Investors sold shares of athenahealth, Inc (NASDAQ:ATHN) on strength during trading hours on Monday. $35.41 million flowed into the stock on the tick-up and $59.98 million flowed out of the stock on the tick-down, for a money net flow of $24.57 million out of the stock. Of all stocks tracked, athenahealth had the 25th highest net out-flow for the day. athenahealth traded up $0.20 for the day and closed at $131.61

A number of analysts recently weighed in on the stock. Canaccord Genuity cut their target price on shares of athenahealth from $160.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, November 13th. Citigroup cut their target price on shares of athenahealth from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 13th. SunTrust Banks lowered shares of athenahealth from a “buy” rating to a “hold” rating and cut their target price for the stock from $150.00 to $135.00 in a research note on Tuesday, November 13th. Piper Jaffray Companies lowered shares of athenahealth from an “overweight” rating to a “neutral” rating in a research note on Monday, November 12th. Finally, Evercore ISI lowered shares of athenahealth to an “outperform” rating in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $149.05.

The company has a market cap of $5.34 billion, a P/E ratio of 83.83, a P/E/G ratio of 2.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.74 and a current ratio of 2.74.

athenahealth (NASDAQ:ATHN) last announced its quarterly earnings results on Friday, November 9th. The health services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The company had revenue of $331.40 million for the quarter, compared to analyst estimates of $336.98 million. athenahealth had a net margin of 9.57% and a return on equity of 15.35%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, analysts expect that athenahealth, Inc will post 3.21 EPS for the current fiscal year.

In other athenahealth news, insider Daniel P. Haley sold 2,204 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $127.23, for a total value of $280,414.92. Following the transaction, the insider now directly owns 10,555 shares in the company, valued at $1,342,912.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 2,654 shares of company stock worth $340,770 over the last quarter. 2.90% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd boosted its holdings in shares of athenahealth by 1,195.2% in the third quarter. Point72 Hong Kong Ltd now owns 816 shares of the health services provider’s stock valued at $109,000 after acquiring an additional 753 shares during the period. Integrated Investment Consultants LLC acquired a new stake in shares of athenahealth in the second quarter valued at approximately $150,000. Ropes Wealth Advisors LLC acquired a new stake in shares of athenahealth in the second quarter valued at approximately $194,000. Strs Ohio acquired a new stake in shares of athenahealth in the second quarter valued at approximately $208,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of athenahealth in the second quarter valued at approximately $223,000.

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athenahealth Company Profile (NASDAQ:ATHN)

athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.

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