Quality Systems (QSII) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $11. The average forecast of all the analysts is $13.6 and the expected standard deviation is $2.01.
Quality Systems (QSII) : 14 analysts are covering Quality Systems (QSII) and their average rating on the stock is 2.88, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Quality Systems (QSII) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, In a research note released to the investors, Jefferies maintains its rating on Quality Systems (NASDAQ:QSII).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $15 per share to $13 per share. The rating by the firm was issued on August 2, 2016.
Quality Systems (NASDAQ:QSII): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.79 and $11.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.78, notching a gain of 0.08% for the day. The total traded volume was 319,629 . The stock had closed at $11.77 on the previous day.
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 (PHOs) 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.