Quality Systems, Inc. (QSII) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. raised its holdings in shares of Quality Systems, Inc. (NASDAQ:QSII) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,374 shares of the company’s stock after buying an additional 3,124 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Quality Systems worth $746,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted 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 worth $134,000 after buying an additional 7,353 shares during the last quarter. State of Alaska Department of Revenue lifted 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 worth $157,000 after buying an additional 4,059 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted 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 worth $160,000 after buying an additional 260 shares during the last quarter. BNP Paribas Arbitrage SA lifted 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 worth $163,000 after buying an additional 952 shares during the last quarter. Finally, Mason Street Advisors LLC lifted 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 worth $165,000 after buying an additional 763 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.
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In related 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 completion of the sale, the director now directly owns 46,745 shares in the company, valued at approximately $736,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.90% of the company’s stock.
Shares of Quality Systems, Inc. (NASDAQ:QSII) traded down 0.81% on Friday, hitting $15.85. The company had a trading volume of 542,830 shares. Quality Systems, Inc. has a 12-month low of $10.61 and a 12-month high of $17.74. The company has a market capitalization of $1.00 billion, a P/E ratio of 44.27 and a beta of 0.89. The firm 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 results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts expect that Quality Systems, Inc. will post $0.67 EPS for the current year.
QSII has been the subject of a number of research analyst reports. BidaskClub upgraded Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a report on Monday, May 29th. TheStreet lowered Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Leerink Swann reiterated a “market perform” rating and set a $16.00 price target (up from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $20.00 price target (up from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.71.
Quality Systems Company 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.
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