Oregon Public Employees Retirement Fund grew its position in NextGen Healthcare, Inc. (NASDAQ:NXGN) by 4.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,934 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NextGen Healthcare were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. American International Group Inc. increased its position in shares of NextGen Healthcare by 3.5% in the second quarter. American International Group Inc. now owns 38,316 shares of the company’s stock valued at $421,000 after buying an additional 1,303 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of NextGen Healthcare by 19.7% in the third quarter. Meeder Asset Management Inc. now owns 10,581 shares of the company’s stock worth $135,000 after acquiring an additional 1,738 shares during the last quarter. Diversified Trust Co boosted its stake in shares of NextGen Healthcare by 16.7% in the third quarter. Diversified Trust Co now owns 12,427 shares of the company’s stock worth $158,000 after acquiring an additional 1,778 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NextGen Healthcare by 0.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 499,118 shares of the company’s stock worth $5,481,000 after acquiring an additional 2,283 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of NextGen Healthcare in the third quarter worth approximately $34,000. 74.61% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on NXGN. Deutsche Bank Aktiengesellschaft lifted their price target on NextGen Healthcare from $9.00 to $13.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley lifted their price target on NextGen Healthcare from $12.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday, October 26th. Wells Fargo & Company reaffirmed a “hold” rating on shares of NextGen Healthcare in a research note on Friday, July 31st. SVB Leerink boosted their price objective on NextGen Healthcare from $12.00 to $14.00 and gave the stock a “market perform” rating in a research note on Friday, October 23rd. Finally, Piper Sandler lowered their price objective on NextGen Healthcare from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $13.13.

Shares of NextGen Healthcare stock opened at $16.26 on Friday. NextGen Healthcare, Inc. has a 52 week low of $5.10 and a 52 week high of $18.49. The business’s fifty day simple moving average is $14.27 and its 200-day simple moving average is $12.43. The firm has a market cap of $1.09 billion, a PE ratio of 101.63, a price-to-earnings-growth ratio of 5.47 and a beta of 1.05. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.15.

NextGen Healthcare (NASDAQ:NXGN) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.10. The business had revenue of $140.00 million for the quarter, compared to analyst estimates of $133.04 million. NextGen Healthcare had a return on equity of 11.28% and a net margin of 1.80%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, equities analysts expect that NextGen Healthcare, Inc. will post 0.66 earnings per share for the current year.

NextGen Healthcare Profile

NextGen Healthcare, Inc provides ambulatory-focused healthcare software and services solutions in the United States. The company offers NextGen Enterprise electronic health record (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.

Further Reading: Momentum Indicators

Want to see what other hedge funds are holding NXGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextGen Healthcare, Inc. (NASDAQ:NXGN).

Institutional Ownership by Quarter for NextGen Healthcare (NASDAQ:NXGN)

Receive News & Ratings for NextGen Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextGen Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.