Quality Systems, Inc. (NASDAQ:QSII) was the recipient of unusually large options trading on Tuesday. Traders bought 1,828 call options on the company. This represents an increase of approximately 3,164% compared to the typical daily volume of 56 call options.
Institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. increased its stake in shares of Quality Systems by 8.9% in the 3rd quarter. Prudential Financial Inc. now owns 146,202 shares of the company’s stock valued at $2,299,000 after purchasing an additional 11,965 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Quality Systems in the 3rd quarter valued at $278,000. Foundry Partners LLC increased its stake in shares of Quality Systems by 3.3% in the 4th quarter. Foundry Partners LLC now owns 292,105 shares of the company’s stock valued at $3,967,000 after purchasing an additional 9,320 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in Quality Systems during the 4th quarter worth $234,000. Finally, BNP Paribas Arbitrage SA grew its position in Quality Systems by 50.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 28,237 shares of the company’s stock worth $444,000 after acquiring an additional 9,512 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.
A number of equities analysts have commented on QSII shares. SunTrust Banks restated a “hold” rating and set a $15.00 price objective on shares of Quality Systems in a research note on Friday, November 17th. BidaskClub lowered Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Citigroup started coverage on Quality Systems in a research note on Thursday, January 4th. They set a “sell” rating and a $13.00 price objective on the stock. Finally, Piper Jaffray Companies restated a “buy” rating and set a $17.00 price objective on shares of Quality Systems in a research note on Friday, January 26th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.44.
Quality Systems (NASDAQ:QSII) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Quality Systems had a return on equity of 12.08% and a net margin of 3.39%. The company had revenue of $131.70 million for the quarter, compared to analyst estimates of $130.63 million. During the same quarter last year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. sell-side analysts expect that Quality Systems will post 0.56 earnings per share for the current year.
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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