GHP Investment Advisors Inc. raised its holdings in shares of Quality Systems, Inc. (NASDAQ:QSII) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,010 shares of the company’s stock after acquiring an additional 4,206 shares during the quarter. GHP Investment Advisors Inc. owned about 0.27% of Quality Systems worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Prudential Financial Inc. raised its holdings in Quality Systems by 8.9% during the 3rd quarter. Prudential Financial Inc. now owns 146,202 shares of the company’s stock valued at $2,299,000 after acquiring an additional 11,965 shares during the period. First Trust Advisors LP bought a new stake in Quality Systems during the 3rd quarter valued at $278,000. Foundry Partners LLC raised its holdings in Quality Systems by 3.3% during the 4th quarter. Foundry Partners LLC now owns 292,105 shares of the company’s stock valued at $3,967,000 after acquiring an additional 9,320 shares during the period. Ramsey Quantitative Systems bought a new stake in Quality Systems during the 4th quarter valued at $234,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Quality Systems by 50.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 28,237 shares of the company’s stock valued at $444,000 after acquiring an additional 9,512 shares during the period. 71.04% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on QSII. Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Monday, February 12th. BidaskClub lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. SunTrust Banks restated a “hold” rating and set a $15.00 price target on shares of Quality Systems in a research report on Friday, November 17th. Citigroup began coverage on shares of Quality Systems in a research report on Thursday, January 4th. They set a “sell” rating and a $13.00 price target for the company. Finally, Piper Jaffray Companies restated a “buy” rating and set a $17.00 price target on shares of Quality Systems in a research report on Friday, January 26th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.44.
Quality Systems, Inc. (QSII) opened at $13.51 on Wednesday. The company has a market cap of $886.90, a price-to-earnings ratio of 48.25, a PEG ratio of 3.18 and a beta of 0.73. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12. Quality Systems, Inc. has a 1 year low of $12.24 and a 1 year high of $17.74.
Quality Systems (NASDAQ:QSII) last released 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 analyst estimates of $130.63 million. Quality Systems had a net margin of 3.39% and a return on equity of 12.08%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. sell-side analysts anticipate that Quality Systems, Inc. will post 0.56 earnings per share for the current fiscal 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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