Allscripts Healthcare Solutions Inc. (MDRX) Shares Gap Up to $12.68
Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) shares 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.
MDRX has been the topic of a number of research reports. Leerink Swann upgraded Allscripts Healthcare Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $16.00 to $17.00 in a research report on Tuesday. FBR & Co reiterated a “hold” rating on shares of Allscripts Healthcare Solutions in a research report on Wednesday, June 29th. KeyCorp reiterated a “hold” rating on shares of Allscripts Healthcare Solutions in a research report on Sunday, May 22nd. Citigroup Inc. increased their price target on Allscripts Healthcare Solutions from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, May 13th. Finally, Zacks Investment Research upgraded Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $16.31.
The firm has a market capitalization of $2.41 billion and a price-to-earnings ratio of 806.87. The company has a 50 day moving average of $13.69 and a 200 day moving average of $13.19.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, August 4th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business earned $386.50 million during the quarter, compared to analyst estimates of $403.13 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities analysts expect that Allscripts Healthcare Solutions Inc. will post $0.59 EPS for the current year.
In other news, CEO Paul Black sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $13.04, for a total value of $195,600.00. Following the transaction, the chief executive officer now directly owns 1,197,329 shares of the company’s stock, valued at approximately $15,613,170.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James Hewitt sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $13.00, for a total value of $227,500.00. Following the completion of the transaction, the senior vice president now directly owns 175,604 shares in the company, valued at $2,282,852. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Allscripts Healthcare Solutions stock. Airain ltd increased its stake in Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) by 440.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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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