LSV Asset Management increased its stake in Quality Systems, Inc. (NASDAQ:QSII) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,600 shares of the company’s stock after buying an additional 100 shares during the period. LSV Asset Management’s holdings in Quality Systems were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in shares of Quality Systems by 496.8% during the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after purchasing an additional 7,353 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Quality Systems by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after purchasing an additional 4,059 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Quality Systems by 2.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock valued at $160,000 after purchasing an additional 260 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Quality Systems by 9.8% during the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock valued at $163,000 after purchasing an additional 952 shares in the last quarter. Finally, Mason Street Advisors LLC increased its stake in shares of Quality Systems by 7.6% during the first quarter. Mason Street Advisors LLC now owns 10,804 shares of the company’s stock valued at $165,000 after purchasing an additional 763 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

In related news, Director Russell Pflueger sold 20,968 shares of the business’s 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 completion of the transaction, the director now owns 46,745 shares in the company, valued at approximately $736,233.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 17.90% of the company’s stock.

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Shares of Quality Systems, Inc. (NASDAQ QSII) opened at 15.16 on Monday. Quality Systems, Inc. has a 12-month low of $10.61 and a 12-month high of $17.74. The stock has a market cap of $960.64 million, a PE ratio of 42.35 and a beta of 0.89. The stock’s 50 day moving average is $15.78 and its 200-day moving average is $15.60.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $130.90 million during the quarter, compared to analyst estimates of $126.75 million. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. Quality Systems’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts expect that Quality Systems, Inc. will post $0.68 EPS for the current year.

A number of equities analysts have weighed in on QSII shares. BidaskClub downgraded shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. TheStreet downgraded shares of Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research note on Sunday, September 17th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research note on Thursday, September 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Quality Systems in a research note on Friday, September 15th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.38.

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.

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

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