SG Americas Securities LLC Acquires New Stake in Quality Systems, Inc. (QSII)

SG Americas Securities LLC acquired a new position in Quality Systems, Inc. (NASDAQ:QSII) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,719 shares of the company’s stock, valued at approximately $483,000.

Other large investors have also added to or reduced their stakes in the company. Pinebridge Investments L.P. raised its position in Quality Systems by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after acquiring an additional 86 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Quality Systems in the second quarter worth $173,000. Municipal Employees Retirement System of Michigan raised its position in Quality Systems by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock worth $188,000 after acquiring an additional 400 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Quality Systems in the third quarter worth $199,000. Finally, Trexquant Investment LP purchased a new position in Quality Systems in the second quarter worth $250,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

QSII has been the subject of several research analyst reports. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. BidaskClub cut Quality Systems from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Oppenheimer reiterated a “hold” rating on shares of Quality Systems in a research report on Friday, September 15th. Cantor Fitzgerald restated a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research report on Thursday, September 14th. Finally, Robert W. Baird restated a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a research report on Sunday, September 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.07.

Quality Systems, Inc. (NASDAQ QSII) opened at $13.84 on Tuesday. Quality Systems, Inc. has a 52-week low of $12.61 and a 52-week high of $17.74. The firm has a market capitalization of $882.49, a price-to-earnings ratio of 18.99, a PEG ratio of 3.17 and a beta of 0.83. 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 quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. During the same quarter last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts forecast that Quality Systems, Inc. will post 0.57 EPS for the current year.

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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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