Quality Systems Inc. (QSII) Trading Down 2.1%
Shares of Quality Systems Inc. (NASDAQ:QSII) dropped 2.1% during trading on Thursday . The stock traded as low as $12.55 and last traded at $12.55, with a volume of 172,619 shares trading hands. The stock had previously closed at $12.82.
QSII has been the subject of several research analyst reports. Leerink Swann reaffirmed a “hold” rating on shares of Quality Systems in a research note on Wednesday, June 8th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Quality Systems in a research note on Thursday, April 28th. KeyCorp reaffirmed a “sell” rating on shares of Quality Systems in a research note on Sunday, May 22nd. Topeka Capital Markets cut their target price on shares of Quality Systems from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 20th. Finally, Deutsche Bank AG reissued a “sell” rating on shares of Quality Systems in a research note on Sunday, May 22nd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.31.
The firm has a market capitalization of $768.34 million and a price-to-earnings ratio of 140.00. The company’s 50 day moving average is $12.23 and its 200-day moving average is $14.21.
Quality Systems (NASDAQ:QSII) last released its earnings results on Thursday, May 19th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The business had revenue of $127.91 million for the quarter. During the same period last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts expect that Quality Systems Inc. will post $0.81 earnings per share for the current year.
In other Quality Systems news, CFO James Robert Jr. Arnold bought 8,300 shares of the company’s stock in a transaction dated Tuesday, June 14th. The stock was acquired at an average price of $12.02 per share, with a total value of $99,766.00. Following the completion of the acquisition, the chief financial officer now directly owns 88,324 shares of the company’s stock, valued at $1,061,654.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey H. Margolis bought 10,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $12.40 per share, with a total value of $124,000.00. The disclosure for this purchase can be found here.
Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Quality Systems by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,581,600 shares of the company’s stock worth $25,496,000 after buying an additional 28,359 shares in the last quarter. Matarin Capital Management LLC purchased a new stake in shares of Quality Systems during the fourth quarter worth about $6,577,000. 1492 Capital Management LLC raised its stake in shares of Quality Systems by 4.8% in the fourth quarter. 1492 Capital Management LLC now owns 188,109 shares of the company’s stock worth $3,032,000 after buying an additional 8,632 shares in the last quarter. Afam Capital Inc. raised its stake in shares of Quality Systems by 2.2% in the fourth quarter. Afam Capital Inc. now owns 100,020 shares of the company’s stock worth $1,612,000 after buying an additional 2,159 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its stake in shares of Quality Systems by 56.6% in the fourth quarter. Seizert Capital Partners LLC now owns 243,585 shares of the company’s stock worth $3,926,000 after buying an additional 88,074 shares in the last quarter.
Quality Systems, Inc is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI).
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