Meeder Asset Management Inc. Lowers Holdings in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX)

Meeder Asset Management Inc. decreased its stake in shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 28.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,236 shares of the software maker’s stock after selling 27,913 shares during the quarter. Meeder Asset Management Inc.’s holdings in Allscripts Healthcare Solutions were worth $817,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. ETF Managers Group LLC increased its holdings in shares of Allscripts Healthcare Solutions by 9.7% in the 1st quarter. ETF Managers Group LLC now owns 11,589 shares of the software maker’s stock worth $111,000 after purchasing an additional 1,028 shares in the last quarter. Connable Office Inc. bought a new stake in shares of Allscripts Healthcare Solutions in the 1st quarter worth $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Allscripts Healthcare Solutions by 16.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,460 shares of the software maker’s stock worth $145,000 after purchasing an additional 1,800 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Allscripts Healthcare Solutions in the 1st quarter worth $142,000. Finally, Clear Street Markets LLC bought a new stake in shares of Allscripts Healthcare Solutions in the 2nd quarter worth $204,000.

Shares of MDRX opened at $9.52 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91. Allscripts Healthcare Solutions Inc has a one year low of $8.54 and a one year high of $14.97. The firm has a market capitalization of $1.51 billion, a P/E ratio of 17.30, a PEG ratio of 1.84 and a beta of 1.30. The business has a fifty day moving average of $10.46 and a 200 day moving average of $10.45.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Allscripts Healthcare Solutions had a return on equity of 6.17% and a net margin of 9.85%. The company had revenue of $444.50 million during the quarter, compared to analyst estimates of $449.03 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. Allscripts Healthcare Solutions’s revenue was up .7% compared to the same quarter last year. Analysts expect that Allscripts Healthcare Solutions Inc will post 0.48 EPS for the current fiscal year.

A number of analysts have commented on the company. BidaskClub lowered Allscripts Healthcare Solutions from a “sell” rating to a “strong sell” rating in a report on Friday, August 9th. Robert W. Baird set a $13.00 price objective on Allscripts Healthcare Solutions and gave the stock a “buy” rating in a report on Monday, August 12th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Allscripts Healthcare Solutions in a report on Thursday, May 2nd. Evercore ISI reaffirmed a “hold” rating and issued a $11.50 price objective on shares of Allscripts Healthcare Solutions in a report on Sunday, August 11th. Finally, ValuEngine lowered Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.25.

Allscripts Healthcare Solutions 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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Institutional Ownership by Quarter for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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