Quality Systems, Inc. (QSII) Shares Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC boosted its stake in shares of Quality Systems, Inc. (NASDAQ:QSII) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,701 shares of the company’s stock after buying an additional 14,000 shares during the period. Chartwell Investment Partners LLC owned approximately 0.29% of Quality Systems worth $3,127,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Quality Systems by 496.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,833 shares of the company’s stock valued at $134,000 after buying an additional 7,353 shares during the period. Budros Ruhlin & Roe Inc. purchased a new stake in shares of Quality Systems during the first quarter valued at $152,000. State of Alaska Department of Revenue raised its stake in shares of Quality Systems by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 9,159 shares of the company’s stock valued at $157,000 after buying an additional 4,059 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of 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 valued at $160,000 after buying an additional 260 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Quality Systems by 9.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,683 shares of the company’s stock valued at $163,000 after buying an additional 952 shares during the period. Institutional investors and hedge funds own 66.86% of the company’s stock.

Shares of Quality Systems, Inc. (NASDAQ QSII) opened at 15.69 on Tuesday. Quality Systems, Inc. has a 12 month low of $10.60 and a 12 month high of $17.74. The stock’s 50 day moving average price is $16.64 and its 200-day moving average price is $15.55. The firm has a market capitalization of $994.23 million, a price-to-earnings ratio of 43.83 and a beta of 0.89.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Quality Systems had a return on equity of 15.49% and a net margin of 4.40%. The business had revenue of $130.90 million for the quarter, compared to analyst estimates of $126.75 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Quality Systems, Inc. will post $0.67 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://sportsperspectives.com/2017/08/22/quality-systems-inc-qsii-shares-bought-by-chartwell-investment-partners-llc.html.

Several brokerages have recently weighed in on QSII. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Jefferies Group LLC restated a “hold” rating and issued a $15.50 price objective (up previously from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Piper Jaffray Companies restated an “overweight” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Quality Systems in a report on Tuesday, August 1st. BidaskClub lowered Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Leerink Swann restated a “market perform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Quality Systems has a consensus rating of “Hold” and a consensus price target of $14.50.

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.

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

Receive News & Ratings for Quality Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quality Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply