Standpoint Research Starts Quality Systems (QSII) at Accumulate; Looking Like A Bottom

Standpoint Research initiates coverage on Quality Systems (NASDAQ: QSII) with an Accumulate. PT $31.00.

Analyst, Ronnie Moas, said, "QSII is a name I had been watching recently and I have decided to try and pick a bottom here in the mid-$20s...50% off its 52-week high. In our Healthcare sector report from Tuesday, QSII ranked # 2 out of 200 names according to our 155-variable computer model. The shares are a bit expensive if we look at the 20X P/E based on trailing twelve months earnings, but that drops to 13X when we look out to 2013-2014. Additionally, the ttm P/E is skewed because some revenue that was expected in calendar Q1 got pushed to Q3/Q4."

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 $26.00 yesterday.

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