NextGen Healthcare (NXGN)

Company Profile

NextGen Healthcare, Inc. is a leading provider of ambulatory-focused technology solutions. It is empowering the transformation of ambulatory care-partnering with medical, behavioral and dental providers in their journey to value-based care to make healthcare better for everyone. It goes beyond EHR and PM. Its integrated solutions help increase clinical productivity, enrich the patient experience, and ensure healthy financial outcomes. It believes in better.

Company profile

Ticker

NXGN

Exchange

NASDAQ

Website

www.nextgen.com

CEO

John Rusty Frantz

Incorporated

Delaware

Location

California

Fiscal year end

Mar 31

Sector

Professional, Scientific, and Technical Services > Computer Systems Design Services

Industry (SIC)

Services - Computer Integrated Systems Design

Kyndryl • Leidos • CERNER • Godaddy • Open Text • Parsons • Caci International Inc. - Registered Shares • Veradigm • Unisys • Light & Wonder ...

Former names

QUALITY SYSTEMS INC, QUALITY SYSTEMS, INC

SEC CIK

0000708818

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

NextGen Healthcare Information Systems, LLC • NXGN Management LLC • NextGen Cares Foundation, Inc. • NextGen RCM Services, LLC • TSI Healthcare, LLC • NextGen Healthcare India Pvt. Ltd. • NextGen Interoperability Solutions Limited ...

IRS number

952888568

NXGN stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$20.25

Low target

$17.00

High target

$24.00

Latest filings (excl ownership)

View all

22 May 23

NextGen Healthcare Reports Fiscal 2023 Fourth Quarter and Full Year Results

16 May 23

8-K

Departure of Directors or Certain Officers

24 Jan 23

NextGen Healthcare Reports Fiscal 2023 Third Quarter Results

24 Jan 23

8-K

NextGen Healthcare Announces Agreement to Acquire TSI Healthcare

5 Dec 22

8-K

NextGen Healthcare Announces Proposed Convertible Senior Notes Offering

25 Oct 22

NextGen Healthcare Reports Fiscal 2023 Second Quarter Results

25 Oct 22

8-K

Submission of Matters to a Vote of Security Holders

18 Aug 22

Transcripts

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NXGN

Earnings call transcript

2023 Q4

16 May 23

NXGN

Earnings call transcript

2023 Q3

24 Jan 23

NXGN

Earnings call transcript

2022 Q3

26 Oct 22

NXGN

Earnings call transcript

2023 Q1

27 Jul 22

NXGN

Earnings call transcript

2022 Q4

18 May 22

NXGN

Earnings call transcript

2022 Q3

26 Jan 22

NXGN

Earnings call transcript

2022 Q2

29 Oct 21

NXGN

Earnings call transcript

2022 Q1

1 Aug 21

NXGN

Earnings call transcript

2021 Q4

27 May 21

NXGN

Earnings call transcript

2021 Q3

28 Jan 21

Latest ownership filings

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Notice of proposed sale of securities

Financial summary

Financial statements Chart NXGN financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 23	Mar 22	Mar 21	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	105.99 mm	105.99 mm	105.99 mm	105.99 mm	105.99 mm	105.99 mm
Cash burn (monthly)	47.83 mm	(no burn)	8.25 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	106.11 mm	n/a	18.31 mm	n/a	n/a	n/a
Cash remaining	-117.76 k	n/a	87.68 mm	n/a	n/a	n/a
Runway (months of cash)	-0.0	n/a	10.6	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

NXGN institutional ownership history Ownership history

76.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	208	209	-0.5%
Opened positions	30	45	-33.3%
Closed positions	31	18	+72.2%
Increased positions	63	68	-7.4%
Reduced positions	86	71	+21.1%

13F shares	Current	Prev Q	Change
Total value	849.59 bn	890.16 bn	-4.6%
Total shares	50.39 mm	52.75 mm	-4.5%
Total puts	400.00	800.00	-50.0%
Total calls	1.70 k	1.60 k	+6.3%
Total put/call ratio	0.2	0.5	-52.9%

Largest owners	Shares	Value	Change
BLK Blackrock	9.42 mm	$163.95 bn	-1.6%
Vanguard	6.27 mm	$109.22 bn	-1.8%
Dimensional Fund Advisors	2.41 mm	$42.02 bn	+6.2%
STT State Street	1.97 mm	$34.36 bn	+3.6%
Capital Research Global Investors	1.76 mm	$30.64 bn	0.0%
William Blair Investment Management	1.54 mm	$26.88 bn	+0.3%
Alyeska Investment	1.16 mm	$20.18 bn	+56.1%
325 Capital	1.14 mm	$19.93 bn	0.0%
Geode Capital Management	1.11 mm	$19.29 bn	+1.9%
Wellington Management	984.31 k	$17.14 bn	+12.9%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	0.00	-1.48 mm	EXIT
Segall Bryant & Hamill	612.91 k	+612.91 k	NEW
Brown Capital Management	345.98 k	-585.41 k	-62.9%
Alyeska Investment	1.16 mm	+416.76 k	+56.1%
Fort Washington Investment Advisors	968.32 k	+363.55 k	+60.1%
IVZ Invesco	333.57 k	-362.59 k	-52.1%
Assenagon Asset Management	530.16 k	-335.50 k	-38.8%
Phocas Financial	0.00	-307.77 k	EXIT
Acadian Asset Management	803.09 k	-303.86 k	-27.5%
Jacobs Levy Equity Management	276.90 k	-255.88 k	-48.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NXGN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jun 23	David Ahmadzai	Common Stock	Payment of exercise	Dispose F	No	No	15.59	922	14.37 k	49,318
1 Jun 23	Mitchell Waters	Common Stock	Payment of exercise	Dispose F	No	No	15.59	1,503	23.43 k	66,813
1 Feb 23	Mitchell Waters	Common Stock	Payment of exercise	Dispose F	No	No	18.78	2,153	40.43 k	68,316
3 Jan 23	Srinivas S Velamoor	Common Stock	Payment of exercise	Dispose F	No	No	18.34	17,685	324.34 k	394,602
27 Dec 22	Arnold James Robert Jr.	Common Stock	Payment of exercise	Dispose F	No	No	18.95	4,658	88.27 k	534,416
27 Dec 22	Arnold James Robert Jr.	Common Stock	Payment of exercise	Dispose F	No	No	18.95	23,462	444.60 k	539,074
27 Dec 22	Arnold James Robert Jr.	Common Stock	Option exercise	Acquire M	No	No	0	54,978	0.00	562,536
27 Dec 22	Arnold James Robert Jr.	Performance Stock Units Common Stock	Option exercise	Dispose M	No	No	0	54,978	0.00	0