Quality Systems, Inc. (NASDAQ:QSII) Director Russell Pflueger sold 20,968 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $15.75, for a total value of $330,246.00. Following the transaction, the director now directly owns 46,745 shares of the company’s stock, valued at approximately $736,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Quality Systems, Inc. (NASDAQ:QSII) opened at 15.78 on Wednesday. The stock has a market capitalization of $999.93 million, a price-to-earnings ratio of 44.08 and a beta of 0.89. Quality Systems, Inc. has a 12 month low of $10.60 and a 12 month high of $17.74. The company has a 50-day moving average price of $16.64 and a 200 day moving average price of $15.55.
Quality Systems (NASDAQ:QSII) last released its earnings results on Tuesday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Quality Systems had a net margin of 4.40% and a return on equity of 15.49%. The company had revenue of $130.90 million during the quarter, compared to the consensus estimate of $126.75 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Quality Systems, Inc. will post $0.67 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Brown Capital Management LLC increased its stake in Quality Systems by 0.3% in the first quarter. Brown Capital Management LLC now owns 9,521,956 shares of the company’s stock worth $145,115,000 after buying an additional 27,100 shares during the last quarter. BlackRock Inc. increased its stake in Quality Systems by 2.9% in the second quarter. BlackRock Inc. now owns 5,919,215 shares of the company’s stock worth $101,869,000 after buying an additional 166,302 shares during the last quarter. Vanguard Group Inc. increased its stake in Quality Systems by 3.8% in the second quarter. Vanguard Group Inc. now owns 4,691,366 shares of the company’s stock worth $80,739,000 after buying an additional 170,698 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Quality Systems by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,053,154 shares of the company’s stock worth $35,335,000 after buying an additional 74,936 shares during the last quarter. Finally, State Street Corp increased its stake in Quality Systems by 5.4% in the second quarter. State Street Corp now owns 1,187,459 shares of the company’s stock worth $20,436,000 after buying an additional 60,768 shares during the last quarter. Institutional investors own 66.86% of the company’s stock.
A number of equities analysts have commented on the company. TheStreet cut Quality Systems from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Zacks Investment Research cut Quality Systems from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BidaskClub cut Quality Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Leerink Swann reissued a “market perform” rating and set a $16.00 target price (up previously from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $15.50 target price (up previously from $13.00) on shares of Quality Systems in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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