Insider Buying: Quality Systems (QSII) CFO Buys 40,000 Shares of Stock

Quality Systems (NASDAQ:QSII) CFO James Robert Jr. Arnold acquired 40,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were bought at an average cost of $13.10 per share, with a total value of $524,000.00. Following the transaction, the chief financial officer now directly owns 212,156 shares of the company’s stock, valued at $2,779,243.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

QSII traded up $0.03 during trading hours on Friday, hitting $14.28. 981,078 shares of the company’s stock were exchanged, compared to its average volume of 349,405. Quality Systems has a 1-year low of $12.24 and a 1-year high of $17.74. The stock has a market capitalization of $909.84, a price-to-earnings ratio of 19.30, a PEG ratio of 2.79 and a beta of 0.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12.

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Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $130.63 million. Quality Systems had a net margin of 3.39% and a return on equity of 12.08%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 earnings per share. research analysts predict that Quality Systems will post 0.56 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on QSII shares. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. BidaskClub cut shares of Quality Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. Finally, Citigroup started coverage on shares of Quality Systems in a report on Thursday, January 4th. They set a “sell” rating and a $13.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.44.

Hedge funds have recently made changes to their positions in the business. LS Investment Advisors LLC lifted its stake in Quality Systems by 404.4% in the fourth quarter. LS Investment Advisors LLC now owns 8,777 shares of the company’s stock valued at $119,000 after acquiring an additional 7,037 shares during the last quarter. Koch Industries Inc. acquired a new stake in Quality Systems in the fourth quarter valued at $148,000. Millennium Management LLC acquired a new stake in Quality Systems in the fourth quarter valued at $160,000. Victory Capital Management Inc. acquired a new stake in Quality Systems in the third quarter valued at $199,000. Finally, Macquarie Group Ltd. acquired a new stake in Quality Systems in the third quarter valued at $220,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

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Quality Systems Company Profile

Quality Systems, Inc, together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations.

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