Arrowstreet Capital Limited Partnership Trims Holdings in Quality Systems (NASDAQ:QSII)

Arrowstreet Capital Limited Partnership decreased its stake in Quality Systems (NASDAQ:QSII) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,774 shares of the company’s stock after selling 65,550 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.16% of Quality Systems worth $1,355,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QSII. LS Investment Advisors LLC raised its stake in shares of Quality Systems by 404.4% during the fourth quarter. LS Investment Advisors LLC now owns 8,777 shares of the company’s stock valued at $119,000 after acquiring an additional 7,037 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Quality Systems during the third quarter valued at $199,000. Macquarie Group Ltd. bought a new position in shares of Quality Systems during the third quarter valued at $220,000. Teacher Retirement System of Texas bought a new position in shares of Quality Systems during the fourth quarter valued at $223,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Quality Systems during the fourth quarter valued at $269,000. 71.04% of the stock is owned by institutional investors and hedge funds.

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Shares of QSII remained flat at $$13.65 during trading hours on Monday. 357,700 shares of the stock traded hands, compared to its average volume of 337,394. Quality Systems has a 52 week low of $12.24 and a 52 week high of $17.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $869.70, a PE ratio of 22.38, a PEG ratio of 3.12 and a beta of 0.65.

Quality Systems (NASDAQ:QSII) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Quality Systems had a net margin of 3.39% and a return on equity of 12.08%. The company had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $130.63 million. During the same period in the prior year, the company posted $0.23 earnings per share. Quality Systems’s revenue for the quarter was up 3.0% compared to the same quarter last year. equities research analysts anticipate that Quality Systems will post 0.56 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Quality Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Piper Jaffray reaffirmed a “buy” rating and set a $17.00 price target on shares of Quality Systems in a research note on Friday, January 26th. Zacks Investment Research downgraded shares of Quality Systems from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, Citigroup assumed coverage on shares of Quality Systems in a research note on Thursday, January 4th. They set a “sell” rating and a $13.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.44.

In other news, CFO James Robert Jr. Arnold acquired 40,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was bought at an average cost of $13.10 per share, for a total transaction of $524,000.00. Following the completion of the transaction, the chief financial officer now directly owns 212,156 shares in the company, valued at approximately $2,779,243.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.90% of the company’s stock.

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Quality Systems Company Profile

Quality Systems, Inc, together with its subsidiaries, develops and markets software and services that automate various aspects of practice management (PM) and electronic health records for medical and dental practices in the United States. The company's NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations.

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

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