First Trust Advisors LP bought a new stake in shares of Quality Systems, Inc. (NASDAQ:QSII) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,689 shares of the company’s stock, valued at approximately $278,000.
Several other large investors have also recently bought and sold shares of QSII. Pinebridge Investments L.P. increased its holdings in shares of Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock valued at $105,000 after purchasing an additional 86 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Quality Systems during the 2nd quarter valued at approximately $173,000. Municipal Employees Retirement System of Michigan increased its holdings 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 valued at $188,000 after purchasing an additional 400 shares in the last quarter. Koch Industries Inc. acquired a new stake in Quality Systems in the 2nd quarter valued at $189,000. Finally, Trexquant Investment LP acquired a new stake in Quality Systems in the 2nd quarter valued at $250,000. 72.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Quality Systems, Inc. (NASDAQ QSII) opened at $13.84 on Tuesday. Quality Systems, Inc. has a one year low of $12.61 and a one year high of $17.74. The stock has a market cap of $882.49, a price-to-earnings ratio of 18.99, a P/E/G ratio of 3.17 and a beta of 0.83. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The company had revenue of $132.61 million for the quarter, compared to analysts’ expectations of $130.15 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. equities analysts expect that Quality Systems, Inc. will post 0.57 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research note on Sunday, September 17th. KeyCorp reissued a “sell” rating on shares of Quality Systems in a research note on Sunday, September 17th. Cantor Fitzgerald reissued a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research note on Thursday, September 14th. BidaskClub cut shares of Quality Systems from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Three 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.07.
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Quality Systems 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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