In a report released today, Mohan Naidu from Oppenheimer assigned a Hold rating to Quality Systems (NASDAQ: QSII). The company’s shares closed yesterday at $15.05.
Naidu observed:
“Quality Systems reported 4Q numbers that beat expectations at $136M/$0.16 vs. consensus of $132M/$0.13. Bookings came in at $37M, up 9% including the acquisition bookings. Management noted strong pipeline strength in the RCM segment and expected to convert some in FY19. Further, management reaffirmed its goal of high single digits growth in FY20 (and leading toward 20% operating margin) on the heels of the upsell to the existing customers. While it is encouraging to see new client traction, we believe Dream needs to provide a significant portion of the growth to achieve this goal. Weakness in the physician market place will continue to limit upside. Remain Perform.”
According to TipRanks.com, Naidu is a 5-star analyst with an average return of 10.5% and a 57.1% success rate. Naidu covers the Services sector, focusing on stocks such as Tivity Health Inc, Hms Holdings Corp, and Express Scripts.
Currently, the analyst consensus on Quality Systems is Hold and the average price target is $17.33, representing a 15.1% upside.
In a report released yesterday, Cantor Fitzgerald also reiterated a Hold rating on the stock with a $15 price target.
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The company has a one-year high of $17.74 and a one-year low of $12.24. Currently, Quality Systems has an average volume of 290.1K.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QSII in relation to earlier this year.
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Quality Systems, Inc. engages in the development and marketing of electronic health records, practice management, revenue cycle management, and interoperability solutions. It operates through the following segments: Software & Related Solutions and RCM & Related Services.
