Allscripts Healthcare Solutions Target of Unusually High Options Trading (NASDAQ:MDRX)

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) was the recipient of some unusual options trading on Thursday. Stock traders acquired 1,978 put options on the stock. This is an increase of approximately 1,820% compared to the typical daily volume of 103 put options.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research report on Wednesday, June 12th. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. BidaskClub downgraded Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Menlo Therapeutics in a research report on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.29.

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of Allscripts Healthcare Solutions in the 1st quarter worth $213,000. Norges Bank purchased a new stake in shares of Allscripts Healthcare Solutions in the 4th quarter worth $19,775,000. Menta Capital LLC lifted its holdings in shares of Allscripts Healthcare Solutions by 24.2% in the 4th quarter. Menta Capital LLC now owns 13,417 shares of the software maker’s stock worth $129,000 after buying an additional 2,613 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Allscripts Healthcare Solutions by 1.8% in the 1st quarter. Texas Permanent School Fund now owns 116,332 shares of the software maker’s stock worth $1,110,000 after buying an additional 2,001 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Allscripts Healthcare Solutions by 5.9% in the 1st quarter. Comerica Bank now owns 156,682 shares of the software maker’s stock worth $1,556,000 after buying an additional 8,744 shares during the period.

Shares of Allscripts Healthcare Solutions stock opened at $10.95 on Friday. The firm has a fifty day simple moving average of $10.96. The company has a market cap of $1.82 billion, a P/E ratio of 19.91, a PEG ratio of 2.30 and a beta of 1.31. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. Allscripts Healthcare Solutions has a 52 week low of $8.54 and a 52 week high of $14.97.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $432.00 million for the quarter, compared to the consensus estimate of $436.47 million. Allscripts Healthcare Solutions had a return on equity of 6.92% and a net margin of 20.60%. Allscripts Healthcare Solutions’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. On average, equities analysts anticipate that Allscripts Healthcare Solutions will post 0.47 EPS for the current year.

Allscripts Healthcare Solutions Company Profile

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 (EHR), connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.

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