Morgan Stanley Reduces Stake in Quality Systems, Inc. (QSII)

Morgan Stanley lowered its position in Quality Systems, Inc. (NASDAQ:QSII) by 2.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 256,925 shares of the company’s stock after selling 5,616 shares during the period. Morgan Stanley’s holdings in Quality Systems were worth $3,916,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in QSII. Dimensional Fund Advisors LP boosted its stake in shares of Quality Systems by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,978,218 shares of the company’s stock worth $30,148,000 after buying an additional 89,918 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Quality Systems by 1.4% in the first quarter. Geode Capital Management LLC now owns 767,127 shares of the company’s stock worth $11,691,000 after buying an additional 10,806 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Quality Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 4,520,668 shares of the company’s stock worth $68,895,000 after buying an additional 113,042 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Quality Systems during the first quarter worth $451,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Quality Systems during the first quarter worth $451,000. Institutional investors and hedge funds own 66.86% of the company’s stock.

Shares of Quality Systems, Inc. (NASDAQ:QSII) traded down 0.06% during trading on Tuesday, reaching $15.76. The company had a trading volume of 20,419 shares. The firm has a 50-day moving average of $16.83 and a 200-day moving average of $15.52. The company has a market cap of $998.66 million, a P/E ratio of 44.02 and a beta of 0.89. Quality Systems, Inc. has a 12-month low of $10.60 and a 12-month high of $17.74.

Quality Systems (NASDAQ:QSII) last posted its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The company had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $126.75 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. Quality Systems’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Quality Systems, Inc. will post $0.67 EPS for the current year.

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A number of analysts have recently weighed in on the company. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $15.50 price target (up from $13.00) on shares of Quality Systems in a research report on Wednesday, August 2nd. Piper Jaffray Companies reiterated an “overweight” rating and set a $20.00 price target (up from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. BidaskClub cut Quality Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Leerink Swann reiterated a “market perform” rating and set a $16.00 price target (up from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.50.

Quality Systems Company Profile

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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