Los Angeles Capital Management & Equity Research Inc. bought a new stake in Quality Systems Inc. (NASDAQ:QSII) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,575 shares of the company’s stock, valued at approximately $197,000.
Other large investors have also bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Quality Systems by 15.1% in the first quarter. Legal & General Group Plc now owns 8,311 shares of the company’s stock worth $128,000 after buying an additional 1,092 shares during the period. Hartford Investment Management Co. purchased a new position in shares of Quality Systems during the second quarter worth about $131,000. TradeLink Capital LLC purchased a new position in shares of Quality Systems during the second quarter worth about $145,000. LPL Financial LLC purchased a new position in shares of Quality Systems during the first quarter worth about $150,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Quality Systems during the second quarter worth about $171,000. Institutional investors and hedge funds own 70.17% of the company’s stock.
Shares of Quality Systems Inc. (NASDAQ:QSII) traded up 0.62% during trading on Friday, hitting $11.32. 280,188 shares of the company were exchanged. Quality Systems Inc. has a 1-year low of $11.10 and a 1-year high of $17.50. The company has a 50 day moving average of $11.64 and a 200-day moving average of $12.90. The stock’s market capitalization is $696.25 million.
Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.15 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 business earned $122.20 million during the quarter, compared to analysts’ expectations of $126.30 million. During the same period in the previous year, the business earned $0.16 EPS. The business’s revenue was up .0% compared to the same quarter last year. On average, analysts forecast that Quality Systems Inc. will post $0.76 earnings per share for the current year.
A number of brokerages have recently issued reports on QSII. Jefferies Group restated a “hold” rating on shares of Quality Systems in a research report on Wednesday, June 8th. Deutsche Bank AG dropped 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 report on Wednesday, June 8th. FBR & Co restated a “hold” rating on shares of Quality Systems in a research report on Monday, August 1st. KeyCorp restated a “sell” rating and issued a $11.00 price target on shares of Quality Systems in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. dropped 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 report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.63.
About Quality Systems
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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