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

Several equities analysts have recently weighed in on the company. Deutsche Bank AG restated a “sell” rating on shares of Quality Systems in a research report on Sunday, May 22nd. KeyCorp reaffirmed a “sell” rating on shares of Quality Systems in a report on Sunday, May 22nd. FBR & Co reaffirmed a “hold” rating on shares of Quality Systems in a report on Sunday, May 22nd. SunTrust Banks Inc. increased their price target on Quality Systems from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 2nd. Finally, Leerink Swann reaffirmed a “hold” rating on shares of Quality Systems in a report on Wednesday, June 8th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.63.

The company has a 50-day moving average of $12.36 and a 200-day moving average of $13.52. The stock’s market capitalization is $707.93 million.

Quality Systems (NASDAQ:QSII) last posted its 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 in the prior year, the firm posted $0.16 earnings per share. The company earned $122.20 million during the quarter, compared to analysts’ expectations of $126.30 million. The business’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts predict that Quality Systems Inc. will post $0.76 EPS for the current year.

In related news, CFO James Robert Jr. Arnold bought 8,300 shares of Quality Systems stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average price of $12.02 per share, with a total value of $99,766.00. Following the purchase, the chief financial officer now owns 88,324 shares in the company, valued at $1,061,654.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey H. Margolis bought 10,000 shares of Quality Systems stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average cost of $12.40 per share, for a total transaction of $124,000.00. The disclosure for this purchase can be found here.

An institutional investor recently bought a new position in Quality Systems stock. Matarin Capital Management LLC bought a new position in shares of Quality Systems Inc. (NASDAQ:QSII) during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 approximately 0.67% of Quality Systems at the end of the most recent 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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