Trade Report: The Capstone Asset Management Co. Sold shares of Quality Systems Inc. (QSII)

The Capstone Asset Management Co. Sold shares of Quality Systems Inc. (QSII)

Capstone Asset Management Co. lowered its position in shares of Quality Systems Inc. (NASDAQ:QSII) by 2.8% during the third quarter, Holdings Channel reports. The firm owned 12,576 shares of the company’s stock after selling 360 shares during the period. Capstone Asset Management Co.’s holdings in Quality Systems were worth $142,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QSII. BlackRock Fund Advisors boosted its position in shares of Quality Systems by 3.8% in the second quarter. BlackRock Fund Advisors now owns 3,011,204 shares of the company’s stock valued at $35,863,000 after buying an additional 109,154 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Quality Systems by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,907,078 shares of the company’s stock valued at $22,713,000 after buying an additional 50,665 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Quality Systems by 8.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,267,498 shares of the company’s stock valued at $15,096,000 after buying an additional 100,186 shares during the last quarter. United Services Automobile Association boosted its position in shares of Quality Systems by 29.7% in the second quarter. United Services Automobile Association now owns 812,000 shares of the company’s stock valued at $9,671,000 after buying an additional 186,000 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Quality Systems by 14.2% in the first quarter. Prudential Financial Inc. now owns 606,507 shares of the company’s stock valued at $9,243,000 after buying an additional 75,507 shares during the last quarter. Institutional investors own 70.17% of the company’s stock.

Quality Systems Inc. (NASDAQ:QSII) opened at 11.20 on Friday. The stock has a 50 day moving average price of $11.44 and a 200-day moving average price of $12.68. Quality Systems Inc. has a 12-month low of $10.60 and a 12-month high of $17.50. The firm’s market cap is $688.87 million.

Quality Systems (NASDAQ:QSII) last posted its earnings results on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. Quality Systems had a negative net margin of 0.27% and a positive return on equity of 14.81%. The company earned $122.20 million during the quarter, compared to analyst estimates of $126.30 million. During the same quarter last year, the business posted $0.16 EPS. Quality Systems’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts forecast that Quality Systems Inc. will post $0.76 earnings per share for the current year.

Several equities analysts have recently issued reports on QSII shares. Deutsche Bank AG decreased their price objective on Quality Systems from $12.00 to $11.00 and set a “sell” rating for the company in a research note on Friday, July 29th. KeyCorp reiterated a “sell” rating and issued a $11.00 price objective on shares of Quality Systems in a research note on Friday, July 29th. JPMorgan Chase & Co. decreased their price objective on Quality Systems from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Zacks Investment Research upgraded Quality Systems from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, July 20th. Finally, FBR & Co reiterated a “hold” rating on shares of Quality Systems in a research note on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.63.

Quality Systems Company Profile

Quality Systems, Inc is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI).

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