Comerica Bank increased its holdings in Nextgen Healthcare Inc (NASDAQ:NXGN) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,000 shares of the company’s stock after purchasing an additional 665 shares during the quarter. Comerica Bank owned approximately 0.07% of Nextgen Healthcare worth $813,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of Nextgen Healthcare in the fourth quarter worth $60,000. Bank of Montreal Can bought a new stake in Nextgen Healthcare during the third quarter valued at $165,000. BlueMountain Capital Management LLC bought a new stake in Nextgen Healthcare during the third quarter valued at $205,000. Quantbot Technologies LP bought a new stake in Nextgen Healthcare during the third quarter valued at $207,000. Finally, Piedmont Investment Advisors Inc. bought a new stake in Nextgen Healthcare during the third quarter valued at $222,000. 69.02% of the stock is currently owned by institutional investors.
NXGN has been the topic of a number of research analyst reports. Dougherty & Co raised shares of Nextgen Healthcare from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, January 11th. Zacks Investment Research raised shares of Nextgen Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. TheStreet cut shares of Nextgen Healthcare from a “b-” rating to a “c+” rating in a research report on Wednesday, November 21st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $23.00 price target on shares of Nextgen Healthcare in a research report on Thursday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.50.
Shares of NXGN opened at $17.20 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 3.36 and a beta of 1.16. Nextgen Healthcare Inc has a 12 month low of $12.96 and a 12 month high of $23.73.
Nextgen Healthcare (NASDAQ:NXGN) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. Nextgen Healthcare had a net margin of 1.80% and a return on equity of 10.66%. The business had revenue of $130.87 million for the quarter, compared to analysts’ expectations of $130.79 million. As a group, sell-side analysts predict that Nextgen Healthcare Inc will post 0.57 EPS for the current year.
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Nextgen Healthcare Profile
NextGen Healthcare, Inc provides software, services, and analytics solutions to medical and dental group practices in the United States. The company's principal products include NextGen Enterprise EHR, which stores and maintains clinical patient information; and a workflow module, prescription management, automatic document and letter generation, patient education, referral tracking, interfaces to billing and lab systems, physician alerts and reminders, and reporting and data analysis tools.
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