Renaissance Technologies LLC decreased its position in Quality Systems, Inc. (NASDAQ:QSII) by 33.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,157 shares of the company’s stock after selling 85,719 shares during the period. Renaissance Technologies LLC owned about 0.28% of Quality Systems worth $2,639,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brown Capital Management LLC raised its position in shares of Quality Systems by 0.3% in the first quarter. Brown Capital Management LLC now owns 9,521,956 shares of the company’s stock worth $145,115,000 after buying an additional 27,100 shares during the period. Vanguard Group Inc. raised its position in shares of Quality Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 4,520,668 shares of the company’s stock worth $68,895,000 after buying an additional 113,042 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Quality Systems by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,978,218 shares of the company’s stock worth $30,148,000 after buying an additional 89,918 shares during the period. Geode Capital Management LLC raised its position in shares of Quality Systems by 1.4% in the first quarter. Geode Capital Management LLC now owns 767,127 shares of the company’s stock worth $11,691,000 after buying an additional 10,806 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Quality Systems by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 585,122 shares of the company’s stock worth $8,918,000 after buying an additional 19,427 shares during the period. Institutional investors own 66.86% of the company’s stock.

Shares of Quality Systems, Inc. (QSII) traded down 0.06% during trading on Tuesday, reaching $15.76. 20,494 shares of the company were exchanged. Quality Systems, Inc. has a one year low of $10.60 and a one year high of $17.74. The stock has a 50-day moving average price of $16.83 and a 200-day moving average price of $15.52. The stock has a market capitalization of $998.66 million, a PE ratio of 44.02 and a beta of 0.89.

Quality Systems (NASDAQ:QSII) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The business had revenue of $130.90 million during the quarter, compared to analysts’ expectations of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. Analysts forecast that Quality Systems, Inc. will post $0.67 EPS for the current year.

WARNING: “Renaissance Technologies LLC Sells 85,719 Shares of Quality Systems, Inc. (QSII)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/08/15/renaissance-technologies-llc-sells-85719-shares-of-quality-systems-inc-qsii.html.

QSII has been the topic of a number of recent research reports. BidaskClub upgraded shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Leerink Swann reissued a “market perform” rating and set a $16.00 target price (up previously from $14.00) on shares of Quality Systems in a research note on Wednesday, May 31st. Piper Jaffray Companies reissued an “overweight” rating and set a $20.00 target price (up previously from $16.00) on shares of Quality Systems in a research note on Tuesday, August 1st. Jefferies Group LLC reissued 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. Finally, Zacks Investment Research raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Quality Systems presently has a consensus rating of “Hold” and a consensus target price of $14.50.

About Quality Systems

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.

Want to see what other hedge funds are holding QSII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quality Systems, Inc. (NASDAQ:QSII).

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

Receive News & Stock Ratings for Quality Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quality Systems Inc. and related stocks with our FREE daily email newsletter.