Strs Ohio purchased a new stake in shares of Nextgen Healthcare Inc (NASDAQ:NXGN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,966 shares of the company’s stock, valued at approximately $561,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NXGN. Foundry Partners LLC bought a new position in Nextgen Healthcare during the third quarter valued at approximately $3,534,000. Louisiana State Employees Retirement System bought a new position in Nextgen Healthcare during the third quarter valued at approximately $420,000. NJ State Employees Deferred Compensation Plan bought a new position in Nextgen Healthcare during the third quarter valued at approximately $402,000. Finally, Bank of Montreal Can bought a new position in Nextgen Healthcare during the third quarter valued at approximately $165,000. Institutional investors and hedge funds own 69.03% of the company’s stock.

A number of brokerages have commented on NXGN. TheStreet upgraded shares of Nextgen Healthcare from a “c” rating to a “b-” rating in a research report on Thursday, November 1st. Morgan Stanley upgraded shares of Nextgen Healthcare from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $12.00 to $16.00 in a research report on Thursday, November 1st. KeyCorp reduced their price target on shares of Nextgen Healthcare from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 31st. Finally, Cantor Fitzgerald reduced their price target on shares of Nextgen Healthcare from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 31st.

NASDAQ:NXGN opened at $15.66 on Friday. The company has a market cap of $1.04 billion, a PE ratio of 30.92, a P/E/G ratio of 3.16 and a beta of 0.93. Nextgen Healthcare Inc has a fifty-two week low of $12.24 and a fifty-two week high of $23.73. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.12.

Nextgen Healthcare (NASDAQ:NXGN) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $130.30 million during the quarter, compared to analyst estimates of $134.55 million. Nextgen Healthcare had a return on equity of 10.23% and a net margin of 1.17%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Sell-side analysts anticipate that Nextgen Healthcare Inc will post 0.57 earnings per share 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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Institutional Ownership by Quarter for Nextgen Healthcare (NASDAQ:NXGN)

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