Trading volume for Quality Systems Inc was 801K on Tuesday. Volume was up 98.70% over the stocks average daily volume.
Traders are more bearish on Quality Systems Inc recently if you take a look at the uptick in short interest. The stock experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 1.52%. Short shares increased 84,182 over that timeframe. Days to cover increased 6.0 to 28.0 and the short interest percentage is 0.09% as of October 13.
These funds have shifted positions in (QSII). California State Teachers Retirement System cut its investment by selling 7,705 shares a decrease of 8.3% in the quarter. California State Teachers Retirement System claims 84,876 shares with a value of $1,335,000. The total value of its holdings decreased 16.2%. Axa expanded its ownership by buying 1,400 shares an increase of 1.0% from 06/30/2017 to 09/30/2017. Axa now holds 147,700 shares worth $2,323,000. The value of the position overall is down by 7.7%.
Alliancebernstein L.P. trimmed its holdings by shedding 31,710 shares a decrease of 10.7% as of 09/30/2017. Alliancebernstein L.P. now controls 264,172 shares valued at $4,155,000. The total value of its holdings decreased 18.4%. Dimensional Fund Advisors Lp added to its stake by buying 70,447 shares an increase of 3.4%. Dimensional Fund Advisors Lp owns 2,123,601 shares with a value of $33,404,000. The total value of its holdings decreased 5.5%.
October 29 investment analysts at Jefferies Group LLC maintained a company rating of “Hold” targeting a price of $14.50. Royal Bank Of Canada released research on QSII stating a rating of “Sell” and establishing a price target of $12.00.
On October 26 Cantor Fitzgerald made no change to the stock rating of “Hold” projecting a price of $13.00. On October 17 Robert W. Baird left the company rating at “Hold” with a current price target of $15.00.
On October 8 Jefferies Group LLC held the company rating at “Hold” targeting a price of $15.50. On September 19, 2017 Royal Bank Of Canada released a research note on QSII setting a rating of “Underperform”.
The company is so far trading down by 0.08% since yesterday’s close of 13.3. The most current P/E ratio is 31.03 and market cap is 846.19M. As of the last earnings report the EPS was $0.43 with 63.67M shares currently outstanding.
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..