Menta Capital LLC increased its holdings in Quality Systems, Inc. (NASDAQ:QSII) by 27.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 251,606 shares of the company’s stock after acquiring an additional 53,879 shares during the quarter. Quality Systems makes up about 0.5% of Menta Capital LLC’s holdings, making the stock its 8th biggest position. Menta Capital LLC owned 0.40% of Quality Systems worth $4,330,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Quality Systems by 2.9% in the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after acquiring an additional 166,302 shares during the period. Vanguard Group Inc. increased its holdings in shares of Quality Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 4,520,668 shares of the company’s stock valued at $68,895,000 after acquiring an additional 113,042 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Quality Systems by 4.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,978,218 shares of the company’s stock valued at $30,148,000 after acquiring an additional 89,918 shares during the period. State Street Corp increased its holdings in shares of Quality Systems by 6.6% in the 1st quarter. State Street Corp now owns 1,126,691 shares of the company’s stock valued at $17,171,000 after acquiring an additional 69,917 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Quality Systems by 37.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 977,794 shares of the company’s stock valued at $16,828,000 after acquiring an additional 265,798 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on QSII. Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $15.00 target price on shares of Quality Systems in a report on Thursday, September 14th. Royal Bank Of Canada began coverage on shares of Quality Systems in a report on Tuesday. They issued an “underperform” rating and a $12.00 target price on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $15.00 target price on shares of Quality Systems in a report on Sunday. Finally, KeyCorp reaffirmed a “sell” rating on shares of Quality Systems in a report on Sunday. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.38.
In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $15.75, for a total value of $330,246.00. Following the sale, the director now directly owns 46,745 shares of the company’s stock, valued at $736,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.90% of the stock is owned by company insiders.
Quality Systems, Inc. (NASDAQ QSII) traded down 5.47% during trading on Tuesday, reaching $14.85. 140,622 shares of the company were exchanged. Quality Systems, Inc. has a 52-week low of $10.61 and a 52-week high of $17.74. The stock has a market capitalization of $941.00 million, a PE ratio of 41.48 and a beta of 0.89. The firm’s 50 day moving average is $15.85 and its 200 day moving average is $15.60.
Quality Systems (NASDAQ:QSII) last issued its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Quality Systems, Inc. will post $0.67 EPS for the current year.
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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