Bank of New York Mellon Corp decreased its stake in shares of athenahealth, Inc (NASDAQ:ATHN) by 12.0% in the second quarter, Holdings Channel reports. The institutional investor owned 283,615 shares of the health services provider’s stock after selling 38,516 shares during the quarter. Bank of New York Mellon Corp’s holdings in athenahealth were worth $45,134,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Integrated Investment Consultants LLC bought a new stake in shares of athenahealth in the 2nd quarter worth $150,000. Ropes Wealth Advisors LLC bought a new stake in shares of athenahealth in the 2nd quarter worth $194,000. Strs Ohio bought a new stake in shares of athenahealth in the 2nd quarter worth $208,000. D.A. Davidson & CO. bought a new stake in shares of athenahealth in the 2nd quarter worth $223,000. Finally, CIBC Asset Management Inc bought a new stake in shares of athenahealth in the 2nd quarter worth $229,000.

In other athenahealth news, insider Daniel P. Haley sold 2,204 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $127.23, for a total transaction of $280,414.92. Following the completion of the sale, the insider now owns 10,555 shares of the company’s stock, valued at $1,342,912.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,654 shares of company stock valued at $340,770 in the last three months. 2.90% of the stock is currently owned by corporate insiders.

NASDAQ:ATHN opened at $131.61 on Tuesday. athenahealth, Inc has a 52-week low of $116.77 and a 52-week high of $163.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 83.83, a P/E/G ratio of 2.38 and a beta of 0.80.

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

ATHN has been the subject of several research analyst reports. SunTrust Banks cut their price objective on athenahealth to $150.00 in a report on Wednesday, September 19th. Leerink Swann set a $140.00 price objective on athenahealth and gave the stock a “buy” rating in a report on Friday, September 28th. MED cut their price objective on athenahealth to $140.00 and set a “hold” rating for the company in a report on Wednesday, September 19th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $145.00 price objective on shares of athenahealth in a report on Tuesday, September 18th. Finally, Cowen reaffirmed a “hold” rating and issued a $150.00 price objective on shares of athenahealth in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $149.05.

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athenahealth Profile

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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Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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