Wells Fargo Starts Quality Systems (QSII) at Market Perform; Strong Track Record, But Fairly Valued
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Price: $18.23 -0.98%
Rating Summary:
6 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
6 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade QSII Now!
Wells Fargo initiates coverage on Quality Systems (NASDAQ: QSII) with a Market Perform. PT range $30-32.
Analyst, Jamie Stockton, said, "The company provides billing and electronic health record (EHR) software to an estimated 10% of physicians in the United States. While organic revenue growth has been strong at 15-20% over the past few years, we expect a significant deceleration to midsingle-digit growth by CY2014 as the current government EHR incentive program winds down after CY2013. While the company may be able to supplement its growth with acquisitions or international deals, we view the shares as being fairly valued."
For an analyst ratings summary and ratings history on Quality Systems click here. For more ratings news on Quality Systems click here.
Shares of Quality Systems closed at $29.25 yesterday, with a 52 week range of $28.75-$101.40.
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Analyst, Jamie Stockton, said, "The company provides billing and electronic health record (EHR) software to an estimated 10% of physicians in the United States. While organic revenue growth has been strong at 15-20% over the past few years, we expect a significant deceleration to midsingle-digit growth by CY2014 as the current government EHR incentive program winds down after CY2013. While the company may be able to supplement its growth with acquisitions or international deals, we view the shares as being fairly valued."
For an analyst ratings summary and ratings history on Quality Systems click here. For more ratings news on Quality Systems click here.
Shares of Quality Systems closed at $29.25 yesterday, with a 52 week range of $28.75-$101.40.
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