Bank of Montreal Can Decreases Holdings in Quality Systems, Inc. (QSII)
Bank of Montreal Can cut its stake in shares of Quality Systems, Inc. (NASDAQ:QSII) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,917 shares of the company’s stock after selling 64 shares during the quarter. Bank of Montreal Can’s holdings in Quality Systems were worth $119,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Quality Systems by 13.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 42,626 shares of the company’s stock worth $650,000 after acquiring an additional 5,211 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Quality Systems during the 1st quarter worth $2,181,000. AQR Capital Management LLC boosted its stake in shares of Quality Systems by 37.7% during the 1st quarter. AQR Capital Management LLC now owns 336,515 shares of the company’s stock worth $5,128,000 after acquiring an additional 92,187 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Quality Systems by 330.0% during the 1st quarter. Gotham Asset Management LLC now owns 63,663 shares of the company’s stock worth $970,000 after acquiring an additional 48,859 shares in the last quarter. Finally, Perceptive Advisors LLC bought a new stake in shares of Quality Systems during the 1st quarter worth $516,000. 69.57% of the stock is owned by institutional investors and hedge funds.
In other Quality Systems news, Director Russell Pflueger sold 20,968 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $15.75, for a total transaction of $330,246.00. Following the transaction, the director now owns 46,745 shares in the company, valued at approximately $736,233.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 17.90% of the company’s stock.
Quality Systems, Inc. (QSII) traded up 1.08% during trading on Monday, reaching $15.89. 180,258 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $16.06 and a 200-day moving average price of $15.58. The firm has a market cap of $1.01 billion, a PE ratio of 44.39 and a beta of 0.89. Quality Systems, Inc. has a 12 month low of $10.60 and a 12 month high of $17.74.
Quality Systems (NASDAQ:QSII) last announced its 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. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The firm had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. On average, analysts forecast that Quality Systems, Inc. will post $0.67 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on QSII shares. BidaskClub lowered Quality Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. TheStreet lowered Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a report on Monday, May 29th. Jefferies Group LLC restated a “hold” rating and issued a $15.50 target price (up previously from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Finally, Leerink Swann restated a “market perform” rating and issued a $16.00 target price (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.50.
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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