Allscripts Healthcare Solutions (NASDAQ:MDRX – Get Rating) was downgraded by analysts at TheStreet from a “b” rating to a “c” rating in a research note issued on Friday, TheStreetRatingsTable reports.
Other equities research analysts have also recently issued research reports about the stock. SVB Leerink lifted their price target on shares of Allscripts Healthcare Solutions from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 3rd. StockNews.com cut shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $26.00 in a report on Friday, March 4th. Piper Sandler decreased their price objective on shares of Allscripts Healthcare Solutions from $22.00 to $19.00 in a report on Friday. Finally, Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Tuesday, March 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $22.00.
Shares of NASDAQ MDRX opened at $18.12 on Friday. Allscripts Healthcare Solutions has a 1-year low of $13.05 and a 1-year high of $23.25. The company has a market cap of $2.09 billion, a PE ratio of 16.18, a P/E/G ratio of 1.67 and a beta of 0.98. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $21.67 and a two-hundred day moving average of $19.23.
Allscripts Healthcare Solutions (NASDAQ:MDRX – Get Rating) last announced its earnings results on Thursday, May 5th. The software maker reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Allscripts Healthcare Solutions had a return on equity of 10.86% and a net margin of 11.60%. The company had revenue of $142.70 million during the quarter, compared to the consensus estimate of $139.67 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that Allscripts Healthcare Solutions will post 0.69 earnings per share for the current year.
In other news, CFO Richard J. Poulton sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $20.83, for a total value of $208,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Paul Black sold 60,000 shares of the business’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $21.87, for a total transaction of $1,312,200.00. The disclosure for this sale can be found here. 1.91% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in MDRX. C M Bidwell & Associates Ltd. acquired a new stake in Allscripts Healthcare Solutions in the first quarter valued at $44,000. Maverick Capital Ltd. acquired a new stake in shares of Allscripts Healthcare Solutions during the 3rd quarter worth about $55,000. AdvisorShares Investments LLC acquired a new stake in shares of Allscripts Healthcare Solutions during the 1st quarter worth about $186,000. Inspire Investing LLC acquired a new stake in shares of Allscripts Healthcare Solutions during the 1st quarter worth about $235,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Allscripts Healthcare Solutions during the 4th quarter worth about $200,000.
Allscripts Healthcare Solutions Company Profile (Get Rating)
Allscripts Healthcare Solutions, Inc, together with its subsidiaries, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.
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