Quality Systems Inc. (QSII) Position Decreased by GSA Capital Partners LLP
GSA Capital Partners LLP cut its stake in shares of Quality Systems Inc. (NASDAQ:QSII) by 65.0% during the second quarter, Holdings Channel reports. The fund owned 41,043 shares of the company’s stock after selling 76,083 shares during the period. GSA Capital Partners LLP owned about 0.07% of Quality Systems worth $489,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. boosted its stake in Quality Systems by 6.6% in the second quarter. GHP Investment Advisors Inc. now owns 59,860 shares of the company’s stock valued at $713,000 after buying an additional 3,725 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Quality Systems during the second quarter valued at approximately $2,233,000. Swiss National Bank raised its position in shares of Quality Systems by 2.3% in the second quarter. Swiss National Bank now owns 75,400 shares of the company’s stock valued at $898,000 after buying an additional 1,700 shares during the period. New Amsterdam Partners LLC NY purchased a new position in shares of Quality Systems during the second quarter valued at approximately $3,721,000. Finally, TradeLink Capital LLC purchased a new position in shares of Quality Systems during the second quarter valued at approximately $145,000. 70.85% of the stock is currently owned by hedge funds and other institutional investors.
Quality Systems Inc. (NASDAQ:QSII) traded up 0.61% on Friday, hitting $11.48. The stock had a trading volume of 451,956 shares. The firm’s market capitalization is $706.09 million. The stock’s 50-day moving average is $12.04 and its 200 day moving average is $13.21. Quality Systems Inc. has a 1-year low of $11.10 and a 1-year high of $17.50.
Quality Systems (NASDAQ:QSII) last posted its earnings results on Thursday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. The firm earned $122.20 million during the quarter, compared to analysts’ expectations of $126.30 million. Quality Systems had a positive return on equity of 14.81% and a negative net margin of 0.27%. Quality Systems’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, equities research analysts predict that Quality Systems Inc. will post $0.76 earnings per share for the current fiscal year.
QSII has been the topic of several recent research reports. Deutsche Bank AG reiterated a “sell” rating on shares of Quality Systems in a research report on Sunday, May 22nd. KeyCorp reiterated a “sell” rating on shares of Quality Systems in a research report on Sunday, May 22nd. FBR & Co reiterated a “hold” rating on shares of Quality Systems in a research report on Sunday, May 22nd. Avondale Partners reiterated a “market perform” rating and set a $14.00 price objective on shares of Quality Systems in a research report on Monday, May 23rd. Finally, SunTrust Banks Inc. increased their price objective on Quality Systems from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, June 2nd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Quality Systems presently has an average rating of “Hold” and a consensus target price of $15.63.
About Quality Systems
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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