Quality Systems Inc. (NASDAQ:QSII) was down 2.8% during trading on Thursday . The company traded as low as $11.39 and last traded at $11.63, with a volume of 350,584 shares trading hands. The stock had previously closed at $11.96.

A number of equities research analysts have recently commented on QSII shares. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Quality Systems in a research report on Thursday, April 28th. Topeka Capital Markets dropped their target price on Quality Systems from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, May 20th. Deutsche Bank AG restated a “sell” rating on shares of Quality Systems in a research report on Sunday, May 22nd. KeyCorp restated a “sell” rating on shares of Quality Systems in a research report on Sunday, May 22nd. Finally, FBR & Co reaffirmed a “hold” rating on shares of Quality Systems in a research note on Sunday, May 22nd. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.63.

The company’s 50 day moving average is $12.37 and its 200-day moving average is $13.55. The stock’s market cap is $712.85 million.

Quality Systems (NASDAQ:QSII) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. During the same quarter last year, the business posted $0.16 EPS. The firm had revenue of $122.20 million for the quarter, compared to analyst estimates of $126.30 million. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts forecast that Quality Systems Inc. will post $0.76 earnings per share for the current year.

In related news, CFO James Robert Jr. Arnold bought 8,300 shares of the stock in a transaction on Tuesday, June 14th. The shares were bought at an average cost of $12.02 per share, for a total transaction of $99,766.00. Following the completion of the transaction, the chief financial officer now owns 88,324 shares of the company’s stock, valued at approximately $1,061,654.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey H. Margolis bought 10,000 shares of the stock in a transaction on Monday, June 13th. The shares were bought at an average price of $12.40 per share, for a total transaction of $124,000.00. The disclosure for this purchase can be found here.

A hedge fund recently bought a new stake in Quality Systems stock. Matarin Capital Management LLC bought a new stake in Quality Systems Inc. (NASDAQ:QSII) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 408,029 shares of the company’s stock, valued at approximately $6,577,000. Quality Systems makes up 1.0% of Matarin Capital Management LLC’s portfolio, making the stock its 15th largest position. Matarin Capital Management LLC owned 0.67% of Quality Systems as of its most recent SEC filing.

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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