Goldman Sachs Neutral On Quality Systems

Goldman Sachs is out with a research report on Quality Systems, Inc. QSII and it has a Neutral rating and a $95 price target on shares. In a note to clients, Goldman Sachs writes, "Quality Systems (QSII, Neutral) reported fiscal 1Q 2012 (ending June 30) results. Revenues of $100.4mn were higher than our estimate of $97.6mn and consensus of $99.0mn. EPS of $0.65 were higher than our estimate of $0.59 and consensus of $0.61. Management continued to state that they are “in general agreement with the consensus view of analysts for revenue ($426mn) and EPS ($2.79).” We are increasing our F2012/F2013/F2014 EPS estimates slightly to $2.78/$3.31/$3.93 from $2.72/$3.28/$3.90 due to the higher F1Q results and an improved GM outlook." Shares of QSII gained $3.70 yesterday to close at $89.87.