120,000 Shares in athenahealth, Inc. (ATHN) Acquired by Toronto Dominion Bank
Toronto Dominion Bank acquired a new position in athenahealth, Inc. (NASDAQ:ATHN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 120,000 shares of the health services provider’s stock, valued at approximately $16,863,000. Toronto Dominion Bank owned about 0.30% of athenahealth at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in athenahealth by 0.8% in the 2nd quarter. FMR LLC now owns 5,975,119 shares of the health services provider’s stock worth $839,803,000 after buying an additional 47,341 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in athenahealth in the 2nd quarter worth about $713,856,000. Vanguard Group Inc. boosted its holdings in athenahealth by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,100,643 shares of the health services provider’s stock worth $435,795,000 after buying an additional 53,361 shares during the last quarter. Capital Research Global Investors boosted its holdings in athenahealth by 15.5% in the 2nd quarter. Capital Research Global Investors now owns 2,041,714 shares of the health services provider’s stock worth $286,963,000 after buying an additional 273,660 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in athenahealth by 2.0% in the 2nd quarter. BlackRock Inc. now owns 1,631,993 shares of the health services provider’s stock worth $229,377,000 after buying an additional 32,146 shares during the last quarter.
In other athenahealth news, SVP Jonathan D. Porter sold 422 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $154.00, for a total transaction of $64,988.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel P. Haley sold 1,583 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $124.56, for a total transaction of $197,178.48. Following the transaction, the insider now directly owns 13,408 shares in the company, valued at approximately $1,670,100.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,505 shares of company stock worth $2,240,851. 3.20% of the stock is currently owned by insiders.
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Several equities research analysts recently issued reports on ATHN shares. ValuEngine upgraded athenahealth from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Evercore ISI reiterated an “outperform” rating and issued a $163.00 price objective (up from $155.00) on shares of athenahealth in a report on Saturday, July 22nd. Cowen and Company cut athenahealth from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $127.00 to $133.00 in a report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $135.00 price objective on shares of athenahealth in a report on Monday, June 26th. Finally, KeyCorp reiterated a “buy” rating and issued a $170.00 price objective on shares of athenahealth in a report on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. athenahealth has an average rating of “Hold” and a consensus target price of $149.48.
Shares of athenahealth, Inc. (ATHN) traded down 4.60% during mid-day trading on Friday, reaching $115.42. The company’s stock had a trading volume of 1,823,004 shares. athenahealth, Inc. has a 1-year low of $90.11 and a 1-year high of $158.66. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 146.47 and a beta of 1.76. The firm’s 50 day moving average price is $127.86 and its 200-day moving average price is $130.20.
athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.12. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. athenahealth’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts predict that athenahealth, Inc. will post $1.91 EPS for the current year.
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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