California State Teachers Retirement System lessened its position in Quality Systems, Inc. (NASDAQ:QSII) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,581 shares of the company’s stock after selling 8,076 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Quality Systems worth $1,593,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in QSII. Pinebridge Investments L.P. boosted its stake in shares of Quality Systems by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after acquiring an additional 86 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Quality Systems by 496.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock worth $134,000 after acquiring an additional 7,353 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Quality Systems by 79.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock worth $157,000 after acquiring an additional 4,059 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Quality Systems by 3.8% during the 2nd 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, Trexquant Investment LP acquired a new stake in Quality Systems during the 2nd quarter worth approximately $250,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. SunTrust Banks reissued a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Friday, November 17th. Zacks Investment Research raised Quality Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and issued a $14.50 price objective on shares of Quality Systems in a report on Sunday, October 29th. Royal Bank Of Canada set a $12.00 price objective on Quality Systems and gave the company a “sell” rating in a report on Friday, October 27th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Quality Systems in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.07.
Shares of Quality Systems, Inc. (QSII) traded up $0.13 during mid-day trading on Monday, reaching $14.38. The company had a trading volume of 176,105 shares, compared to its average volume of 318,270. The company has a market cap of $907.32, a price-to-earnings ratio of 19.52, a P/E/G ratio of 3.26 and a beta of 0.83. Quality Systems, Inc. has a twelve month low of $12.61 and a twelve month high of $17.74. 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 (NASDAQ:QSII) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, topping 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 business had revenue of $132.61 million for the quarter, compared to analyst estimates of $130.15 million. During the same quarter in the previous year, the company posted $0.23 EPS. Quality Systems’s quarterly revenue was up 4.3% compared to the same quarter last year. sell-side analysts anticipate that Quality Systems, Inc. will post 0.57 earnings per share for the current fiscal year.
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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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