Revenue Update on Quality Systems(NASDAQ:QSII)

Quality Systems(NASDAQ:QSII) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $122.20M. Analysts estimated a revenue of $126.12M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.18.

In a different note, On Jun 8, 2016, Deutsche Bank said it Maintains its rating on Quality Systems. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Sell’ by the firm. On Jun 2, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Quality Systems. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm.

Quality Systems (QSII) shares turned negative on Thursdays trading session with the shares closing down -0.17 points or -1.36% at a volume of 3,11,851. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.475. The peak price level was also seen at $12.475 while the days lowest was $12.12. Finally the shares closed at $12.3. The 52-week high of the shares is $17.5 while the 52-week low is $11.1. According to the latest information available, the market cap of the company is $757 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, James Robert Jr. Arnold (CFO) purchased 8,300 shares at $12.02 per share price.Also, On Jun 14, 2016, Jeffrey H Margolis (director) purchased 10,000 shares at $12.40 per share price.On Dec 9, 2015, John R Frantz (CEO) purchased 2,500 shares at $15.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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