Auriga Maintains a 'Hold' on Quality Systems (QSII); In-line Quarter, Few Surprises (This Time)

Auriga maintains a 'Hold' on Quality Systems (NASDAQ: QSII) price target of $42.00.

Auriga analyst says, "Commentary was fairly upbeat with strong showings on the ambulatory and inpatient side of the business. The company made a point of stressing greenfield opportunities remain robust. Meanwhile, our hesitation on the name stems from execution risk relating to relatively new forays into revenue cycle and the rural inpatient market, which if successful, can seemingly offset what we anticipate to be a slowdown in new business at the high end of the ambulatory market. Our $42 target is unchanged, and with 7% upside, we prefer to stay on the sidelines for better opportunities."

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 $39.38 yesterday.

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