Stocks of NextGen Healthcare Inc. (NASDAQ:NXGN) traded higher last session on Wall Street, up 0.21% to $23.61.
According to the data, NextGen Healthcare Inc. (NASDAQ:NXGN) has 9 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $21.90, we find $23.95. Given the previous closing price of $23.56, this indicates a potential upside of 1.66 percent. NXGN stock price is now 39.25% away from the 50-day moving average and 34.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.49B.
A total of 8 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $23.46 as their price target over the next twelve months.
With the price target of $21, Cantor Fitzgerald recently initiated with Overweight rating for NextGen Healthcare Inc. (NASDAQ: NXGN).
In other news, Metcalfe David A, Chief Technology Officer sold 32,372 shares of the company’s stock on Dec 01. The stock was sold for $666,135 at an average price of $20.58. Upon completion of the transaction, the Chief Technology Officer now directly owns 161,179 shares in the company, valued at $3.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, EVP, Commercial Growth Waters Mitchell sold 9,783 shares of the business’s stock. A total of $200,552 was realized by selling the stock at an average price of $20.50. This leaves the insider owning 70,469 shares of the company worth $1.66 million. Insiders disposed of 384,677 shares of company stock worth roughly $9.08 million over the past 1 year. A total of 3.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NXGN stock. A new stake in NextGen Healthcare Inc. shares was purchased by EPOCH INVESTMENT PARTNERS, INC. during the first quarter worth $7,291,000. AXA S.A. invested $2,817,000 in shares of NXGN during the first quarter. In the first quarter, WEDGE CAPITAL MANAGEMENT L L P/NC acquired a new stake in NextGen Healthcare Inc. valued at approximately $2,370,000. NUMERAI GP LLC acquired a new stake in NXGN for approximately $1,387,000. FIRST TRUST ADVISORS LP purchased a new stake in NXGN valued at around $1,089,000 in the second quarter. In total, there are 324 active investors with 78.30% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $23.55 for NextGen Healthcare Inc. (NASDAQ: NXGN). During the past 12 months, NextGen Healthcare Inc. has had a low of $15.23 and a high of $23.60. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 2.20, and a quick ratio of 2.20. According to the stock market information, the enterprise value for the company is $1.64B, which is based on a 944.40 price-to-earnings ratio, a 306.62 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for NXGN is $17.11 and a two-hundred day moving average price translates $17.56 for the stock.
The latest earnings results from NextGen Healthcare Inc. (NASDAQ: NXGN) was released for Jun, 2023. According to the Health Information Services Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.22 by 0.02. This compares to $0.02 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 0.60% for NXGN. The company reported revenue of $178.21 million for the quarter, compared to $153.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.25 percent. For the current quarter, analysts expect NXGN to generate $177.1M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/04/2016. Investors who held shares on 12/11/2015 were paid a $0.175 dividend.
NextGen Healthcare Inc.(NXGN) Company Profile
NextGen Healthcare, Inc. provides healthcare technology solutions in the United States. The company offers clinical care solutions, including NextGen Enterprise EHR; financial solutions, such as NextGen Enterprise PM; patient engagement solutions comprising NextGen Virtual Visits; integrated clinical care and financial solutions consisting of NextGen Office; interoperability solutions that include NextGen Share and Mirth Connect; data and analytics solutions, which comprise NextGen Health Data Hub; and value based care solutions, including NextGen Population Health Solutions. It also provides managed services, such as revenue cycle management services comprising billing and collections, electronic claims submission and denials management, electronic remittance and payment posting, and accounts receivable follow-up; and client and support services. Further, the company offers professional services consisting of training, project management, installation services, and application managed services; and consulting services that include physician, professional, and technical consulting; assisting clients to optimize their staffing and software solutions; enhancing financial and clinical outcomes; achieving regulatory requirements; and meeting the requirements of healthcare reform. It serves accountable care organizations, independent physician associations, managed service organizations, veterans service organizations, dental service organizations, ambulatory care centers, and community health centers through a direct sales force and reseller channel. The company was formerly known as Quality Systems, Inc. and changed its name to NextGen Healthcare, Inc. in September 2018. NextGen Healthcare, Inc. was incorporated in 1974 and is based in Atlanta, Georgia.
