Metropolitan Life Insurance Co. NY Has $536,000 Position in Quality Systems, Inc. (QSII)

Metropolitan Life Insurance Co. NY cut its stake in shares of Quality Systems, Inc. (NASDAQ:QSII) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,162 shares of the company’s stock after selling 1,920 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Quality Systems were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of QSII. BlackRock Inc. raised its position in Quality Systems by 112,064.4% in the first quarter. BlackRock Inc. now owns 5,752,913 shares of the company’s stock valued at $87,674,000 after buying an additional 5,747,784 shares during the period. Schwab Charles Investment Management Inc. raised its position in Quality Systems by 84.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 711,996 shares of the company’s stock valued at $10,851,000 after buying an additional 325,957 shares during the period. Alliancebernstein L.P. raised its position in Quality Systems by 270.2% in the first quarter. Alliancebernstein L.P. now owns 312,512 shares of the company’s stock valued at $4,763,000 after buying an additional 228,090 shares during the period. Acadian Asset Management LLC raised its position in Quality Systems by 96.1% in the first quarter. Acadian Asset Management LLC now owns 434,483 shares of the company’s stock valued at $6,622,000 after buying an additional 212,928 shares during the period. Finally, Chartwell Investment Partners LLC bought a new position in Quality Systems during the first quarter valued at about $2,556,000. Institutional investors own 66.28% of the company’s stock.

Shares of Quality Systems, Inc. (NASDAQ:QSII) traded up 0.86% during midday trading on Friday, reaching $15.33. The company’s stock had a trading volume of 42,260 shares. The company has a market cap of $971.42 million, a P/E ratio of 42.82 and a beta of 0.89. The stock’s 50-day moving average price is $16.92 and its 200-day moving average price is $15.47. Quality Systems, Inc. has a 12-month low of $10.61 and a 12-month high of $17.74.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $126.75 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts expect that Quality Systems, Inc. will post $0.67 EPS for the current fiscal year.

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Several equities analysts have issued reports on QSII shares. BidaskClub upgraded Quality Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Leerink Swann reiterated a “market perform” rating and issued a $16.00 target price (up previously from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $15.50 target price (up previously from $13.00) on shares of Quality Systems in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 target price (up previously from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.50.

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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Institutional Ownership by Quarter for Quality Systems (NASDAQ:QSII)

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