Allscripts Healthcare Solutions (MDRX) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from a hold rating to a sell rating in a report published on Monday morning, ValuEngine reports.

MDRX has been the subject of a number of other research reports. Zacks Investment Research raised Allscripts Healthcare Solutions from a sell rating to a hold rating in a research report on Monday, January 21st. BidaskClub raised Allscripts Healthcare Solutions from a buy rating to a strong-buy rating in a research report on Wednesday, January 16th. Finally, Citigroup downgraded Allscripts Healthcare Solutions from a buy rating to a neutral rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Allscripts Healthcare Solutions presently has an average rating of Hold and a consensus price target of $14.35.

NASDAQ MDRX opened at $9.51 on Monday. Allscripts Healthcare Solutions has a fifty-two week low of $8.54 and a fifty-two week high of $14.97. The firm has a market capitalization of $1.63 billion, a PE ratio of 17.29, a P/E/G ratio of 1.65 and a beta of 1.30. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings data on Thursday, February 21st. The software maker reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). The business had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $565.52 million. Allscripts Healthcare Solutions had a net margin of 18.15% and a return on equity of 7.74%. Allscripts Healthcare Solutions’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. As a group, research analysts predict that Allscripts Healthcare Solutions will post 0.5 earnings per share for the current fiscal year.

In other news, insider Brian Farley sold 6,000 shares of the company’s stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $12.00, for a total value of $72,000.00. Following the completion of the sale, the insider now owns 235,673 shares of the company’s stock, valued at $2,828,076. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. lifted its stake in shares of Allscripts Healthcare Solutions by 539.1% in the fourth quarter. Meeder Asset Management Inc. now owns 3,368 shares of the software maker’s stock worth $32,000 after acquiring an additional 2,841 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Allscripts Healthcare Solutions by 864.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 684,189 shares of the software maker’s stock worth $71,000 after acquiring an additional 613,215 shares in the last quarter. ETF Managers Group LLC lifted its stake in shares of Allscripts Healthcare Solutions by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 10,561 shares of the software maker’s stock worth $102,000 after acquiring an additional 1,440 shares in the last quarter. Magnus Financial Group LLC acquired a new position in shares of Allscripts Healthcare Solutions in the fourth quarter worth about $111,000. Finally, QS Investors LLC lifted its stake in shares of Allscripts Healthcare Solutions by 5,105.5% in the fourth quarter. QS Investors LLC now owns 12,337 shares of the software maker’s stock worth $119,000 after acquiring an additional 12,100 shares in the last quarter.

About Allscripts Healthcare Solutions

Allscripts Healthcare Solutions, Inc provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records, connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.

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Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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