Bank of America Corp DE boosted its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 51.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 113,876 shares of the company’s stock after buying an additional 38,915 shares during the period. Bank of America Corp DE’s holdings in Quality Systems were worth $1,736,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Quality Systems by 496.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock worth $134,000 after buying an additional 7,353 shares during the last quarter. Budros Ruhlin & Roe Inc. purchased a new stake in Quality Systems during the first quarter worth approximately $152,000. Municipal Employees Retirement System of Michigan boosted its stake in Quality Systems by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,500 shares of the company’s stock worth $160,000 after buying an additional 260 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Quality Systems by 9.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock worth $163,000 after buying an additional 952 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in Quality Systems by 7.6% in the first quarter. Mason Street Advisors LLC now owns 10,804 shares of the company’s stock worth $165,000 after buying an additional 763 shares during the last quarter. Hedge funds and other institutional investors own 66.86% of the company’s stock.

Shares of Quality Systems, Inc. (NASDAQ:QSII) traded down 0.06% during midday trading on Tuesday, reaching $15.76. 20,494 shares of the company traded hands. The company has a market capitalization of $998.66 million, a PE ratio of 44.02 and a beta of 0.89. Quality Systems, Inc. has a 1-year low of $10.60 and a 1-year high of $17.74. The company has a 50 day moving average price of $16.83 and a 200 day moving average price of $15.52.

Quality Systems (NASDAQ:QSII) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same quarter in the prior year, the business posted $0.15 EPS. Quality Systems’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect that Quality Systems, Inc. will post $0.67 earnings per share for the current year.

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A number of equities research analysts have recently commented on QSII shares. BidaskClub cut shares of Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Monday, May 29th. Jefferies Group LLC reiterated a “hold” rating and set a $15.50 price target (up previously from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Leerink Swann reiterated a “market perform” rating and set a $16.00 price target (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $20.00 target price (up previously from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Quality Systems has an average rating of “Hold” and a consensus target price of $14.50.

About Quality Systems

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

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