Systematic Financial Management LP Sells 20,725 Shares of Quality Systems, Inc. (QSII)
Systematic Financial Management LP lowered its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,615 shares of the company’s stock after selling 20,725 shares during the quarter. Systematic Financial Management LP owned 0.16% of Quality Systems worth $1,766,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its stake in shares of Quality Systems by 9.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock worth $163,000 after purchasing an additional 952 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Quality Systems by 84.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 711,996 shares of the company’s stock worth $10,851,000 after purchasing an additional 325,957 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Quality Systems during the 1st quarter worth approximately $227,000. Alliancebernstein L.P. raised its stake in shares of Quality Systems by 270.2% during the 1st quarter. Alliancebernstein L.P. now owns 312,512 shares of the company’s stock worth $4,763,000 after purchasing an additional 228,090 shares in the last quarter. Finally, Bogle Investment Management L P DE bought a new stake in shares of Quality Systems during the 1st quarter worth approximately $213,000. 69.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Quality Systems, Inc. (NASDAQ:QSII) opened at 15.85 on Friday. Quality Systems, Inc. has a 1-year low of $10.61 and a 1-year high of $17.74. The company has a market cap of $1.00 billion, a PE ratio of 44.27 and a beta of 0.89. The company has a 50-day moving average price of $15.89 and a 200-day moving average price of $15.60.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The business had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $126.75 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Quality Systems, Inc. will post $0.67 earnings per share for the current fiscal year.
In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $15.75, for a total value of $330,246.00. Following the transaction, the director now owns 46,745 shares of the company’s stock, valued at $736,233.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.90% of the stock is currently owned by insiders.
QSII has been the topic of a number of analyst reports. BidaskClub cut Quality Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Jefferies Group LLC reiterated 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. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $15.00 price objective on shares of Quality Systems in a research note on Thursday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.67.
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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