Pacer Advisors Inc. bought a new stake in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 68,159 shares of the software maker’s stock, valued at approximately $793,000.
Several other hedge funds have also added to or reduced their stakes in MDRX. Parallel Advisors LLC bought a new position in shares of Allscripts Healthcare Solutions in the second quarter valued at approximately $28,000. C M Bidwell & Associates Ltd. bought a new position in shares of Allscripts Healthcare Solutions in the second quarter valued at approximately $34,000. Sun Life Financial INC bought a new position in shares of Allscripts Healthcare Solutions in the second quarter valued at approximately $41,000. Quantamental Technologies LLC bought a new position in shares of Allscripts Healthcare Solutions in the second quarter valued at approximately $57,000. Finally, ETF Managers Group LLC grew its holdings in shares of Allscripts Healthcare Solutions by 9.7% in the first quarter. ETF Managers Group LLC now owns 11,589 shares of the software maker’s stock valued at $111,000 after acquiring an additional 1,028 shares in the last quarter.
Allscripts Healthcare Solutions stock traded up $0.06 during trading on Friday, hitting $10.44. The stock had a trading volume of 1,385,485 shares, compared to its average volume of 1,395,704. Allscripts Healthcare Solutions Inc has a 1 year low of $8.54 and a 1 year high of $14.82. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average is $9.57 and its two-hundred day moving average is $10.19. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.17 EPS for the quarter, beating the 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 business had revenue of $444.50 million for the quarter, compared to the consensus estimate of $449.03 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. Allscripts Healthcare Solutions’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that Allscripts Healthcare Solutions Inc will post 0.48 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. TheStreet lowered Allscripts Healthcare Solutions from a “c-” rating to a “d+” rating in a report on Tuesday, August 13th. Robert W. Baird set a $13.00 target price on Allscripts Healthcare Solutions and gave the company a “buy” rating in a report on Monday, August 12th. BidaskClub raised Allscripts Healthcare Solutions from a “strong sell” rating to a “sell” rating in a report on Wednesday. Jefferies Financial Group assumed coverage on Allscripts Healthcare Solutions in a report on Friday, August 23rd. They issued a “buy” rating and a $13.00 target price for the company. Finally, ValuEngine lowered Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.36.
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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