Raleigh, N.C. The Technology Stock Advisor, an online newsletter about investing in technology stocks, issued a sell recommendation on Quality Systems, today.
“Quality Systems is a terrific technology stock, and has been in our active investment portfolio since November of 2007,” said Tom Vass, the investment advisor to the newsletter.
The initial target price to buy the stock was set to buy below $31 per share, and the target price to sell was set at $45.
“Our patented investment strategy suggests to us that technology stocks generally move in a 3 year cycle related to spending on research and development and introduction of new products,” explained Vass. “QSII met all of our initial screening criteria, and moved up fairly quickly in price over a seven month period of time. It is important to our business method to take the capital gain, whenever that moment arrives.”
Quality Systems, Inc. engages in the development and marketing of healthcare information systems in the United States. Its system automates various aspects of medical and dental practices, and networks of practices, such as physician hospital organizations and management service organizations, ambulatory care centers, community health centers, and medical and dental schools. The company offers proprietary electronic medical records software and practice management systems under the NextGen3 product name.
