Trade Report: The Swiss National Bank Raises it position for Quality Systems Inc. (QSII)

The Swiss National Bank Raises it position for Quality Systems Inc. (QSII)

Swiss National Bank increased its stake in shares of Quality Systems Inc. (NASDAQ:QSII) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 75,400 shares of the company’s stock after buying an additional 1,700 shares during the period. Swiss National Bank owned about 0.12% of Quality Systems worth $898,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Quality Systems by 831.6% in the first quarter. JPMorgan Chase & Co. now owns 365,063 shares of the company’s stock valued at $5,564,000 after buying an additional 325,876 shares during the last quarter. New Amsterdam Partners LLC NY bought a new stake in Quality Systems during the second quarter valued at approximately $3,721,000. Hancock Holding Co. bought a new stake in Quality Systems during the first quarter valued at approximately $1,507,000. Prudential Financial Inc. increased its stake in 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. Finally, TIAA CREF Investment Management LLC increased its stake in Quality Systems by 35.1% in the first quarter. TIAA CREF Investment Management LLC now owns 257,728 shares of the company’s stock valued at $3,928,000 after buying an additional 66,935 shares during the last quarter. 70.17% of the stock is owned by institutional investors.

Quality Systems Inc. (NASDAQ:QSII) traded up 1.12% during midday trading on Friday, hitting $10.87. The stock had a trading volume of 212,797 shares. Quality Systems Inc. has a 52 week low of $10.61 and a 52 week high of $17.50. The stock’s market cap is $668.57 million. The company has a 50-day moving average price of $11.53 and a 200-day moving average price of $12.80.

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

Several equities research analysts have recently commented on QSII shares. Zacks Investment Research raised Quality Systems from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Wednesday, July 20th. Jefferies Group reissued a “hold” rating and issued a $13.00 price objective (down previously from $15.00) on shares of Quality Systems in a report on Tuesday, August 2nd. FBR & Co reissued a “hold” rating on shares of Quality Systems in a report on Monday, August 1st. KeyCorp reissued a “sell” rating and issued a $11.00 price objective on shares of Quality Systems in a report on Friday, July 29th. Finally, Deutsche Bank AG cut their price objective on Quality Systems from $12.00 to $11.00 and set a “sell” rating for the company in a report on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target 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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