Capstone Asset Management Co. held its position in Quality Systems Inc. (NASDAQ:QSII) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,936 shares of the company’s stock at the end of the second quarter. Capstone Asset Management Co.’s holdings in Quality Systems were worth $154,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Quality Systems by 15.1% in the first quarter. Legal & General Group Plc now owns 8,311 shares of the company’s stock valued at $128,000 after buying an additional 1,092 shares in the last quarter. LPL Financial LLC purchased a new position in Quality Systems during the first quarter valued at $150,000. BNP Paribas Arbitrage SA raised its position in Quality Systems by 124.4% in the second quarter. BNP Paribas Arbitrage SA now owns 14,532 shares of the company’s stock valued at $173,000 after buying an additional 8,055 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Quality Systems during the first quarter valued at $247,000. Finally, Springbok Capital Management LLC raised its position in Quality Systems by 98.6% in the first quarter. Springbok Capital Management LLC now owns 18,027 shares of the company’s stock valued at $275,000 after buying an additional 8,949 shares in the last quarter. Institutional investors own 70.17% of the company’s stock.
Shares of Quality Systems Inc. (NASDAQ:QSII) traded up 0.62% during trading on Friday, reaching $11.32. 280,188 shares of the company traded hands. The firm’s 50-day moving average is $11.64 and its 200-day moving average is $12.90. The stock’s market capitalization is $696.25 million. Quality Systems Inc. has a 12-month low of $11.10 and a 12-month high of $17.50.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. Quality Systems had a positive return on equity of 14.81% and a negative net margin of 0.27%. The company had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $126.30 million. During the same quarter last year, the business posted $0.16 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts predict that Quality Systems Inc. will post $0.76 earnings per share for the current fiscal year.
Several research firms have recently weighed in on QSII. Jefferies Group restated a “hold” rating on shares of Quality Systems in a research note on Wednesday, June 8th. Deutsche Bank AG decreased their price target on shares of Quality Systems from $13.00 to $12.00 and set a “sell” rating on the stock in a research note on Wednesday, June 8th. FBR & Co reiterated a “hold” rating on shares of Quality Systems in a research note on Monday, August 1st. KeyCorp reiterated a “sell” rating and issued a $11.00 price target on shares of Quality Systems in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Quality Systems from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.63.
Quality Systems Company Profile
Quality Systems, Inc is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI).
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