Bank of New York Mellon Corp grew its holdings in Quality Systems, Inc. (NASDAQ:QSII) by 12.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 666,424 shares of the company’s stock after buying an additional 73,348 shares during the quarter. Bank of New York Mellon Corp owned 1.04% of Quality Systems worth $12,996,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Quality Systems by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,226,884 shares of the company’s stock worth $30,397,000 after acquiring an additional 32,093 shares during the last quarter. Investment Counselors of Maryland LLC boosted its stake in shares of Quality Systems by 35.8% in the second quarter. Investment Counselors of Maryland LLC now owns 1,241,923 shares of the company’s stock worth $24,217,000 after acquiring an additional 327,199 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Quality Systems by 133.8% in the first quarter. Citadel Advisors LLC now owns 615,800 shares of the company’s stock worth $8,406,000 after acquiring an additional 352,411 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of Quality Systems by 9.7% in the second quarter. Foundry Partners LLC now owns 341,454 shares of the company’s stock worth $6,658,000 after acquiring an additional 30,073 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Quality Systems by 25.5% in the first quarter. Prudential Financial Inc. now owns 264,417 shares of the company’s stock worth $3,609,000 after acquiring an additional 53,770 shares during the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.
A number of analysts have recently issued reports on the company. Cantor Fitzgerald lifted their price target on Quality Systems from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, September 10th. Piper Jaffray Companies lifted their price target on Quality Systems to $26.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. BidaskClub lowered Quality Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research raised Quality Systems from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Finally, Royal Bank of Canada reissued a “sell” rating and set a $17.00 price objective on shares of Quality Systems in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.
NASDAQ QSII opened at $22.35 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 39.21, a P/E/G ratio of 4.30 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.13. Quality Systems, Inc. has a fifty-two week low of $12.24 and a fifty-two week high of $23.73.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. The company had revenue of $133.20 million for the quarter, compared to analyst estimates of $132.71 million. Quality Systems had a return on equity of 10.69% and a net margin of 0.22%. equities analysts anticipate that Quality Systems, Inc. will post 0.6 EPS for the current year.
About Quality Systems
Quality Systems, Inc provides software, services, and analytics solutions to medical and dental group practices in the United States. The company's principal products include NextGen Enterprise EHR, an electronic health records solution, which stores and maintains clinical patient information; and offers a workflow module, prescription management, automatic document and letter generation, patient education, referral tracking, interfaces to billing and lab systems, physician alerts and reminders, and reporting and data analysis tools.
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