Pinebridge Investments L.P. lifted its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 795.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 54,762 shares of the company’s stock after acquiring an additional 48,649 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.09% of Quality Systems worth $861,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of QSII. Piedmont Investment Advisors LLC bought a new position in shares of Quality Systems during the 2nd quarter worth $173,000. Municipal Employees Retirement System of Michigan grew its stake in shares of Quality Systems by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock worth $188,000 after acquiring an additional 400 shares during the period. Koch Industries Inc. bought a new position in shares of Quality Systems during the 2nd quarter worth $189,000. Victory Capital Management Inc. bought a new position in shares of Quality Systems during the 3rd quarter worth $199,000. Finally, Macquarie Group Ltd. bought a new position in shares of Quality Systems during the 3rd quarter worth $220,000. Institutional investors own 72.25% of the company’s stock.
Quality Systems, Inc. (NASDAQ QSII) opened at $13.86 on Friday. Quality Systems, Inc. has a 12 month low of $12.61 and a 12 month high of $17.74. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $882.49, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.18 and a beta of 0.83.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business had revenue of $132.61 million during the quarter, compared to the consensus estimate of $130.15 million. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. equities analysts expect that Quality Systems, Inc. will post 0.57 earnings per share for the current year.
QSII has been the subject of several research reports. TheStreet downgraded Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BidaskClub downgraded Quality Systems from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Oppenheimer reiterated a “hold” rating on shares of Quality Systems in a research note on Friday, September 15th. Cantor Fitzgerald reiterated a “hold” rating and set a $15.00 price target on shares of Quality Systems in a research note on Thursday, September 14th. Finally, Robert W. Baird reiterated a “hold” rating and set a $15.00 price target on shares of Quality Systems in a research note on Sunday, September 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Quality Systems has an average rating of “Hold” and a consensus price target of $15.07.
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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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