Quality Systems Inc Stock Research

Market Summary

USD16.19+0.60

Delayed

3.85%

NXGN Alerts

Big fall in earnings (Y/Y)
Losses in recent quarter

NXGN Stock Price

NXGN RSI Chart

NXGN Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

-402.77

Price/Sales (Trailing)

1.64

EV/EBITDA

61.37

Price/Free Cashflow

25.83

NXGN Price/Sales (Trailing)

NXGN Profitability

EBT Margin

5.01%

Return on Equity

5.49%

Return on Assets

2.63%

Free Cashflow Yield

3.87%

NXGN Fundamentals

NXGN Revenue

Revenue (TTM)

653.2M

Revenue Y/Y

18.04%

Revenue Q/Q

10.3%

NXGN Earnings

Earnings (TTM)

-2.7M

Earnings Y/Y

-7.4K%

Earnings Q/Q

-422.97%

Price Action

52 Week Range

15.2321.99

(Low)(High)

Last 7 days

5.5%

Last 30 days

-3.3%

Last 90 days

-10.8%

Trailing 12 Months

-12.4%

NXGN Financial Health

Current Ratio

2.53

NXGN Investor Care

Buy Backs (1Y)

1.56%

Diluted EPS (TTM)

-0.04

Peers (Alternatives to Quality Systems)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	465.6B	335.9B	2.07%	2.85%	22.49	1.39	12.90%	18.65%
VEEV	26.0B	2.2B	9.53%	1.27%	53.24	12.05	16.44%	14.11%
MID-CAP
CHNG	9.0B	-	11.88%	31.28%	-116.8	2.57	-	-
TDOC	4.0B	2.5B	-4.82%	-32.06%	-0.57	1.62	15.22%	-2.18%
OMCL	3.3B	1.3B	10.52%	-32.89%	586.12	2.55	14.48%	-92.74%
SMALL-CAP
PHR	1.6B	301.4M	4.48%	71.84%	-9.15	5.74	32.02%	-2.53%
MDRX	1.4B	837.2M	3.80%	-28.90%	22.47	1.63	3.88%	-92.18%
NXGN	1.1B	653.2M	-3.34%	-12.39%	-402.77	1.64	9.53%	-264.03%
CCRN	955.8M	2.6B	25.75%	48.21%	6.13	0.36	23.61%	-10.67%
SLP	946.1M	54.4M	16.63%	-4.04%	90.39	17.39	9.18%	-9.20%
HSTM	737.2M	270.4M	-0.66%	15.92%	62.37	2.73	4.56%	83.36%
HCAT	670.1M	282.0M	-4.46%	-21.52%	-4.52	2.38	10.96%	-0.57%
CPSI	376.9M	335.0M	-2.13%	-23.42%	34.77	1.12	15.32%	-51.61%

Financials for Quality Systems

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	4.4%	653	626	614	604	596
Gross Profit	3.0%	311	302	301	301	301
Operating Expenses	12.8%	315	279	280	297	294
S&GA Expenses	17.5%	223	190	191	210	210
R&D Expenses	0.7%	82.00	82.00	81.00	79.00	77.00
EBITDA	6.9%	40.00	38.00	10.00	14.00	-
EBITDA Margin	4.8%	0.06*	0.06*	0.02*	0.02*	-
Earnings Before Taxes	-86.3%	4.00	31.00	30.00	3.00	5.00
EBT Margin	1.6%	0.05*	0.05*	0.00*	0.01*	-
Interest Expenses	83.3%	6.00	3.00	2.00	2.00	1.00
Net Income	-111.6%	-2.65	23.00	20.00	-0.08	2.00
Net Income Margin	10.7%	0.04*	0.03*	0.00*	0.00*	-
Free Cahsflow	-22.1%	50.00	65.00	47.00	51.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	2.9%	896	871	627	608	628
Current Assets	3.1%	402	390	218	193	212
Cash Equivalents	-56.1%	106	242	71.00	40.00	60.00
Net PPE	-11.2%	6.00	7.00	7.00	8.00	9.00
Goodwill	0.1%	322	321	267	267	267
Liabilities	9.4%	496	453	185	179	205
Current Liabilities	28.5%	198	154	169	158	181
Shareholder's Equity	-4.1%	400	418	442	429	423
Retained Earnings	-16.5%	128	153	145	131	130
Additional Paid-In Capital	2.1%	359	352	344	337	330
Accumulated Depreciation	-4.3%	61.00	63.00	68.00	68.00	69.00
Shares Outstanding	0.0%	66.00	66.00	68.00	68.00	67.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-17.4%	44.00	53.00	67.00	49.00	54.00
Share Based Compensation	-2.7%	33.00	34.00	32.00	29.00	27.00
Cashflow From Investing	-195.6%	-216	-73.37	-23.27	-30.99	-28.08
Cashflow From Financing	-1.5%	213	216	-46.63	-39.10	-37.29
Buy Backs	0%	50.00	50.00	13.00	5.00	36.00

Risks for NXGN

What is the probability of a big loss on NXGN?

