Oppenheimer & Co. Inc. Sells 3,761 Shares of Quality Systems Inc. (QSII)
Oppenheimer & Co. Inc. cut its position in shares of Quality Systems Inc. (NASDAQ:QSII) by 10.9% during the second quarter, Holdings Channel reports. The fund owned 30,869 shares of the company’s stock after selling 3,761 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.05% of Quality Systems worth $368,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of QSII. JPMorgan Chase & Co. increased its position in shares of Quality Systems by 831.6% in the first quarter. JPMorgan Chase & Co. now owns 365,063 shares of the company’s stock valued at $5,564,000 after buying an additional 325,876 shares during the period. BlackRock Group LTD increased its position in shares of Quality Systems by 5.3% in the first quarter. BlackRock Group LTD now owns 81,248 shares of the company’s stock valued at $1,238,000 after buying an additional 4,068 shares during the period. Springbok Capital Management LLC increased its position in shares of Quality Systems by 98.6% in the first quarter. Springbok Capital Management LLC now owns 18,027 shares of the company’s stock valued at $275,000 after buying an additional 8,949 shares during the period. Arizona State Retirement System increased its position in shares of Quality Systems by 3.6% in the first quarter. Arizona State Retirement System now owns 22,806 shares of the company’s stock valued at $348,000 after buying an additional 800 shares during the period. Finally, Algert Global LLC increased its position in shares of Quality Systems by 12.9% in the first quarter. Algert Global LLC now owns 43,001 shares of the company’s stock valued at $655,000 after buying an additional 4,901 shares during the period. 70.85% of the stock is currently owned by hedge funds and other institutional investors.
Quality Systems Inc. (NASDAQ:QSII) traded down 0.80% during trading on Tuesday, reaching $11.21. 186,087 shares of the company’s stock were exchanged. Quality Systems Inc. has a 1-year low of $11.10 and a 1-year high of $17.50. The company’s market capitalization is $689.48 million. The company’s 50-day moving average is $11.88 and its 200-day moving average is $13.10.
Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. Quality Systems had a positive return on equity of 14.81% and a negative net margin of 0.27%. The firm earned $122.20 million during the quarter, compared to analyst estimates of $126.30 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts expect that Quality Systems Inc. will post $0.76 earnings per share for the current fiscal year.
QSII has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Quality Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Jefferies Group restated a “hold” rating and set a $13.00 price objective (down from $15.00) on shares of Quality Systems in a report on Tuesday, August 2nd. FBR & Co restated a “hold” rating on shares of Quality Systems in a report on Monday, August 1st. JPMorgan Chase & Co. dropped their price objective on Quality Systems from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Finally, KeyCorp restated a “sell” rating and set a $11.00 price objective on shares of Quality Systems in a report on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.63.
Quality Systems Company Profile
Quality Systems, Inc is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI).
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