ExodusPoint Capital Management LP decreased its position in NextGen Healthcare, Inc. (NASDAQ:NXGN – Get Rating) by 69.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 41,147 shares of the company's stock after selling 91,963 shares during the period. ExodusPoint Capital Management LP owned about 0.06% of NextGen Healthcare worth $728,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC raised its holdings in shares of NextGen Healthcare by 72.0% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 114,039 shares of the company's stock valued at $2,018,000 after purchasing an additional 47,750 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in NextGen Healthcare by 2,500.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 65,508 shares of the company's stock valued at $1,159,000 after buying an additional 62,989 shares during the last quarter. UBS Group AG lifted its position in NextGen Healthcare by 211.1% during the 3rd quarter. UBS Group AG now owns 6,639 shares of the company's stock worth $118,000 after buying an additional 4,505 shares in the last quarter. Dean Investment Associates LLC lifted its position in NextGen Healthcare by 64.2% during the 3rd quarter. Dean Investment Associates LLC now owns 48,413 shares of the company's stock worth $857,000 after buying an additional 18,936 shares in the last quarter. Finally, Clifford Capital Partners LLC boosted its stake in shares of NextGen Healthcare by 1.6% during the 3rd quarter. Clifford Capital Partners LLC now owns 33,757 shares of the company's stock worth $597,000 after buying an additional 533 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.
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NextGen Healthcare Stock Performance
Shares of NXGN opened at $18.17 on Monday. The company has a market cap of $1.20 billion, a PE ratio of 51.92 and a beta of 1.03. The firm has a 50-day moving average of $18.47 and a 200-day moving average of $18.48. NextGen Healthcare, Inc. has a one year low of $16.13 and a one year high of $21.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.53 and a quick ratio of 2.53.
Insider Activity at NextGen Healthcare
In other NextGen Healthcare news, CTO David A. Metcalfe sold 32,372 shares of the business's stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $20.58, for a total transaction of $666,215.76. Following the transaction, the chief technology officer now owns 161,179 shares of the company's stock, valued at $3,317,063.82. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.50% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Separately, StockNews.com cut NextGen Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $22.75.
About NextGen Healthcare
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NextGen Healthcare, Inc provides software and services that empower ambulatory healthcare practices to manage the risk and complexity of delivering care in the rapidly evolving U.S. healthcare system. Its portfolio includes tightly integrated solutions that deliver on ambulatory healthcare imperatives including population health, care management, patient outreach, telemedicine, and nationwide clinical information exchange.
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