BNP Paribas Arbitrage SA boosted its stake in Quality Systems, Inc. (NASDAQ:QSII) by 50.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,237 shares of the company’s stock after acquiring an additional 9,512 shares during the period. BNP Paribas Arbitrage SA’s holdings in Quality Systems were worth $444,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Quality Systems by 2.9% during the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock worth $101,869,000 after buying an additional 166,302 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Quality Systems by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock worth $80,739,000 after buying an additional 170,698 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Quality Systems by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,053,154 shares of the company’s stock worth $35,335,000 after buying an additional 74,936 shares in the last quarter. State Street Corp boosted its holdings in shares of Quality Systems by 5.4% during the 2nd quarter. State Street Corp now owns 1,187,459 shares of the company’s stock worth $20,436,000 after buying an additional 60,768 shares in the last quarter. Finally, FMR LLC bought a new position in shares of Quality Systems during the 2nd quarter worth approximately $20,233,000. Institutional investors and hedge funds own 72.25% of the company’s stock.
Quality Systems, Inc. (QSII) opened at $13.86 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. Quality Systems, Inc. has a 12-month low of $12.61 and a 12-month high of $17.74. The firm has a market capitalization of $882.49, a P/E ratio of 19.06, a PEG ratio of 3.18 and a beta of 0.83.
Quality Systems (NASDAQ:QSII) last issued its earnings results 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 company had revenue of $132.61 million for the quarter, compared to analyst estimates of $130.15 million. During the same period in the prior year, the firm earned $0.23 earnings per share. Quality Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts predict that Quality Systems, Inc. will post 0.57 EPS for the current fiscal year.
A number of research firms have issued reports on QSII. BidaskClub cut Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Cantor Fitzgerald restated a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Thursday, September 14th. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Royal Bank Of Canada began coverage on Quality Systems in a report on Tuesday, September 19th. They set an “underperform” rating and a $12.00 price target on the stock. Finally, Robert W. Baird restated a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Sunday, September 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.07.
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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.
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