Stock Traders Purchase High Volume of Call Options on Quality Systems (QSII)
Quality Systems, Inc. (NASDAQ:QSII) was the target of unusually large options trading on Tuesday. Stock traders bought 1,828 call options on the stock. This is an increase of approximately 3,164% compared to the average daily volume of 56 call options.
Several research firms recently commented on QSII. BidaskClub raised Quality Systems from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price target on shares of Quality Systems in a report on Friday, January 26th. SunTrust Banks reiterated a “hold” rating and issued a $15.00 price target on shares of Quality Systems in a report on Friday, November 17th. Finally, Citigroup started coverage on Quality Systems in a report on Thursday, January 4th. They issued a “sell” rating and a $13.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Quality Systems presently has an average rating of “Hold” and an average target price of $14.44.
Quality Systems (QSII) opened at $13.51 on Wednesday. The stock has a market capitalization of $886.90, a P/E ratio of 48.25, a price-to-earnings-growth ratio of 3.18 and a beta of 0.73. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.12. Quality Systems has a fifty-two week low of $12.24 and a fifty-two week high of $17.74.
Several hedge funds have recently bought and sold shares of QSII. State Street Corp lifted its holdings in shares of Quality Systems by 5.4% in the second quarter. State Street Corp now owns 1,187,459 shares of the company’s stock valued at $20,436,000 after purchasing an additional 60,768 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Quality Systems by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 40,466 shares of the company’s stock valued at $696,000 after purchasing an additional 366 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Quality Systems in the third quarter valued at approximately $278,000. Victory Capital Management Inc. bought a new position in shares of Quality Systems in the third quarter valued at approximately $199,000. Finally, New York State Teachers Retirement System lifted its holdings in shares of Quality Systems by 6.0% in the third quarter. New York State Teachers Retirement System now owns 113,621 shares of the company’s stock valued at $1,787,000 after purchasing an additional 6,400 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.
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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.
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