Allscripts Healthcare Solutions Inc. (MDRX) Shares Up 2%
Shares of Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) shot up 2% during trading on Wednesday . The stock traded as high as $13.22 and last traded at $13.16, with a volume of 1,022,722 shares trading hands. The stock had previously closed at $12.90.
Several research firms have commented on MDRX. Robert W. Baird restated a “buy” rating on shares of Allscripts Healthcare Solutions in a report on Saturday, July 9th. Zacks Investment Research upgraded Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, August 9th. Citigroup Inc. lifted their price target on Allscripts Healthcare Solutions from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, May 13th. Piper Jaffray Cos. restated a “neutral” rating and issued a $15.00 price target (up previously from $12.00) on shares of Allscripts Healthcare Solutions in a report on Monday, August 8th. Finally, Deutsche Bank AG lifted their price target on Allscripts Healthcare Solutions from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Allscripts Healthcare Solutions 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 P/E ratio of 807.812. The stock’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 quarterly earnings data 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 in the prior year, the company posted $0.12 earnings per share. The business earned $386.50 million during the quarter, compared to analysts’ expectations of $403.13 million. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Allscripts Healthcare Solutions Inc. will post $0.59 earnings per share for the current year.
In other news, SVP Dennis Olis sold 7,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $14.00, for a total transaction of $98,000.00. Following the completion of the sale, the senior vice president now directly owns 210,887 shares of the company’s stock, valued at approximately $2,952,418. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Richard J. Poulton sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $13.03, for a total value of $130,300.00. Following the sale, the president now directly owns 343,813 shares of the company’s stock, valued at $4,479,883.39. 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 position in Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) by 440.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,462 shares of the company’s stock after buying an additional 131,572 shares during the period. Airain ltd owned 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.