Martingale Asset Management L P grew its holdings in shares of Quality Systems, Inc. (NASDAQ:QSII) by 724.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,661 shares of the company’s stock after purchasing an additional 159,630 shares during the period. Martingale Asset Management L P owned approximately 0.29% of Quality Systems worth $3,127,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Quality Systems by 496.8% during the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after purchasing an additional 7,353 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Quality Systems by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after purchasing an additional 4,059 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Quality Systems by 2.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after purchasing an additional 260 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Quality Systems by 9.8% during the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock valued at $163,000 after purchasing an additional 952 shares during the period. Finally, Mason Street Advisors LLC increased its holdings in shares of Quality Systems by 7.6% during the first quarter. Mason Street Advisors LLC now owns 10,804 shares of the company’s stock valued at $165,000 after purchasing an additional 763 shares during the period. 69.57% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on QSII shares. TheStreet lowered Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th. BidaskClub raised Quality Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Leerink Swann reaffirmed a “market perform” rating and set a $16.00 target price (up previously from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Quality Systems in a research note on Friday. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $20.00 target price (up previously from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Quality Systems has an average rating of “Hold” and a consensus target price of $14.71.

In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $15.75, for a total value of $330,246.00. Following the completion of the transaction, the director now directly 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 this hyperlink. 17.90% of the stock is currently owned by insiders.

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Quality Systems, Inc. (NASDAQ:QSII) opened at 15.85 on Friday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 44.27 and a beta of 0.89. Quality Systems, Inc. has a 52-week low of $10.61 and a 52-week high of $17.74. 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 released its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $130.90 million during the quarter, compared to the consensus estimate of $126.75 million. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. Equities research analysts anticipate that Quality Systems, Inc. will post $0.67 EPS for the current year.

Quality Systems Profile

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.

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

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