Allscripts Healthcare Solutions Inc. (MDRX) Shares Gap Up to $12.68
Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $12.38, but opened at $12.68. Allscripts Healthcare Solutions shares last traded at $13.01, with a volume of 1,968,701 shares trading hands.
Several research firms have commented on MDRX. Robert W. Baird reiterated a “buy” rating on shares of Allscripts Healthcare Solutions in a research report on Sunday, May 8th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $15.00 price objective (up previously from $12.00) on shares of Allscripts Healthcare Solutions in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Allscripts Healthcare Solutions in a research report on Sunday, May 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $18.00 price objective on shares of Allscripts Healthcare Solutions in a research report on Friday, May 6th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $16.31.
The firm has a market cap of $2.41 billion and a price-to-earnings ratio of 806.25. The company’s 50-day moving average price is $13.68 and its 200-day moving average price is $13.19.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. During the same period last year, the firm earned $0.12 EPS. The business had revenue of $386.50 million for the quarter, compared to analyst estimates of $403.13 million. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect that Allscripts Healthcare Solutions Inc. will post $0.59 earnings per share for the current fiscal year.
In other news, President Richard J. Poulton sold 10,000 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $13.03, for a total transaction of $130,300.00. Following the transaction, the president now owns 343,813 shares of the company’s stock, valued at approximately $4,479,883.39. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Dennis Olis sold 7,000 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $14.00, for a total transaction of $98,000.00. Following the transaction, the senior vice president now directly owns 210,887 shares in the company, valued at approximately $2,952,418. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Allscripts Healthcare Solutions stock. Airain ltd boosted its stake in shares of Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) by 440.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 161,462 shares of the company’s stock after buying an additional 131,572 shares during the period. Airain ltd owned about 0.09% of Allscripts Healthcare Solutions worth $2,483,000 as of its most recent filing with the SEC.
Allscripts Healthcare Solutions, Inc delivers information technology (IT) and services to help healthcare organizations in clinical, financial and operational results. The Company operates through two segments: Clinical and Financial Solutions, and Population Health. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions, which primarily include electronic health record (EHR)-related software, financial and practice management software, related installation, support and maintenance, outsourcing, hosting, revenue cycle management, training and electronic claims administration services.
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