Algert Global LLC grew its holdings in shares of Quality Systems, Inc. (NASDAQ:QSII) by 17.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 172,267 shares of the company’s stock after acquiring an additional 26,097 shares during the period. Algert Global LLC owned about 0.27% of Quality Systems worth $2,710,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QSII. Teachers Advisors LLC raised its stake in shares of Quality Systems by 4.1% during the first quarter. Teachers Advisors LLC now owns 87,669 shares of the company’s stock valued at $1,336,000 after acquiring an additional 3,472 shares during the last quarter. State Street Corp raised its stake in Quality Systems by 6.6% during the first quarter. State Street Corp now owns 1,126,691 shares of the company’s stock worth $17,171,000 after buying an additional 69,917 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Quality Systems by 7.8% during the second quarter. Russell Investments Group Ltd. now owns 43,374 shares of the company’s stock worth $746,000 after buying an additional 3,124 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Quality Systems by 3.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock worth $188,000 after buying an additional 400 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Quality Systems by 6.1% during the second quarter. Great West Life Assurance Co. Can now owns 67,437 shares of the company’s stock worth $1,160,000 after buying an additional 3,900 shares during the last quarter. 72.25% of the stock is owned by hedge funds and other institutional investors.

Quality Systems, Inc. (NASDAQ QSII) opened at $13.71 on Friday. Quality Systems, Inc. has a 52 week low of $12.61 and a 52 week high of $17.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.23. The firm has a market cap of $870.39, a price-to-earnings ratio of 18.73, a P/E/G ratio of 3.12 and a beta of 0.83.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. Quality Systems had a net margin of 5.12% and a return on equity of 14.70%. The firm had revenue of $132.61 million during the quarter, compared to the consensus estimate of $130.15 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. analysts expect that Quality Systems, Inc. will post 0.57 EPS for the current fiscal year.

QSII has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “hold” rating and set a $13.00 target price on shares of Quality Systems in a research note on Thursday, October 26th. TheStreet downgraded shares of Quality Systems from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. SunTrust Banks reissued a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research note on Friday, November 17th. Jefferies Group reissued a “hold” rating and set a $15.50 target price on shares of Quality Systems in a research note on Sunday, October 8th. Finally, Robert W. Baird reissued a “hold” rating and set a $15.00 target price on shares of Quality Systems in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.07.

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Quality Systems 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.

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

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