KBC Group NV raised its stake in Quality Systems, Inc. (NASDAQ:QSII) by 45.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,240 shares of the company’s stock after buying an additional 17,646 shares during the period. KBC Group NV owned approximately 0.09% of Quality Systems worth $857,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Quality Systems by 20,380.4% in the first quarter. JPMorgan Chase & Co. now owns 126,569 shares of the company’s stock valued at $1,929,000 after buying an additional 125,951 shares during the last quarter. Mason Street Advisors LLC increased its position in Quality Systems by 7.6% in the first quarter. Mason Street Advisors LLC now owns 10,804 shares of the company’s stock valued at $165,000 after buying an additional 763 shares during the last quarter. Hancock Holding Co. increased its position in Quality Systems by 35.6% in the first quarter. Hancock Holding Co. now owns 66,094 shares of the company’s stock valued at $1,007,000 after buying an additional 17,351 shares during the last quarter. Martingale Asset Management L P increased its position in Quality Systems by 81.9% in the first quarter. Martingale Asset Management L P now owns 22,031 shares of the company’s stock valued at $336,000 after buying an additional 9,922 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its position in Quality Systems by 32.7% in the first quarter. Alambic Investment Management L.P. now owns 196,200 shares of the company’s stock valued at $2,990,000 after buying an additional 48,400 shares during the last quarter. 66.81% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Quality Systems (NASDAQ:QSII)

Shares of Quality Systems, Inc. (QSII) opened at 17.01 on Friday. The company has a market cap of $1.07 billion, a PE ratio of 58.66 and a beta of 0.86. The company has a 50 day moving average of $15.10 and a 200 day moving average of $14.53. Quality Systems, Inc. has a 1-year low of $10.60 and a 1-year high of $17.01.

Quality Systems (NASDAQ:QSII) last released its quarterly earnings data on Friday, May 19th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $132.40 million for the quarter, compared to analyst estimates of $128.37 million. Quality Systems had a net margin of 3.58% and a return on equity of 15.88%. Quality Systems’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Equities analysts expect that Quality Systems, Inc. will post $0.70 earnings per share for the current fiscal year.

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A number of research firms have issued reports on QSII. BidaskClub upgraded shares of Quality Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Leerink Swann restated a “market perform” rating and set a $16.00 price target (up from $14.00) on shares of Quality Systems in a report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Quality Systems from a “sell” rating to a “hold” rating in a report on Monday, May 29th. Finally, Jefferies Group LLC restated a “hold” rating and set a $13.00 price target on shares of Quality Systems in a report on Wednesday, March 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a strong buy rating to the stock. Quality Systems has an average rating of “Hold” and a consensus target price of $12.86.

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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