JPMorgan Chase & Co. boosted its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 20,380.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,569 shares of the company’s stock after buying an additional 125,951 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Quality Systems worth $1,929,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of QSII. Malaga Cove Capital LLC purchased a new position in Quality Systems during the first quarter worth $520,000. BNP Paribas Arbitrage SA boosted its position in Quality Systems by 9.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock worth $163,000 after buying an additional 952 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Quality Systems by 20.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 41,698 shares of the company’s stock worth $548,000 after buying an additional 6,967 shares during the last quarter. Norges Bank purchased a new position in Quality Systems during the fourth quarter worth $21,827,000. Finally, Thrivent Financial for Lutherans boosted its position in Quality Systems by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,930 shares of the company’s stock worth $328,000 after buying an additional 1,720 shares during the last quarter. 66.76% of the stock is owned by institutional investors.
Shares of Quality Systems, Inc. (NASDAQ:QSII) opened at 17.41 on Tuesday. Quality Systems, Inc. has a 1-year low of $10.60 and a 1-year high of $17.55. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 60.03 and a beta of 0.87. The company’s 50-day moving average is $15.81 and its 200 day moving average is $14.77.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Friday, May 19th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $132.40 million for the quarter, compared to analyst estimates of $128.37 million. Quality Systems had a net margin of 3.58% and a return on equity of 15.88%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. On average, equities research analysts expect that Quality Systems, Inc. will post $0.70 EPS for the current fiscal year.
QSII has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. Leerink Swann reaffirmed a “market perform” rating and set a $16.00 price target (up previously from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. BidaskClub raised shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Quality Systems in a research report on Wednesday, March 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.56.
About Quality Systems
Quality Systems, Inc (QSI) primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices.
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