Roberts Glore & Co. Inc. IL reduced its position in Quality Systems Inc. (NASDAQ:QSII) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,157 shares of the company’s stock after selling 1,143 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Quality Systems were worth $276,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Quality Systems by 831.6% in the first quarter. JPMorgan Chase & Co. now owns 365,063 shares of the company’s stock valued at $5,564,000 after buying an additional 325,876 shares during the last quarter. Hancock Holding Co. acquired a new stake in Quality Systems during the first quarter valued at approximately $1,507,000. Prudential Financial Inc. raised its stake in Quality Systems by 14.2% in the first quarter. Prudential Financial Inc. now owns 606,507 shares of the company’s stock valued at $9,243,000 after buying an additional 75,507 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Quality Systems by 35.1% in the first quarter. TIAA CREF Investment Management LLC now owns 257,728 shares of the company’s stock valued at $3,928,000 after buying an additional 66,935 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Quality Systems during the second quarter valued at approximately $582,000. 70.16% of the stock is owned by institutional investors and hedge funds.
Quality Systems Inc. (NASDAQ:QSII) traded up 8.01% on Monday, hitting $12.40. The stock had a trading volume of 1,979,049 shares. Quality Systems Inc. has a 12 month low of $10.61 and a 12 month high of $17.50. The company has a 50-day moving average of $11.43 and a 200 day moving average of $12.67. The company’s market cap is $762.67 million.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.03. The business earned $122.20 million during the quarter, compared to analysts’ expectations of $126.30 million. Quality Systems had a negative net margin of 0.27% and a positive return on equity of 14.81%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. On average, analysts predict that Quality Systems Inc. will post $0.76 EPS for the current fiscal year.
Several research firms have recently commented on QSII. Jefferies Group reaffirmed a “hold” rating and set a $13.00 price target (down previously from $15.00) on shares of Quality Systems in a research report on Tuesday, August 2nd. FBR & Co reaffirmed a “hold” rating on shares of Quality Systems in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Quality Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. reduced their price target on shares of Quality Systems from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Finally, KeyCorp reaffirmed a “sell” rating and set a $11.00 price target on shares of Quality Systems in a research report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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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