93.5%

Probability that Quality Systems stock will be more than 20% underwater in next one year

49.6%

Probability that Quality Systems stock will be more than 30% underwater in next one year.

19.6%

Probability that Quality Systems stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NXGN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Quality Systems was unfortunately bought at previous high price.

Drawdowns

Returns for NXGN

Cumulative Returns on NXGN

0.0%

10-Year Cumulative Returns

3.6%

7-Year Cumulative Returns

-1.2%

5-Year Cumulative Returns

15.6%

3-Year Cumulative Returns

What are the long-term rolling returns for NXGN?

FIve years rolling returns for Quality Systems.

Annualized Returns

Which funds bought or sold NXGN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-25	Legato Capital Management LLC	reduced	-0.06	-41,498	523,048	0.10%
2023-05-23	Brookfield Corp /ON/	reduced	-47.98	-1,849,290	1,722,230	0.01%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-4.09	-116,753	936,449	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-5.23	-869,967	6,291,030	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-33.84	-3,048,860	4,838,140	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-67.24	-3,343,000	1,458,000	-%
2023-05-17	Advisory Services Network, LLC	unchanged	-	-190	2,411	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-5.65	-132,000	923,000	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	reduced	-31.81	-235,386	615,984	0.01%
2023-05-16	HOLLENCREST CAPITAL MANAGEMENT	unchanged	-	-19.00	244	-%

Latest Funds Activity

Are funds buying NXGN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own NXGN

No. of Funds

Quality Systems News

The Atlanta Journal Constitution

Atlanta-based NextGen sued for healthcare data breach of 1M ....

The Atlanta Journal Constitution,

25 days ago

GlobeNewswire

Dental Practice Management Software Market Size on Target to ....

GlobeNewswire,

39 days ago

Orange County Business Journal

NextGen Founder Shelly Razin Dies.

Orange County Business Journal,

4 months ago

Orange County Business Journal

Planet DDS Buys NextGen Dental Unit for $12M.

Orange County Business Journal,

9 months ago

Orange County Business Journal

Jamie Arnold: A Lifetime of Collaboration.

Orange County Business Journal,

12 months ago

Investor's Business Daily

Sell Rules For Growth Stocks: Watch For A Big Break Of An Uptrend ....

Investor's Business Daily,

3 years ago

Business Wire

Quality Systems, Inc. Changes Name to NextGen Healthcare, Inc..

Business Wire,

4 years ago

Seeking Alpha

Quality Systems: A Good Value In Healthcare IT (NASDAQ:NXGN).

Seeking Alpha,

9 years ago

The Motley Fool

The "Duck Dynasty" Investment Strategy.

The Motley Fool,

10 years ago

The Motley Fool

The Top 10 Depression Stocks.

The Motley Fool,

13 years ago

The Motley Fool

Charlie Munger on How to Become Rich.

The Motley Fool,

13 years ago

Schedule 13G FIlings of Quality Systems

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.45%	6,389,869	SC 13G/A
Jan 27, 2023	blackrock inc.	14.3%	9,663,011	SC 13G/A
Jan 23, 2023	blackrock inc.	14.4%	9,760,374	SC 13G/A
Feb 10, 2022	vanguard group inc	9.50%	6,495,700	SC 13G/A
Jan 27, 2022	blackrock inc.	14.5%	9,930,776	SC 13G/A
Jan 25, 2022	blackrock inc.	14.5%	9,930,776	SC 13G/A
Jan 10, 2022	brown capital management llc	2.19%	1,495,268	SC 13G/A
Nov 10, 2021	brown capital management llc	7.50%	5,129,916	SC 13G/A
Oct 14, 2021	razin sheldon	15.2%	10,200,327	SC 13D/A
Sep 16, 2021	razin sheldon	15.2%	10,200,327	SC 13D/A

NXGN Fair Value

Show Fair-Value

Recent SEC filings of Quality Systems

View All Filings

Date Filed	Form Type	Document
Jun 02, 2023	4	Insider Trading
Jun 02, 2023	4	Insider Trading
Jun 01, 2023	144	Notice of Insider Sale Intent
May 23, 2023	10-K	Annual Report
May 16, 2023	8-K	Current Report

