FTB Advisors Inc. Has $114,000 Position in Quality Systems Inc. (QSII)
FTB Advisors Inc. held its stake in shares of Quality Systems Inc. (NASDAQ:QSII) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,575 shares of the company’s stock at the end of the second quarter. FTB Advisors Inc.’s holdings in Quality Systems were worth $114,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. raised its stake in shares of Quality Systems by 64.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 66,273 shares of the company’s stock worth $789,000 after buying an additional 25,900 shares during the period. Hartford Investment Management Co. acquired a new stake in Quality Systems during the second quarter valued at approximately $131,000. Alpha Windward LLC acquired a new stake in Quality Systems during the second quarter valued at approximately $361,000. BNP Paribas Arbitrage SA raised its stake in Quality Systems by 124.4% in the second quarter. BNP Paribas Arbitrage SA now owns 14,532 shares of the company’s stock valued at $173,000 after buying an additional 8,055 shares during the last quarter. Finally, Springbok Capital Management LLC raised its stake in Quality Systems by 98.6% in the first quarter. Springbok Capital Management LLC now owns 18,027 shares of the company’s stock valued at $275,000 after buying an additional 8,949 shares during the last quarter. 70.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quality Systems Inc. (NASDAQ:QSII) traded down 0.24% during mid-day trading on Wednesday, hitting $12.24. 365,507 shares of the stock were exchanged. The stock’s market cap is $752.83 million. The company has a 50-day moving average of $11.47 and a 200 day moving average of $12.59. Quality Systems Inc. has a one year low of $10.61 and a one year high of $17.50.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm earned $122.20 million during the quarter, compared to analysts’ expectations of $126.30 million. Quality Systems had a negative net margin of 0.27% and a positive return on equity of 14.81%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. On average, equities analysts predict that Quality Systems Inc. will post $0.76 earnings per share for the current year.
Several equities research analysts have commented on the stock. FBR & Co reaffirmed a “hold” rating on shares of Quality Systems in a report on Monday, August 1st. Jefferies Group reaffirmed a “hold” rating and issued a $13.00 price target (down from $15.00) on shares of Quality Systems in a report on Tuesday, August 2nd. KeyCorp reaffirmed a “sell” rating and issued a $11.00 price target on shares of Quality Systems in a report on Friday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Quality Systems from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Finally, Deutsche Bank AG lowered their price target on shares of Quality Systems from $12.00 to $11.00 and set a “sell” rating on the stock in a report on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price 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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