Allscripts Healthcare Solutions Target of Unusually Large Options Trading (MDRX)

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) was the recipient of some unusual options trading on Friday. Investors acquired 1,329 put options on the stock. This represents an increase of 1,036% compared to the average volume of 117 put options.

In related news, CEO Paul Black sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $13.52, for a total value of $202,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian Farley sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $13.52, for a total transaction of $67,600.00. Following the completion of the transaction, the executive vice president now owns 196,607 shares in the company, valued at $2,658,126.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock worth $473,800. Company insiders own 0.91% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Wesbanco Bank Inc. boosted its stake in Allscripts Healthcare Solutions by 131.4% in the second quarter. Wesbanco Bank Inc. now owns 147,587 shares of the software maker’s stock worth $1,883,000 after buying an additional 83,807 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Allscripts Healthcare Solutions by 26.9% in the second quarter. Dimensional Fund Advisors LP now owns 9,171,285 shares of the software maker’s stock worth $117,026,000 after buying an additional 1,943,496 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Allscripts Healthcare Solutions by 6.8% in the second quarter. Victory Capital Management Inc. now owns 1,627,164 shares of the software maker’s stock worth $20,763,000 after buying an additional 103,395 shares in the last quarter. Royal Bank of Canada boosted its stake in Allscripts Healthcare Solutions by 53.3% in the second quarter. Royal Bank of Canada now owns 955,183 shares of the software maker’s stock worth $12,189,000 after buying an additional 331,967 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Allscripts Healthcare Solutions by 1.2% in the second quarter. Vanguard Group Inc. now owns 14,824,640 shares of the software maker’s stock worth $189,162,000 after buying an additional 181,721 shares in the last quarter.

Several research firms recently weighed in on MDRX. Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. SunTrust Banks restated a “buy” rating and issued a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research report on Friday, November 3rd. Maxim Group restated a “buy” rating and issued a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research report on Friday, November 3rd. Robert W. Baird upped their price objective on shares of Allscripts Healthcare Solutions from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, KeyCorp restated a “hold” rating on shares of Allscripts Healthcare Solutions in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.06.

Shares of Allscripts Healthcare Solutions (MDRX) opened at $14.09 on Wednesday. The stock has a market capitalization of $2,556.64, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 2.52 and a beta of 1.35. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.98 and a quick ratio of 0.98. Allscripts Healthcare Solutions has a 52 week low of $10.19 and a 52 week high of $14.45.

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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.

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