NJ State Employees Deferred Compensation Plan maintained its stake in Quality Systems, Inc. (NASDAQ:QSII) during the second quarter, Holdings Channel reports. The firm owned 15,000 shares of the company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Quality Systems were worth $258,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its stake in Quality Systems by 7.7% in the fourth quarter. State Street Corp now owns 1,056,774 shares of the company’s stock valued at $13,896,000 after buying an additional 75,948 shares in the last quarter. Teachers Advisors LLC raised its stake in Quality Systems by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock valued at $1,107,000 after buying an additional 1,917 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Quality Systems by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock valued at $287,000 after buying an additional 300 shares in the last quarter. Acadian Asset Management LLC raised its stake in Quality Systems by 96.1% in the first quarter. Acadian Asset Management LLC now owns 434,483 shares of the company’s stock valued at $6,622,000 after buying an additional 212,928 shares in the last quarter. Finally, Malaga Cove Capital LLC acquired a new stake in Quality Systems during the first quarter valued at approximately $520,000. Institutional investors and hedge funds own 66.28% of the company’s stock.

Quality Systems, Inc. (NASDAQ QSII) opened at 15.57 on Thursday. The company’s 50 day moving average is $16.97 and its 200 day moving average is $15.47. Quality Systems, Inc. has a 52 week low of $10.61 and a 52 week high of $17.74. The stock has a market cap of $986.62 million, a P/E ratio of 43.49 and a beta of 0.89.

Quality Systems (NASDAQ:QSII) last released its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. Equities analysts predict that Quality Systems, Inc. will post $0.67 earnings per share for the current year.

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QSII has been the topic of several research reports. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Leerink Swann reissued a “market perform” rating and set a $16.00 price objective (up previously from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. BidaskClub raised shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Piper Jaffray Companies reissued an “overweight” rating and set a $20.00 price objective (up previously from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $15.50 price objective (up previously from $13.00) on shares of Quality Systems in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.50.

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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