OxFORD Asset Management LLP boosted its holdings in Quality Systems, Inc. (NASDAQ:QSII) by 42.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,246 shares of the company’s stock after acquiring an additional 74,306 shares during the period. OxFORD Asset Management LLP owned about 0.39% of Quality Systems worth $3,914,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of QSII. Pinebridge Investments L.P. lifted its holdings in Quality Systems by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 6,113 shares of the company’s stock worth $105,000 after acquiring an additional 86 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Quality Systems in the second quarter worth about $173,000. Municipal Employees Retirement System of Michigan lifted its holdings in Quality Systems by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock worth $188,000 after acquiring an additional 400 shares during the last quarter. Koch Industries Inc. bought a new position in Quality Systems in the second quarter worth about $189,000. Finally, Victory Capital Management Inc. bought a new position in Quality Systems in the third quarter worth about $199,000. 72.25% of the stock is currently owned by hedge funds and other institutional investors.
QSII has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Sunday, September 17th. BidaskClub cut Quality Systems from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp reaffirmed a “sell” rating on shares of Quality Systems in a report on Sunday, September 17th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $15.00 price target on shares of Quality Systems in a report on Thursday, September 14th. Finally, Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Quality Systems has an average rating of “Hold” and an average price target of $15.07.
Quality Systems (NASDAQ:QSII) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. The company had revenue of $132.61 million for the quarter, compared to analysts’ expectations of $130.15 million. Quality Systems had a return on equity of 14.70% and a net margin of 5.12%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. sell-side analysts forecast that Quality Systems, Inc. will post 0.57 EPS for the current year.
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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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