Acadian Asset Management LLC Has $9.22 Million Position in Quality Systems, Inc. (NASDAQ:QSII)

Acadian Asset Management LLC increased its stake in Quality Systems, Inc. (NASDAQ:QSII) by 23.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 535,526 shares of the company’s stock after buying an additional 101,043 shares during the period. Acadian Asset Management LLC owned approximately 0.85% of Quality Systems worth $9,217,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QSII. Louisiana State Employees Retirement System increased its position in shares of Quality Systems by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the company’s stock valued at $325,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Quality Systems by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after buying an additional 260 shares during the period. Arizona State Retirement System increased its position in shares of Quality Systems by 1.7% in the first quarter. Arizona State Retirement System now owns 24,106 shares of the company’s stock valued at $367,000 after buying an additional 400 shares during the period. Mason Street Advisors LLC increased its position in shares of Quality Systems by 7.6% in the first quarter. Mason Street Advisors LLC now owns 10,804 shares of the company’s stock valued at $165,000 after buying an additional 763 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Quality Systems by 0.8% in the first quarter. California Public Employees Retirement System now owns 104,300 shares of the company’s stock valued at $1,590,000 after buying an additional 800 shares during the period. Institutional investors own 66.86% of the company’s stock.

Quality Systems, Inc. (QSII) traded up 0.57% during mid-day trading on Friday, reaching $15.78. The company had a trading volume of 202,496 shares. The firm has a market capitalization of $999.93 million, a price-to-earnings ratio of 44.08 and a beta of 0.89. Quality Systems, Inc. has a 12-month low of $10.61 and a 12-month high of $17.74. The firm has a 50-day moving average price of $16.68 and a 200 day moving average price of $15.54.

Quality Systems (NASDAQ:QSII) last issued its earnings results on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $130.90 million for the quarter, compared to analysts’ expectations of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Analysts expect that Quality Systems, Inc. will post $0.67 EPS for the current year.

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Several brokerages have recently issued reports on QSII. Zacks Investment Research downgraded shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. 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 report on Wednesday, May 31st. 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 report on Wednesday, August 2nd. Finally, 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 report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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.

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

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