California State Teachers Retirement System Sells 7,705 Shares of Quality Systems, Inc. (QSII)

California State Teachers Retirement System reduced its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 8.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 84,876 shares of the company’s stock after selling 7,705 shares during the quarter. California State Teachers Retirement System’s holdings in Quality Systems were worth $1,335,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of Quality Systems by 8.9% during the third quarter. Prudential Financial Inc. now owns 146,202 shares of the company’s stock worth $2,299,000 after buying an additional 11,965 shares during the period. FMR LLC acquired a new position in shares of Quality Systems during the second quarter worth about $20,233,000. First Trust Advisors LP acquired a new position in shares of Quality Systems during the third quarter worth about $278,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Quality Systems during the second quarter worth about $967,000. Finally, BlackRock Inc. boosted its position in shares of Quality Systems by 2.9% during the second quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock worth $101,869,000 after buying an additional 166,302 shares during the period. 72.05% of the stock is owned by institutional investors.

Quality Systems, Inc. (QSII) opened at $13.56 on Wednesday. Quality Systems, Inc. has a 52-week low of $12.61 and a 52-week high of $17.74. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $858.93, a P/E ratio of 31.53, a P/E/G ratio of 3.09 and a beta of 0.83.

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

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Quality Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Citigroup began coverage on Quality Systems in a research report on Thursday, January 4th. They set a “sell” rating and a $13.00 price objective for the company. BidaskClub cut Quality Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. SunTrust Banks reissued a “hold” rating and set a $15.00 price target on shares of Quality Systems in a research report on Friday, November 17th. Finally, Jefferies Group reissued a “hold” rating and set a $14.50 price target on shares of Quality Systems in a research report on Sunday, October 29th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.81.

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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.

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

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