Strs Ohio Reduces Position in Quality Systems, Inc. (QSII)
Strs Ohio lessened its holdings in shares of Quality Systems, Inc. (NASDAQ:QSII) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,000 shares of the company’s stock after selling 7,600 shares during the period. Strs Ohio owned 0.08% of Quality Systems worth $955,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC purchased a new stake in Quality Systems during the 4th quarter valued at about $160,000. Allianz Asset Management GmbH purchased a new stake in Quality Systems during the 1st quarter valued at about $163,000. Mackay Shields LLC purchased a new stake in shares of Quality Systems in the 1st quarter valued at approximately $217,000. Aperio Group LLC purchased a new stake in shares of Quality Systems in the 2nd quarter valued at approximately $237,000. Finally, Victory Capital Management Inc. grew its stake in shares of Quality Systems by 52.9% in the 1st quarter. Victory Capital Management Inc. now owns 21,182 shares of the company’s stock valued at $289,000 after buying an additional 7,326 shares during the period. 70.30% of the stock is owned by institutional investors.
Quality Systems stock opened at $22.96 on Friday. Quality Systems, Inc. has a 1-year low of $12.24 and a 1-year high of $23.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $1.46 billion, a PE ratio of 41.96, a PEG ratio of 4.36 and a beta of 0.62.
Several research firms have recently weighed in on QSII. Zacks Investment Research cut shares of Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Cantor Fitzgerald reissued a “buy” rating and issued a $23.00 price target (up previously from $21.00) on shares of Quality Systems in a research note on Thursday, June 21st. BidaskClub raised shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. ValuEngine raised shares of Quality Systems from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Finally, KeyCorp increased their price target on shares of Quality Systems from $12.00 to $17.00 and gave the company an “underweight” rating in a research note on Wednesday, August 1st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.36.
About Quality Systems
Quality Systems, Inc provides software, services, and analytics solutions to medical and dental group practices in the United States. The company's principal products include NextGen Enterprise EHR, an electronic health records solution, which stores and maintains clinical patient information; and offers a workflow module, prescription management, automatic document and letter generation, patient education, referral tracking, interfaces to billing and lab systems, physician alerts and reminders, and reporting and data analysis tools.
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