Stoneridge Investment Partners LLC purchased a new position in shares of Quality Systems Inc. (NASDAQ:QSII) during the second quarter, Holdings Channel reports. The institutional investor purchased 21,626 shares of the company’s stock, valued at approximately $258,000.
Several other large investors also recently bought and sold shares of QSII. JPMorgan Chase & Co. increased its stake in Quality Systems by 831.6% in the first quarter. JPMorgan Chase & Co. now owns 365,063 shares of the company’s stock worth $5,564,000 after buying an additional 325,876 shares during the last quarter. Hancock Holding Co. bought a new stake in Quality Systems during the first quarter worth about $1,507,000. Prudential Financial Inc. increased its stake in Quality Systems by 14.2% in the first quarter. Prudential Financial Inc. now owns 606,507 shares of the company’s stock worth $9,243,000 after buying an additional 75,507 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Quality Systems by 35.1% in the first quarter. TIAA CREF Investment Management LLC now owns 257,728 shares of the company’s stock worth $3,928,000 after buying an additional 66,935 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Quality Systems during the second quarter worth about $582,000. Institutional investors own 70.17% of the company’s stock.
Quality Systems Inc. (NASDAQ:QSII) remained flat at $11.49 during mid-day trading on Friday. The company had a trading volume of 184,951 shares. The stock’s market capitalization is $706.70 million. Quality Systems Inc. has a 12 month low of $11.10 and a 12 month high of $17.50. The stock’s 50-day moving average price is $11.78 and its 200-day moving average price is $13.02.
Quality Systems (NASDAQ:QSII) last posted its earnings results on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. Quality Systems had a negative net margin of 0.27% and a positive return on equity of 14.81%. The firm earned $122.20 million during the quarter, compared to analyst estimates of $126.30 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts forecast that Quality Systems Inc. will post $0.76 earnings per share for the current fiscal year.
QSII has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Quality Systems from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Wednesday, July 20th. Jefferies Group reiterated a “hold” rating and set a $13.00 price target (down from $15.00) on shares of Quality Systems in a research report on Tuesday, August 2nd. FBR & Co reiterated a “hold” rating on shares of Quality Systems in a research report on Monday, August 1st. KeyCorp reiterated a “sell” rating and set a $11.00 price target on shares of Quality Systems in a research report on Friday, July 29th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Quality Systems in a research report on Wednesday, June 8th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.63.
About Quality Systems
Quality Systems, Inc is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI).
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