American Century Companies Inc. decreased its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 29.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 124,462 shares of the company’s stock after selling 52,958 shares during the quarter. American Century Companies Inc.’s holdings in Quality Systems were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its stake in Quality Systems by 8.9% during the 3rd quarter. Prudential Financial Inc. now owns 146,202 shares of the company’s stock worth $2,299,000 after acquiring an additional 11,965 shares during the period. First Trust Advisors LP bought a new stake in Quality Systems during the 3rd quarter worth approximately $278,000. Foundry Partners LLC raised its stake in Quality Systems by 3.3% during the 4th quarter. Foundry Partners LLC now owns 292,105 shares of the company’s stock worth $3,967,000 after acquiring an additional 9,320 shares during the period. GHP Investment Advisors Inc. raised its position in shares of Quality Systems by 51.1% during the third quarter. GHP Investment Advisors Inc. now owns 170,804 shares of the company’s stock valued at $2,687,000 after buying an additional 57,736 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Quality Systems by 1.7% during the second quarter. Northern Trust Corp now owns 657,054 shares of the company’s stock valued at $11,308,000 after buying an additional 11,289 shares during the last quarter. Institutional investors own 67.43% of the company’s stock.
Quality Systems, Inc. (NASDAQ QSII) opened at $12.65 on Tuesday. Quality Systems, Inc. has a fifty-two week low of $12.24 and a fifty-two week high of $17.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $800.88, a price-to-earnings ratio of 45.18, a P/E/G ratio of 2.88 and a beta of 0.73.
QSII has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Piper Jaffray Companies reiterated a “buy” rating and set a $17.00 price objective on shares of Quality Systems in a research report on Friday, January 26th. BidaskClub cut shares of Quality Systems from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 21st. Citigroup initiated coverage on shares of Quality Systems in a research report on Thursday, January 4th. They set a “sell” rating and a $13.00 price objective on the stock. Finally, SunTrust Banks reiterated a “hold” rating and set a $15.00 price objective on shares of Quality Systems in a research report on Friday, November 17th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.44.
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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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