AQR Capital Management LLC boosted its stake in Quality Systems, Inc. (NASDAQ:QSII) by 37.7% during the first quarter, Holdings Channel reports. The fund owned 336,515 shares of the company’s stock after buying an additional 92,187 shares during the period. AQR Capital Management LLC’s holdings in Quality Systems were worth $5,128,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QSII. Brown Capital Management LLC raised its position in shares of Quality Systems by 0.3% in the first quarter. Brown Capital Management LLC now owns 9,521,956 shares of the company’s stock valued at $145,115,000 after buying an additional 27,100 shares during the last quarter. BlackRock Inc. raised its position in shares of Quality Systems by 112,064.4% in the first quarter. BlackRock Inc. now owns 5,752,913 shares of the company’s stock valued at $87,674,000 after buying an additional 5,747,784 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Quality Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 4,520,668 shares of the company’s stock valued at $68,895,000 after buying an additional 113,042 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Quality Systems by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,978,218 shares of the company’s stock valued at $30,148,000 after buying an additional 89,918 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Quality Systems during the fourth quarter valued at $21,827,000. 66.76% of the stock is currently owned by institutional investors.

Quality Systems, Inc. (NASDAQ:QSII) opened at 17.41 on Tuesday. The stock’s 50 day moving average price is $15.81 and its 200-day moving average price is $14.77. Quality Systems, Inc. has a one year low of $10.60 and a one year high of $17.55. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 60.03 and a beta of 0.87.

Quality Systems (NASDAQ:QSII) last released its earnings results on Friday, May 19th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $132.40 million for the quarter, compared to the consensus estimate of $128.37 million. Quality Systems had a return on equity of 15.88% and a net margin of 3.58%. Quality Systems’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Analysts forecast that Quality Systems, Inc. will post $0.70 earnings per share for the current year.

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QSII has been the topic of several research reports. BidaskClub raised Quality Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Leerink Swann reaffirmed a “market perform” rating and issued a $16.00 target price (up from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $13.00 target price on shares of Quality Systems in a research report on Wednesday, March 29th. Finally, Zacks Investment Research raised Quality Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the company’s stock. Quality Systems currently has a consensus rating of “Hold” and an average target price of $12.56.

About Quality Systems

Quality Systems, Inc (QSI) primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices.

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Institutional Ownership by Quarter for Quality Systems (NASDAQ:QSII)

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