Shares of Irvine healthcare technology company Quality Systems Inc. fell Thursday after an analyst downgraded the stock.
Quality was down 5% on a market value of $1.1 billion.
Analyst Gene Mannheimer of Auriga USA, a New York-based brokerage, said he downgraded the stock because its price was hovering near his $43 price target.
Quality’s shares closed at $41 on Wednesday.
Mannheimer said he thinks Quality’s upside is “limited in the near term, given that the environment for health IT spending has turned more cautionary at year-end.”
Quality’s shares last month rose on optimism that healthcare technology could get a boost from the Obama administration, which is proposing to spend $20 billion on technology as part of an overall healthcare stimulus package.
