Assenagon Asset Management S.A. acquired a new stake in shares of Nextgen Healthcare Inc (NASDAQ:NXGN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 77,632 shares of the company’s stock, valued at approximately $1,559,000. Assenagon Asset Management S.A. owned approximately 0.12% of Nextgen Healthcare at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in NXGN. Bank of Montreal Can purchased a new stake in Nextgen Healthcare during the 3rd quarter valued at about $165,000. Hanson & Doremus Investment Management purchased a new stake in Nextgen Healthcare during the 3rd quarter valued at about $208,000. NJ State Employees Deferred Compensation Plan purchased a new stake in Nextgen Healthcare during the 3rd quarter valued at about $402,000. Louisiana State Employees Retirement System purchased a new stake in Nextgen Healthcare during the 3rd quarter valued at about $420,000. Finally, Strs Ohio purchased a new stake in Nextgen Healthcare during the 3rd quarter valued at about $561,000. 69.03% of the stock is owned by institutional investors.
Shares of NASDAQ NXGN opened at $15.66 on Friday. Nextgen Healthcare Inc has a 12-month low of $12.24 and a 12-month high of $23.73. The stock has a market cap of $986.84 million, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.33 and a quick ratio of 1.33.
Nextgen Healthcare (NASDAQ:NXGN) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Nextgen Healthcare had a net margin of 1.17% and a return on equity of 10.23%. The company had revenue of $130.30 million during the quarter, compared to analysts’ expectations of $134.55 million. During the same quarter in the prior year, the company earned $0.22 EPS. Nextgen Healthcare’s revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Nextgen Healthcare Inc will post 0.57 earnings per share for the current year.
Several analysts recently issued reports on the stock. Cantor Fitzgerald dropped their price objective on shares of Nextgen Healthcare from $26.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, October 31st. Morgan Stanley raised shares of Nextgen Healthcare from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $12.00 to $16.00 in a research note on Thursday, November 1st. TheStreet raised shares of Nextgen Healthcare from a “c” rating to a “b-” rating in a research note on Thursday, November 1st. Finally, KeyCorp dropped their price objective on shares of Nextgen Healthcare from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, October 31st.
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Nextgen Healthcare Company 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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