(NASDAQ:QSII) shares saw heavy trading volume with 486K shares changing hands by the end of trading on Tuesday. Overall, volume was up 77.29% over the stocks normal daily volume.
Investors are feeling more bearish on shares of the company if you take a look at the rise in short interest. The stock saw a rise in short interest of 1.52% as of October 13, 2017 from the last reporting period. Short shares grew from 5,550,049 to 5,634,231 over that period. The days to cover increased to 28.0 and the short interest percentage is 0.09% as of October 13.
Quality Systems, Inc. (NASDAQ:QSII) has been the object of insider selling activity recently. Director Russell Pflueger sold 20,968 shares at a price of $15.80 on Fri the 18th. The Director now owns $460,997 of the stock per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (QSII). As of quarter end Smith, Graham & Co., Investment Advisors, Lp had sold a total of 5,360 shares trimming its position 1.0%. The value of the investment in (QSII) decreased from $9,178,000 to $8,304,000 a change of $874,000 since the last quarter. First Quadrant L P/ca downsized its stake by selling 4,837 shares a decrease of 16.6% as of 09/30/2017. First Quadrant L P/ca currently owns 24,332 shares worth $383,000. The value of the position overall is down by 23.7%.
Nationwide Fund Advisors reduced its holdings by shedding 2,990 shares a decrease of 0.9% in the quarter. Nationwide Fund Advisors now controls 317,829 shares valued at $4,999,000. The total value of its holdings decreased 9.5%. Nj State Employees Deferred Compensation Plan augmented its position by buying 5,000 shares an increase of 33.3% from 06/30/2017 to 09/30/2017. Nj State Employees Deferred Compensation Plan owns 20,000 shares with a value of $315,000. The value of the position overall is up by 22.1%.
RBC Capital starting coverage on the stock giving it an initial rating of “Underperform”.
The company is trading down from yesterday’s close of $14.07. It is currently trading at $14.07 marginally under the 50 day moving average of $15.39 and which is quite a bit below the 200 day moving average of $15.69. The 50 day moving average went down by -8.59% whereas the 200 day moving average was down $-1.62 or -10.33%.
The P/E ratio is currently 39.30 and the market value is 891.57M. As of the latest earnings report the EPS was $0.36 and is estimated to be $0.68 for the current year with 63,367,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.14 with next year’s EPS anticipated to be $0.72.
Quality Systems, Inc. (QSI), launched on April 24, 1974, primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company is involved 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. The Company operates through three segments: the NextGen Division, the RCM Services Division and the QSI Dental Division. The Company also provides implementation, training, support and maintenance for software and complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI). The Business’s clients include single and small practice physicians, networks of practices, such as physician hospital organizations (PHOs), management service organizations (MSOs), accountable care organizations (ACOs), ambulatory care centers, community health centers and medical and dental schools..Advertisement