California State Teachers Retirement System Sells 8,076 Shares of Quality Systems, Inc. (QSII)

California State Teachers Retirement System cut its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,581 shares of the company’s stock after selling 8,076 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Quality Systems worth $1,593,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Quality Systems by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,466 shares of the company’s stock valued at $696,000 after purchasing an additional 366 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. State Street Corp increased its position in shares of Quality Systems by 5.4% during the 2nd quarter. State Street Corp now owns 1,187,459 shares of the company’s stock valued at $20,436,000 after purchasing an additional 60,768 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Quality Systems by 79.5% during the 2nd quarter. Gotham Asset Management LLC now owns 114,278 shares of the company’s stock valued at $1,967,000 after purchasing an additional 50,615 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Quality Systems by 13.4% during the 2nd quarter. Voya Investment Management LLC now owns 23,644 shares of the company’s stock valued at $407,000 after purchasing an additional 2,794 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

QSII has been the topic of several recent research reports. BidaskClub lowered Quality Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. TheStreet lowered Quality Systems from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. 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. Robert W. Baird reiterated a “hold” rating and set a $15.00 price objective on shares of Quality Systems in a research report on Sunday, September 17th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $15.00 price objective on shares of Quality Systems in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.07.

Quality Systems, Inc. (NASDAQ QSII) opened at $13.66 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. Quality Systems, Inc. has a 1 year low of $12.61 and a 1 year high of $17.74. The stock has a market capitalization of $869.76, a P/E ratio of 18.71, a P/E/G ratio of 3.12 and a beta of 0.82.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $130.15 million. During the same period last year, the company earned $0.23 EPS. Quality Systems’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts predict that Quality Systems, Inc. will post 0.57 earnings per share for the current year.

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

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