Nextgen Healthcare (NASDAQ:NXGN) had its target price decreased by KeyCorp from $17.00 to $16.00 in a research report sent to investors on Wednesday. KeyCorp currently has an underweight rating on the stock. KeyCorp also issued estimates for Nextgen Healthcare’s Q3 2019 earnings at $0.10 EPS.
Separately, Cantor Fitzgerald reduced their target price on shares of Nextgen Healthcare from $26.00 to $23.00 and set an overweight rating for the company in a report on Wednesday.
NASDAQ:NXGN traded up $0.02 during trading hours on Wednesday, reaching $15.09. 379,329 shares of the company’s stock were exchanged, compared to its average volume of 323,131. The stock has a market capitalization of $948.48 million, a price-to-earnings ratio of 26.47, a PEG ratio of 2.79 and a beta of 0.93. Nextgen Healthcare has a 12 month low of $12.24 and a 12 month high of $23.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 1.33.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in Nextgen Healthcare during the third quarter worth approximately $165,000. Hanson & Doremus Investment Management bought a new stake in Nextgen Healthcare during the third quarter worth approximately $208,000. Public Employees Retirement Association of Colorado bought a new stake in Nextgen Healthcare during the third quarter worth approximately $239,000. NJ State Employees Deferred Compensation Plan bought a new stake in Nextgen Healthcare during the third quarter worth approximately $402,000. Finally, Louisiana State Employees Retirement System bought a new stake in Nextgen Healthcare during the third quarter worth approximately $420,000. Hedge funds and other institutional investors own 69.18% of the company’s stock.
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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