Russell Investments Group Ltd. increased its stake in Quality Systems, Inc. (NASDAQ:QSII) by 723.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,250 shares of the company’s stock after buying an additional 35,363 shares during the period. Russell Investments Group Ltd. owned 0.06% of Quality Systems worth $613,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Foundry Partners LLC bought a new position in Quality Systems during the first quarter valued at approximately $3,706,000. Teachers Advisors LLC increased its position in shares of Quality Systems by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 84,197 shares of the company’s stock valued at $1,107,000 after buying an additional 1,917 shares during the last quarter. Norges Bank acquired a new position in shares of Quality Systems during the fourth quarter valued at about $21,827,000. Thrivent Financial for Lutherans increased its position in shares of Quality Systems by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,930 shares of the company’s stock valued at $328,000 after buying an additional 1,720 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Quality Systems by 64.9% in the fourth quarter. AQR Capital Management LLC now owns 244,328 shares of the company’s stock valued at $3,213,000 after buying an additional 96,188 shares during the last quarter. Institutional investors and hedge funds own 66.02% of the company’s stock.
Quality Systems, Inc. (NASDAQ:QSII) remained flat at $17.26 on Friday. The stock had a trading volume of 685,461 shares. Quality Systems, Inc. has a 12-month low of $10.61 and a 12-month high of $17.74. The stock has a market cap of $1.08 billion, a P/E ratio of 59.52 and a beta of 0.88. The firm has a 50 day moving average price of $17.05 and a 200 day moving average price of $15.31.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings data on Friday, May 19th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $132.40 million for the quarter, compared to the consensus estimate of $128.37 million. Quality Systems had a net margin of 3.58% and a return on equity of 15.88%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. On average, equities analysts forecast that Quality Systems, Inc. will post $0.70 earnings per share for the current year.
Several equities analysts have issued reports on the company. BidaskClub upgraded Quality Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Leerink Swann reissued a “market perform” rating and issued a $16.00 target price (up from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. Finally, Zacks Investment Research raised Quality Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.36.
Quality Systems Company 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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