American International Group Inc. cut its stake in Quality Systems, Inc. (NASDAQ:QSII) by 14.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 31,471 shares of the company’s stock after selling 5,167 shares during the period. American International Group Inc. owned approximately 0.05% of Quality Systems worth $480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Budros Ruhlin & Roe Inc. acquired a new position in Quality Systems during the first quarter valued at about $152,000. BNP Paribas Arbitrage SA boosted its position in Quality Systems by 9.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock valued at $163,000 after buying an additional 952 shares during the last quarter. Mason Street Advisors LLC boosted its position in Quality Systems by 7.6% in the first quarter. Mason Street Advisors LLC now owns 10,804 shares of the company’s stock valued at $165,000 after buying an additional 763 shares during the last quarter. Clinton Group Inc. acquired a new position in Quality Systems during the first quarter valued at about $227,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Quality Systems during the first quarter valued at about $245,000. 66.28% of the stock is owned by institutional investors.

Quality Systems, Inc. (NASDAQ QSII) traded down 2.27% during mid-day trading on Tuesday, reaching $15.93. The company’s stock had a trading volume of 250,471 shares. The stock has a market cap of $1.01 billion, a PE ratio of 44.50 and a beta of 0.89. The company has a 50 day moving average of $17.06 and a 200-day moving average of $15.40. Quality Systems, Inc. has a 52-week low of $10.61 and a 52-week high of $17.74.

Quality Systems (NASDAQ:QSII) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. Equities analysts forecast that Quality Systems, Inc. will post $0.68 earnings per share for the current year.

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Several brokerages recently weighed in on QSII. Jefferies Group LLC reaffirmed a “hold” rating and set a $15.50 target price (up previously from $13.00) on shares of Quality Systems in a research note on Wednesday, August 2nd. 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 report on Tuesday, August 1st. BidaskClub downgraded Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, 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 note on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.50.

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.

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

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