Tradelink Capital adds Quality Systems (QSII) to its portfolio

Quality Systems (QSII) : Tradelink Capital added new position in Quality Systems during the most recent quarter end. The investment management firm now holds 12,148 shares of Quality Systems which is valued at $151,486 , the company said in a statement filed on Aug 1, 2016 with the SEC.Quality Systems makes up approximately 0.70% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Quantitative Systematic Strategies added QSII to its portfolio by purchasing 14,755 company shares during the most recent quarter which is valued at $181,191. Quality Systems makes up approx 0.08% of Quantitative Systematic Strategies’s portfolio.Smith Graham Investment Advisors Lp boosted its stake in QSII in the latest quarter, The investment management firm added 3,365 additional shares and now holds a total of 420,346 shares of Quality Systems which is valued at $5,426,667. Quality Systems makes up approx 0.71% of Smith Graham Investment Advisors Lp’s portfolio.Huntington National Bank boosted its stake in QSII in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 466 shares of Quality Systems which is valued at $6,016.

Quality Systems closed down -0.17 points or -1.36% at $12.3 with 3,11,851 shares getting traded on Thursday. Post opening the session at $12.47, the shares hit an intraday low of $12.12 and an intraday high of $12.475 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Quality Systems reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.18. The company had revenue of $122.20 million for the quarter, compared to analysts expectations of $126.30 million. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on Quality Systems. Shares were Reiterated by Topeka Capital Markets on May 20, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18 .

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). The Company operates in four segments: QSI Dental Division NextGen Division Hospital Solutions Division and RCM Services Division. The QSI Dental Division NextGen Division and Hospital Solutions Division develop and market software that is designed to automate and streamline a number of the administrative functions required for operating a medical dental or hospital practice such as patient scheduling and billing.

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