capital with “Mkt Perform”. The stock of Quality Systems, Inc. (NASDAQ:QSII) earned “Sector Perform” rating by RBC Capital Markets on Monday, July 27. The stock of Quality Systems, Inc. (NASDAQ:QSII) earned “Buy” rating by Topeka Capital Markets on Friday, July 24. The firm earned “Overweight” rating on Monday, January 25 by Piper Jaffray. The stock has “Hold” rating given by Jefferies on Tuesday, August 2. As per Friday, May 20, the company rating was maintained by Topeka Capital Markets. On Friday, October 16 the stock rating was reinitiated by Jefferies with “Hold”. The stock of Quality Systems, Inc. (NASDAQ:QSII) has “Outperform” rating given on Monday, January 4 by Raymond James. The firm earned “Neutral” rating on Thursday, June 2 by SunTrust.

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 2016 Q2. Its up 0.04, from 1.35 in 2016Q1. The ratio improved, 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.
Martin Com Tn reported 79,948 shares or 0.31% of all its holdings. Barclays Plc has 25,151 shares for 0% of their US portfolio. Moreover, Sei has 0% invested in Quality Systems, Inc. (NASDAQ:QSII) for 7,690 shares. Art Ltd Llc reported 80,040 shares or 0.05% of all its holdings. Nationwide Fund last reported 321,988 shares in the company. Stoneridge Inv Partners Ltd holds 21,626 shares or 0.04% of its portfolio. Budros Ruhlin And Roe Inc accumulated 10,000 shares or 0.04% of the stock. New Amsterdam Prtn Ltd Liability Company Ny holds 0.9% or 312,392 shares in its portfolio. Thomas White International holds 0% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII) for 500 shares. Matarin Cap Management Ltd Llc has invested 0% of its portfolio in Quality Systems, Inc. (NASDAQ:QSII). Roberts Glore Il has 0.21% invested in the company for 23,157 shares. One Trading L P holds 0% or 10,140 shares in its portfolio. Spark Investment Mngmt Ltd Liability Com owns 64,500 shares or 0.07% of their US portfolio. Voya Invest Mngmt Ltd Com, a Georgia-based fund reported 20,850 shares. Cambiar Invsts Ltd Liability Com has 0.34% invested in the company for 2.04 million shares.

Insider Transactions: Since June 13, 2016, the stock had 2 insider purchases, and 0 sales for $223,766 net activity. On Tuesday, June 14 the insider Arnold James Robert Jr. bought $99,766. $124,000 worth of Quality Systems, Inc. (NASDAQ:QSII) was bought by MARGOLIS JEFFREY H.

More news for Quality Systems, Inc. (NASDAQ:QSII) were recently published by: Businesswire.com, which released: “Quality Systems, Inc. Appoints Chief Financial Officer” on February 18, 2016. Ocbj.com‘s article titled: “Quality Systems Cutting Jobs, Restructuring” and published on April 28, 2016 is yet another important article.

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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