Prudential Financial Inc. Has $231,000 Position in athenahealth, Inc. (ATHN)
Prudential Financial Inc. continued to hold its stake in shares of athenahealth, Inc. (NASDAQ:ATHN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,046 shares of the health services provider’s stock at the end of the first quarter. Prudential Financial Inc.’s holdings in athenahealth were worth $231,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of ATHN. Russell Investments Group Ltd. bought a new stake in shares of athenahealth during the fourth quarter worth about $118,000. Teza Capital Management LLC bought a new stake in shares of athenahealth during the first quarter worth about $220,000. Comerica Bank bought a new stake in shares of athenahealth during the fourth quarter worth about $299,000. Arxis Securities LLC bought a new stake in shares of athenahealth during the first quarter worth about $304,000. Finally, GSA Capital Partners LLP bought a new stake in shares of athenahealth during the fourth quarter worth about $307,000.
Shares of athenahealth, Inc. (NASDAQ:ATHN) opened at 143.80 on Friday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 283.07 and a beta of 1.79. athenahealth, Inc. has a 52 week low of $90.11 and a 52 week high of $149.55. The stock’s 50 day moving average price is $141.51 and its 200-day moving average price is $122.62.
athenahealth (NASDAQ:ATHN) last issued its earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. athenahealth had a return on equity of 5.93% and a net margin of 1.84%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $298.68 million. During the same quarter last year, the company earned $0.34 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Equities analysts anticipate that athenahealth, Inc. will post $1.86 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on ATHN shares. Cantor Fitzgerald reissued a “buy” rating and set a $118.00 target price (down from $135.00) on shares of athenahealth in a research note on Thursday, April 27th. UBS AG set a $123.00 price objective on athenahealth and gave the company a “buy” rating in a report on Monday, May 1st. Citigroup Inc. set a $128.00 price objective on athenahealth and gave the company a “buy” rating in a report on Monday, May 1st. Robert W. Baird set a $140.00 price objective on athenahealth and gave the company a “buy” rating in a report on Thursday, May 18th. Finally, Dougherty & Co lifted their price objective on athenahealth from $123.00 to $148.00 and gave the company a “buy” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. athenahealth presently has a consensus rating of “Hold” and a consensus price target of $141.00.
In other news, CEO Jonathan Bush sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $120.00, for a total transaction of $960,000.00. Following the sale, the chief executive officer now owns 319,807 shares of the company’s stock, valued at approximately $38,376,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan D. Porter sold 300 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $109.48, for a total value of $32,844.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,683 shares of company stock worth $3,329,871 in the last three months. Corporate insiders own 3.20% of the company’s stock.
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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