Quality Systems Inc. (QSII) Shares Down 2.1%
Shares of Quality Systems Inc. (NASDAQ:QSII) dropped 2.1% during trading on Thursday . The company 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 topic of a number of recent research reports. Zacks Investment Research upgraded shares of Quality Systems from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, April 5th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Quality Systems in a research note on Thursday, April 28th. Topeka Capital Markets lowered their target price on shares of Quality Systems from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, May 20th. Deutsche Bank AG reiterated a “sell” rating on shares of Quality Systems in a research note on Sunday, May 22nd. Finally, KeyCorp reiterated a “sell” rating on shares of Quality Systems in a research note on Sunday, May 22nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.31.
The stock has a 50 day moving average price of $12.24 and a 200 day moving average price of $14.22. The stock has a market cap of $762.24 million and a price-to-earnings ratio of 138.89.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, May 19th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The business had revenue of $127.91 million for the quarter. Quality Systems’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. On average, equities research analysts expect that Quality Systems Inc. will post $0.81 earnings per share for the current year.
In other Quality Systems news, Director Jeffrey H. Margolis bought 10,000 shares of the company’s stock in a transaction on Monday, June 13th. The shares were bought at an average cost of $12.40 per share, for a total transaction of $124,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James Robert Jr. Arnold bought 8,300 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were acquired at an average price of $12.02 per share, for a total transaction of $99,766.00. Following the completion of the acquisition, the chief financial officer now owns 88,324 shares in the company, valued at $1,061,654.48. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Quality Systems by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,581,600 shares of the company’s stock valued at $25,496,000 after buying an additional 28,359 shares during the last quarter. Matarin Capital Management LLC purchased a new stake in Quality Systems during the fourth quarter valued at approximately $6,577,000. 1492 Capital Management LLC raised its stake in Quality Systems by 4.8% in the fourth quarter. 1492 Capital Management LLC now owns 188,109 shares of the company’s stock valued at $3,032,000 after buying an additional 8,632 shares during the last quarter. Afam Capital Inc. raised its stake in Quality Systems by 2.2% in the fourth quarter. Afam Capital Inc. now owns 100,020 shares of the company’s stock valued at $1,612,000 after buying an additional 2,159 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its stake in Quality Systems by 56.6% in the fourth quarter. Seizert Capital Partners LLC now owns 243,585 shares of the company’s stock valued at $3,926,000 after buying an additional 88,074 shares during 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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