The Manufacturers Life Insurance Company boosted its holdings in Quality Systems, Inc. (NASDAQ:QSII) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,466 shares of the company’s stock after purchasing an additional 366 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Quality Systems worth $696,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of QSII. Pinebridge Investments L.P. boosted its position in Quality Systems by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after purchasing an additional 86 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Quality Systems by 496.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock worth $134,000 after purchasing an additional 7,353 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Quality Systems by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock worth $157,000 after purchasing an additional 4,059 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Quality Systems by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock worth $188,000 after purchasing an additional 400 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new position in Quality Systems in the first quarter worth $238,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

QSII has been the topic of several research analyst reports. Cantor Fitzgerald reissued a “hold” rating and issued a $13.00 price objective on shares of Quality Systems in a research report on Thursday, October 26th. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a research report on Friday. Jefferies Group LLC reissued a “hold” rating and issued a $15.50 price objective on shares of Quality Systems in a research report on Sunday, October 8th. Finally, Robert W. Baird reissued a “hold” rating and issued a $15.00 price objective on shares of Quality Systems in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eleven 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 $15.07.

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Shares of Quality Systems, Inc. (QSII) opened at $13.66 on Friday. The stock has a market capitalization of $869.76, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.22. Quality Systems, Inc. has a one year low of $12.61 and a one year high of $17.74.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The company had revenue of $132.61 million for the quarter, compared to analyst estimates of $130.15 million. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities research analysts predict that Quality Systems, Inc. will post 0.57 EPS for the current year.

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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