Assetmark Inc. Buys 39,732 Shares of Quality Systems, Inc. (QSII)
Assetmark Inc. increased its stake in shares of Quality Systems, Inc. (NASDAQ:QSII) by 56.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 110,584 shares of the company’s stock after purchasing an additional 39,732 shares during the period. Assetmark Inc. owned 0.17% of Quality Systems worth $1,739,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Martingale Asset Management L P increased its stake in Quality Systems by 724.6% in the 2nd quarter. Martingale Asset Management L P now owns 181,661 shares of the company’s stock worth $3,127,000 after acquiring an additional 159,630 shares during the last quarter. FMR LLC bought a new position in shares of Quality Systems during the 2nd quarter valued at about $20,233,000. AJO LP increased its position in shares of Quality Systems by 119.1% during the 2nd quarter. AJO LP now owns 180,739 shares of the company’s stock valued at $3,111,000 after purchasing an additional 98,257 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Quality Systems during the 2nd quarter valued at about $967,000. Finally, BlackRock Inc. increased its position in shares of Quality Systems by 2.9% during the 2nd quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock valued at $101,869,000 after purchasing an additional 166,302 shares during the last quarter. 70.39% of the stock is currently owned by institutional investors and hedge funds.
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Quality Systems, Inc. (NASDAQ QSII) traded up $0.15 during midday trading on Thursday, reaching $14.47. The company’s stock had a trading volume of 204,400 shares, compared to its average volume of 320,431. Quality Systems, Inc. has a 1-year low of $12.61 and a 1-year high of $17.74. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The stock has a market cap of $911.78, a PE ratio of 19.62, a P/E/G ratio of 3.27 and a beta of 0.82.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $130.15 million. During the same quarter last year, the business posted $0.23 EPS. The business’s revenue was up 4.3% on a year-over-year basis. equities analysts forecast that Quality Systems, Inc. will post 0.57 EPS for the current year.
QSII has been the topic of several recent research reports. Jefferies Group LLC reiterated a “hold” rating and set a $15.50 price objective on shares of Quality Systems in a research report on Sunday, October 8th. Piper Jaffray Companies reiterated an “overweight” rating and set a $20.00 price objective (up from $16.00) on shares of Quality Systems in a research report on Tuesday, August 1st. Cantor Fitzgerald reiterated a “hold” rating and set a $13.00 price objective on shares of Quality Systems in a research report on Thursday, October 26th. TheStreet lowered Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded Quality Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.07.
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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