Latest Insider Trading transactions for NXGN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-01	Waters Mitchell	sold (taxes)	-40,433	18.78	-2,153	evp, commercial growth
2023-01-03	Velamoor Srinivas S	sold (taxes)	-324,343	18.34	-17,685	chief growth & strategy office
2022-12-27	LINTON JEFFREY D	acquired	-	-	25,525	evp, general counsel/secretary
2022-12-27	LINTON JEFFREY D	sold (taxes)	-292,020	18.95	-15,410	evp, general counsel/secretary
2022-12-27	Greene Donna Cullen	acquired	-	-	15,054	evp, human resources
2022-12-27	Metcalfe David A	sold (taxes)	-477,294	18.95	-25,187	chief technology officer
2022-12-27	Greene Donna Cullen	sold (taxes)	-156,792	18.95	-8,274	evp, human resources
2022-12-27	Arnold James Robert Jr.	sold (taxes)	-532,874	18.95	-28,120	chief financial officer
2022-12-27	Arnold James Robert Jr.	acquired	-	-	54,978	chief financial officer
2022-12-27	Metcalfe David A	acquired	-	-	42,215	chief technology officer

About Quality Systems

NXGN Income Statement

2023-03-31

Consolidated Statements of Net Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Total revenues	$ 653,172	$ 596,350	$ 556,821
Cost of revenue:
Amortization of capitalized software costs and acquired intangible assets	27,941	31,889	36,768
Total cost of revenue	342,013	295,404	275,424
Gross profit	311,159	300,946	281,397
Operating expenses:
Selling, general and administrative	223,424	209,661	180,529
Research and development costs, net	82,300	76,657	75,501
Amortization of acquired intangible assets	3,665	3,525	4,449
Impairment of assets	3,163	3,906	5,539
Restructuring costs	2,473	539	2,562
Total operating expenses	315,025	294,288	268,580
Income (loss) from operations	(3,866)	6,658	12,817
Interest income	3,541	101	38
Interest expense	(6,298)	(1,499)	(3,516)
Other income (expense), net	10,927	(64)	(64)
Income before provision for (benefit of) income taxes	4,304	5,196	9,275
Provision for (benefit of) income taxes	6,958	3,578	(240)
Net income (loss)	(2,654)	1,618	9,515
Other comprehensive income:
Foreign currency translation, net of tax	405	15	219
Unrealized gain on marketable securities, net of tax	42
Comprehensive income	$ (2,207)	$ 1,633	$ 9,734
Net income (loss) per share:
Basic	$ (0.04)	$ 0.02	$ 0.14
Diluted	$ (0.04)	$ 0.02	$ 0.14
Weighted-average shares outstanding:
Basic	67,005	67,370	66,739
Diluted	67,005	67,788	66,885
Recurring
Revenues:
Total revenues	$ 593,918	$ 539,713	$ 502,819
Cost of revenue:
Cost of revenue excluding amortization of capitalized software costs and acquired intangible assets	269,191	232,481	212,199
Software, hardware, and other non-recurring
Revenues:
Total revenues	59,254	56,637	54,002
Cost of revenue:
Cost of revenue excluding amortization of capitalized software costs and acquired intangible assets	$ 44,881	$ 31,034	$ 26,457

NXGN Balance Sheet

2023-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 98,719	$ 59,829
Restricted cash and cash equivalents	7,269	6,918
Marketable securities	139,612
Accounts receivable, net	88,498	76,057
Contract assets	19,561	25,157
Income taxes receivable	5,248	6,507
Prepaid expenses and other current assets	42,916	37,102
Total current assets	401,823	211,570
Equipment and improvements, net	6,421	9,120
Capitalized software costs, net	54,516	43,958
Operating lease assets	3,335	11,316
Deferred income taxes, net	29,472	19,259
Contract assets, net of current	5,572	1,910
Intangibles, net	28,968	24,303
Goodwill	321,756	267,212
Other assets	44,238	39,026
Total assets	896,101	627,674
Current liabilities:
Accounts payable	12,022	9,125
Contract liabilities	61,601	61,280
Accrued compensation and related benefits	36,241	48,736
Income taxes payable	622	99
Operating lease liabilities	3,826	8,089
Other current liabilities	83,799	53,533
Total current liabilities	198,111	180,862
Contract liabilities, net of current	10,310
Deferred compensation	8,033	7,230
Convertible senior notes, net, noncurrent	266,843
Operating lease liabilities, net of current	4,095	11,934
Other noncurrent liabilities	8,274	4,570
Total liabilities	495,666	204,596
Commitments and contingencies (Note 17)
Shareholders' equity:
Common stock, $0.01 par value; authorized 100,000 shares; 70,875 shares and 69,245 shares issued at March 31, 2023 and March 31, 2022, respectively; 66,026 shares and 67,075 shares outstanding at March 31, 2023 and March 31, 2022, respectively	709	692
Treasury stock, at cost, 4,849 shares and 2,170 shares at March 31, 2023 and March 31, 2022, respectively	(85,752)	(35,874)
Additional paid-in capital	359,342	329,917
Accumulated other comprehensive loss	(1,462)	(1,909)
Retained earnings	127,598	130,252
Total shareholders' equity	400,435	423,078
Total liabilities and shareholders' equity	$ 896,101	$ 627,674