Louisiana State Employees Retirement System boosted its position in Quality Systems, Inc. (NASDAQ:QSII) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,800 shares of the company’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Quality Systems were worth $287,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its position in Quality Systems by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,040 shares of the company’s stock valued at $114,000 after buying an additional 170 shares during the period. Zacks Investment Management bought a new position in Quality Systems during the third quarter valued at $139,000. Ellington Management Group LLC bought a new position in Quality Systems during the fourth quarter valued at $158,000. Cullen Capital Management LLC bought a new position in Quality Systems during the third quarter valued at $164,000. Finally, Hunter Associates Investment Management LLC bought a new position in Quality Systems during the fourth quarter valued at $263,000. Hedge funds and other institutional investors own 66.81% of the company’s stock.
Shares of Quality Systems, Inc. (NASDAQ:QSII) traded up 0.47% during midday trading on Monday, reaching $17.09. The company’s stock had a trading volume of 346,754 shares. Quality Systems, Inc. has a 52 week low of $10.60 and a 52 week high of $17.19. The stock has a market capitalization of $1.07 billion, a PE ratio of 58.93 and a beta of 0.86. The company has a 50 day moving average price of $15.10 and a 200-day moving average price of $14.53.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Friday, May 19th. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $132.40 million during the quarter, compared to the consensus estimate of $128.37 million. Quality Systems had a net margin of 3.58% and a return on equity of 15.88%. Quality Systems’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. On average, equities research analysts expect that Quality Systems, Inc. will post $0.70 EPS for the current year.
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QSII has been the topic of several analyst reports. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. Leerink Swann reissued a “market perform” rating and set a $16.00 price target (up from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. BidaskClub raised Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $13.00 price target on shares of Quality Systems in a report on Wednesday, March 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a strong buy rating to the company. Quality Systems presently has an average rating of “Hold” and an average price target of $12.86.
Quality Systems Company Profile
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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