16,098 Shares in Quality Systems, Inc. (QSII) Acquired by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. bought a new position in shares of Quality Systems, Inc. (NASDAQ:QSII) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,098 shares of the company’s stock, valued at approximately $245,000.

Other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of Quality Systems by 9.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock worth $163,000 after buying an additional 952 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Quality Systems by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock valued at $287,000 after buying an additional 300 shares during the period. LSV Asset Management increased its position in Quality Systems by 230.8% in the first quarter. LSV Asset Management now owns 21,500 shares of the company’s stock valued at $327,000 after buying an additional 15,000 shares during the period. Thrivent Financial for Lutherans increased its position in Quality Systems by 7.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,930 shares of the company’s stock valued at $328,000 after buying an additional 1,720 shares during the period. Finally, Malaga Cove Capital LLC bought a new position in Quality Systems during the first quarter valued at approximately $520,000. Institutional investors and hedge funds own 66.86% of the company’s stock.

Quality Systems, Inc. (NASDAQ:QSII) traded up 0.57% during mid-day trading on Friday, hitting $15.78. 202,496 shares of the stock were exchanged. The company has a market cap of $999.93 million, a P/E ratio of 44.08 and a beta of 0.89. The company has a 50-day moving average price of $16.68 and a 200-day moving average price of $15.54. Quality Systems, Inc. has a one year low of $10.60 and a one year high of $17.74.

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

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QSII has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Leerink Swann reissued a “market perform” rating and issued a $16.00 price objective (up from $14.00) on shares of Quality Systems in a research report on Wednesday, May 31st. BidaskClub raised shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $20.00 target price (up from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $15.50 price objective (up from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Quality Systems presently has a consensus rating of “Hold” and a consensus 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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