SunTrust Banks cut shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The analysts noted that the move was a valuation call.

MDRX has been the subject of a number of other research reports. Maxim Group restated a buy rating and issued a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a buy rating to a hold rating in a research note on Wednesday, November 8th. Robert W. Baird increased their price objective on shares of Allscripts Healthcare Solutions from $16.00 to $17.00 and gave the company an outperform rating in a research note on Friday, November 3rd. Cantor Fitzgerald restated a buy rating and issued a $17.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Monday, January 8th. Finally, BidaskClub upgraded shares of Allscripts Healthcare Solutions from a hold rating to a buy rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $15.66.

Shares of Allscripts Healthcare Solutions (NASDAQ MDRX) traded up $0.15 during mid-day trading on Tuesday, hitting $15.24. 1,450,735 shares of the stock were exchanged, compared to its average volume of 1,861,746. Allscripts Healthcare Solutions has a 52 week low of $11.01 and a 52 week high of $16.13. The firm has a market cap of $2,750.00, a PE ratio of -13.14, a price-to-earnings-growth ratio of 2.16 and a beta of 1.32. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Allscripts Healthcare Solutions had a negative net margin of 12.23% and a positive return on equity of 6.53%. research analysts forecast that Allscripts Healthcare Solutions will post 0.46 EPS for the current year.

In other news, EVP Brian Farley sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $14.35, for a total value of $71,750.00. Following the sale, the executive vice president now owns 191,607 shares of the company’s stock, valued at approximately $2,749,560.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Richard J. Poulton sold 15,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $14.26, for a total transaction of $213,900.00. Following the completion of the sale, the president now directly owns 1,351,773 shares in the company, valued at approximately $19,276,282.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,796 shares of company stock worth $804,842. 0.75% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of MDRX. Prudential Financial Inc. grew its holdings in Allscripts Healthcare Solutions by 9.3% during the 2nd quarter. Prudential Financial Inc. now owns 122,355 shares of the software maker’s stock worth $1,561,000 after acquiring an additional 10,438 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Allscripts Healthcare Solutions by 4.5% during the 2nd quarter. Principal Financial Group Inc. now owns 771,481 shares of the software maker’s stock worth $9,844,000 after acquiring an additional 33,059 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Allscripts Healthcare Solutions by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,484 shares of the software maker’s stock worth $338,000 after acquiring an additional 115 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Allscripts Healthcare Solutions by 116.9% during the 2nd quarter. Alliancebernstein L.P. now owns 291,954 shares of the software maker’s stock worth $3,725,000 after acquiring an additional 157,340 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in Allscripts Healthcare Solutions by 74.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 15,484 shares of the software maker’s stock worth $198,000 after acquiring an additional 6,584 shares during the last quarter.

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About Allscripts Healthcare Solutions

Allscripts Healthcare Solutions, Inc (Allscripts) delivers information technology (IT) solutions and services to help healthcare organizations. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Netsmart. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions.

Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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