Quality Systems Receives a Hold from Cantor Fitzgerald


Cantor Fitzgerald analyst Steven Halper reiterated a Hold rating on Quality Systems (NASDAQ: QSII) yesterday and set a price target of $15. The company’s shares closed yesterday at $15.05.

Halper wrote:

“. We reiterate our Neutral rating on QSII shares, and our price target remains $15. After the market close on the company reported F4Q18 results, with revenue and adjusted EPS above our estimates and FactSet consensus expectations. Revenue for 4Q18 increased 2.6% year over year. F4Q18 bookings were $36.8 million, representing growth of 5.5% y/y on a pro-forma basis. QSII provided full-year FY19 guidance, which was in line with its previous commentary. At the mid-point, revenue growth is expected to be about 2% y/y. Management continues to expect FY20 revenue growth to be in the high single-digits.”

According to TipRanks.com, Halper is a top 100 analyst with an average return of 18.4% and a 70.8% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Hms Holdings Corp.

Quality Systems has an analyst consensus of Hold, with a price target consensus of $15.67.

See today’s analyst top recommended stocks >>

Based on Quality Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $1.54 million. In comparison, last year the company had a net profit of $4.42 million.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts