State Street Corp lifted its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,187,459 shares of the company’s stock after buying an additional 60,768 shares during the period. State Street Corp owned approximately 1.87% of Quality Systems worth $20,436,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in QSII. BlackRock Inc. increased its holdings in shares of Quality Systems by 112,064.4% during the 1st quarter. BlackRock Inc. now owns 5,752,913 shares of the company’s stock worth $87,674,000 after buying an additional 5,747,784 shares during the last quarter. FMR LLC acquired a new stake in shares of Quality Systems during the 2nd quarter worth $20,233,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Quality Systems by 84.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 711,996 shares of the company’s stock worth $10,851,000 after buying an additional 325,957 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Quality Systems by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock worth $80,739,000 after buying an additional 170,698 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Quality Systems by 334.4% during the 2nd quarter. Citigroup Inc. now owns 207,537 shares of the company’s stock worth $3,572,000 after buying an additional 159,763 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.
A number of research firms have recently commented on QSII. Jefferies Group LLC restated a “hold” rating and set a $15.50 price objective (up from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Piper Jaffray Companies restated an “overweight” rating and set a $20.00 price objective (up from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. BidaskClub downgraded Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Quality Systems in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.08.
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Shares of Quality Systems, Inc. (NASDAQ QSII) opened at $13.78 on Friday. Quality Systems, Inc. has a twelve month low of $12.61 and a twelve month high of $17.74. The stock has a market capitalization of $841.74, a price-to-earnings ratio of 18.11, a P/E/G ratio of 3.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.22.
Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $132.61 million during the quarter, compared to the consensus estimate of $130.15 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. equities analysts anticipate that Quality Systems, Inc. will post 0.57 earnings per share for the current year.
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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