In a report published Tuesday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Underweight rating and $15.00 price target on Quality Systems QSII.
In the report, Morgan Stanley noted, “RCM services key to growth in FY15. With penetration into current installed base only at 6%, QSII sees cross-selling opportunity as an important growth driver. RCM bookings up 29% y/y FY14, provide visibility into FY15. Excluding the known loss of a historically large client (HMA), RCM top-line growth would have been > 20% in FY14.”
Quality Systems closed on Monday at $15.82.
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