SG Americas Securities LLC lessened its holdings in shares of Quality Systems, Inc. (NASDAQ:QSII) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,199 shares of the company’s stock after selling 9,520 shares during the period. SG Americas Securities LLC’s holdings in Quality Systems were worth $288,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in Quality Systems during the 3rd quarter valued at about $199,000. Macquarie Group Ltd. purchased a new stake in Quality Systems during the 3rd quarter valued at about $220,000. Municipal Employees Retirement System of Michigan boosted its holdings in Quality Systems by 59.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 17,410 shares of the company’s stock valued at $274,000 after purchasing an additional 6,510 shares during the last quarter. First Trust Advisors LP acquired a new position in Quality Systems in the 3rd quarter valued at about $278,000. Finally, NJ State Employees Deferred Compensation Plan boosted its holdings in Quality Systems by 33.3% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 20,000 shares of the company’s stock valued at $315,000 after purchasing an additional 5,000 shares during the last quarter. 67.43% of the stock is owned by institutional investors.
Quality Systems, Inc. (NASDAQ:QSII) opened at $12.55 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12. The firm has a market cap of $804.71, a PE ratio of 44.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.73. Quality Systems, Inc. has a fifty-two week low of $12.24 and a fifty-two week high of $17.74.
Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. BidaskClub lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Citigroup assumed coverage on shares of Quality Systems in a report on Thursday, January 4th. They issued a “sell” rating and a $13.00 target price on the stock. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 target price on shares of Quality Systems in a report on Friday, January 26th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.44.
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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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