Ramsey Quantitative Systems purchased a new position in Quality Systems, Inc. (NASDAQ:QSII) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,237 shares of the company’s stock, valued at approximately $234,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Quality Systems by 3.8% in the second quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock worth $80,739,000 after purchasing an additional 170,698 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Quality Systems by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,123,601 shares of the company’s stock worth $33,404,000 after purchasing an additional 70,447 shares in the last quarter. State Street Corp grew its stake in Quality Systems by 5.4% in the second quarter. State Street Corp now owns 1,187,459 shares of the company’s stock worth $20,436,000 after purchasing an additional 60,768 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Quality Systems by 1.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 994,246 shares of the company’s stock worth $15,640,000 after purchasing an additional 16,452 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Quality Systems by 1.7% in the second quarter. Northern Trust Corp now owns 657,054 shares of the company’s stock worth $11,308,000 after purchasing an additional 11,289 shares in the last quarter. Hedge funds and other institutional investors own 67.43% of the company’s stock.
Shares of Quality Systems, Inc. (QSII) opened at $12.57 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $800.88, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.88 and a beta of 0.73. Quality Systems, Inc. has a 52-week low of $12.24 and a 52-week high of $17.74.
Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $131.70 million for the quarter, compared to analysts’ expectations of $130.63 million. Quality Systems had a return on equity of 12.08% and a net margin of 3.39%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. equities research analysts forecast that Quality Systems, Inc. will post 0.56 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the company. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. BidaskClub cut Quality Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. SunTrust Banks reaffirmed a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research report on Friday, November 17th. Citigroup began coverage on Quality Systems in a research report on Thursday, January 4th. They set a “sell” rating and a $13.00 target price on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and set a $14.50 target price on shares of Quality Systems in a research report on Sunday, October 29th. Five equities research analysts have rated the stock with a sell rating, six 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 $14.44.
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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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