Sei Investments Co. boosted its holdings in Quality Systems, Inc. (NASDAQ:QSII) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,695 shares of the company’s stock after purchasing an additional 10 shares during the period. Sei Investments Co.’s holdings in Quality Systems were worth $132,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Texas Permanent School Fund lifted its stake in Quality Systems by 1.3% in the second quarter. Texas Permanent School Fund now owns 33,875 shares of the company’s stock worth $583,000 after purchasing an additional 423 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Quality Systems by 2,124.2% in the second quarter. Bessemer Group Inc. now owns 73,400 shares of the company’s stock valued at $1,263,000 after acquiring an additional 70,100 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Quality Systems by 6.1% in the second quarter. Great West Life Assurance Co. Can now owns 67,437 shares of the company’s stock valued at $1,160,000 after acquiring an additional 3,900 shares during the period. Bowling Portfolio Management LLC purchased a new position in shares of Quality Systems in the second quarter valued at about $1,725,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Quality Systems by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock valued at $188,000 after acquiring an additional 400 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Quality Systems from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Leerink Swann restated a “market perform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Jefferies Group LLC restated a “hold” rating and issued a $15.50 price objective (up previously from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Finally, TheStreet cut shares of Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Quality Systems has a consensus rating of “Hold” and a consensus target price of $14.50.
Quality Systems, Inc. (QSII) opened at 16.12 on Wednesday. The company’s 50 day moving average is $16.05 and its 200 day moving average is $15.58. Quality Systems, Inc. has a 12 month low of $10.61 and a 12 month high of $17.74. The stock has a market cap of $1.02 billion, a PE ratio of 45.03 and a beta of 0.89.
Quality Systems (NASDAQ:QSII) last released its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $130.90 million during the quarter, compared to analyst estimates of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. On average, analysts anticipate that Quality Systems, Inc. will post $0.67 EPS for the current fiscal year.
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In other news, Director Russell Pflueger sold 20,968 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $15.75, for a total value of $330,246.00. Following the completion of the sale, the director now owns 46,745 shares in the company, valued at approximately $736,233.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.90% of the stock is currently owned by company insiders.
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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