GHP Investment Advisors Inc. lifted its holdings in Quality Systems, Inc. (NASDAQ:QSII) by 51.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 170,804 shares of the company’s stock after purchasing an additional 57,736 shares during the quarter. GHP Investment Advisors Inc. owned about 0.27% of Quality Systems worth $2,687,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of QSII. Pinebridge Investments L.P. boosted its position in Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after acquiring an additional 86 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Quality Systems by 496.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after buying an additional 7,353 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Quality Systems by 79.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after buying an additional 4,059 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Quality Systems by 2.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after buying an additional 260 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Quality Systems in the 2nd quarter valued at approximately $173,000. Institutional investors and hedge funds own 69.27% of the company’s stock.
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A number of equities research analysts recently weighed in on the company. BidaskClub cut Quality Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Jefferies Group LLC reiterated a “hold” rating and set a $15.50 price objective on shares of Quality Systems in a research report on Sunday, October 8th. Robert W. Baird reissued a “hold” rating and set a $15.00 target price on shares of Quality Systems in a report on Sunday, September 17th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $15.00 target price on shares of Quality Systems in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.07.
Shares of Quality Systems, Inc. (NASDAQ:QSII) traded down $0.12 during mid-day trading on Friday, reaching $13.66. The company’s stock had a trading volume of 265,439 shares, compared to its average volume of 320,165. The company has a market capitalization of $877.39, a P/E ratio of 18.22, a P/E/G ratio of 3.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.23. Quality Systems, Inc. has a 1-year low of $12.61 and a 1-year high of $17.74.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. The business had revenue of $132.61 million during the quarter, compared to the consensus estimate of $130.15 million. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. research analysts predict that Quality Systems, Inc. will post 0.57 EPS for the current year.
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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