Quality Systems, Inc. (QSII) Position Boosted by Northern Trust Corp

Northern Trust Corp increased its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 657,054 shares of the company’s stock after buying an additional 11,289 shares during the period. Northern Trust Corp owned 1.04% of Quality Systems worth $11,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Martingale Asset Management L P increased its holdings in Quality Systems by 724.6% during the second quarter. Martingale Asset Management L P now owns 181,661 shares of the company’s stock worth $3,127,000 after buying an additional 159,630 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 325,957 shares during the last quarter. AJO LP increased its holdings in shares of Quality Systems by 119.1% in the second quarter. AJO LP now owns 180,739 shares of the company’s stock valued at $3,111,000 after purchasing an additional 98,257 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Quality Systems by 496.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after purchasing an additional 7,353 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Quality Systems by 2.9% in the second quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after purchasing an additional 166,302 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Shares of Quality Systems, Inc. (QSII) opened at $13.35 on Friday. The stock has a market cap of $850.02, a PE ratio of 18.29, a PEG ratio of 3.04 and a beta of 0.82. Quality Systems, Inc. has a 52-week low of $12.38 and a 52-week high of $17.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.22.

Quality Systems (NASDAQ:QSII) last announced its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. The company had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. Quality Systems’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. sell-side analysts forecast that Quality Systems, Inc. will post 0.57 EPS for the current year.

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Several equities analysts have commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $15.50 price objective on shares of Quality Systems in a report on Sunday, October 8th. Cantor Fitzgerald reiterated a “hold” rating and issued a $13.00 price objective on shares of Quality Systems in a report on Thursday, October 26th. Royal Bank Of Canada set a $12.00 price objective on shares of Quality Systems and gave the company a “sell” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $20.00 price objective (up from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Quality Systems has a consensus rating of “Hold” and a consensus price target of $15.08.

In other news, Director Russell Pflueger sold 20,968 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $15.75, for a total value of $330,246.00. Following the completion of the sale, the director now owns 46,745 shares of the company’s stock, valued at $736,233.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 17.90% of the company’s stock.

Quality Systems 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.

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

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