Hanson & Doremus Investment Management Has $165,000 Position in Quality Systems Inc. (QSII)
Hanson & Doremus Investment Management reduced its position in shares of Quality Systems Inc. (NASDAQ:QSII) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 13,830 shares of the company’s stock after selling 215 shares during the period. Hanson & Doremus Investment Management’s holdings in Quality Systems were worth $165,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of QSII. Hartford Investment Management Co. bought a new stake in shares of Quality Systems during the second quarter worth $131,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Quality Systems during the second quarter worth $171,000. BNP Paribas Arbitrage SA boosted its stake in shares of Quality Systems by 124.4% in the second quarter. BNP Paribas Arbitrage SA now owns 14,532 shares of the company’s stock worth $173,000 after buying an additional 8,055 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Quality Systems during the second quarter worth $205,000. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Quality Systems during the second quarter worth $258,000. Hedge funds and other institutional investors own 70.16% of the company’s stock.
Quality Systems Inc. (NASDAQ:QSII) traded down 0.97% during midday trading on Tuesday, hitting $12.28. The stock had a trading volume of 192,165 shares. The company’s 50 day moving average is $11.45 and its 200 day moving average is $12.61. Quality Systems Inc. has a 1-year low of $10.61 and a 1-year high of $17.50. The company’s market cap is $755.29 million.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. Quality Systems had a positive return on equity of 14.81% and a negative net margin of 0.27%. The business had revenue of $122.20 million for the quarter, compared to the consensus estimate of $126.30 million. During the same quarter in the previous year, the business posted $0.16 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that Quality Systems Inc. will post $0.76 earnings per share for the current fiscal year.
QSII has been the subject of several research analyst reports. Zacks Investment Research raised Quality Systems from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 20th. Deutsche Bank AG cut their price objective on Quality Systems from $12.00 to $11.00 and set a “sell” rating for the company in a research report on Friday, July 29th. JPMorgan Chase & Co. cut their price objective on Quality Systems from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. KeyCorp reissued a “sell” rating and set a $11.00 price objective on shares of Quality Systems in a research report on Friday, July 29th. Finally, Jefferies Group reissued a “hold” rating and set a $13.00 price objective (down previously from $15.00) on shares of Quality Systems in a research report on Tuesday, August 2nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.63.
Quality Systems Company Profile
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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