Allscripts Healthcare Solutions (NASDAQ:MDRX) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from a buy rating to a strong-buy rating in a report published on Wednesday, January 16th.

Several other brokerages have also commented on MDRX. Zacks Investment Research lowered Allscripts Healthcare Solutions from a hold rating to a sell rating in a report on Thursday, October 4th. SunTrust Banks lowered Allscripts Healthcare Solutions from a buy rating to a hold rating in a research note on Friday, November 2nd. Robert W. Baird lowered their price target on Allscripts Healthcare Solutions from $16.00 to $14.00 and set an outperform rating on the stock in a research note on Friday, November 2nd. ValuEngine lowered Allscripts Healthcare Solutions from a hold rating to a sell rating in a research note on Friday, November 2nd. Finally, Citigroup lowered their price target on Allscripts Healthcare Solutions from $19.00 to $17.00 and set a buy rating on the stock in a research note on Friday, November 2nd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $15.31.

Shares of MDRX opened at $11.36 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.61. Allscripts Healthcare Solutions has a 12 month low of $8.54 and a 12 month high of $14.97. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40.

In other news, CEO Paul Black acquired 24,765 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The shares were purchased at an average price of $10.10 per share, for a total transaction of $250,126.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian Farley sold 6,000 shares of the business’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $12.00, for a total value of $72,000.00. Following the transaction, the insider now directly owns 235,673 shares of the company’s stock, valued at $2,828,076. The disclosure for this sale can be found here. Insiders acquired 37,728 shares of company stock worth $380,972 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in Allscripts Healthcare Solutions by 129.5% during the 3rd quarter. First Trust Advisors LP now owns 143,024 shares of the software maker’s stock worth $2,038,000 after purchasing an additional 80,698 shares in the last quarter. Rothschild & Co. Asset Management US Inc. acquired a new position in shares of Allscripts Healthcare Solutions during the 3rd quarter worth about $12,218,000. Avestar Capital LLC boosted its position in shares of Allscripts Healthcare Solutions by 24.1% during the 3rd quarter. Avestar Capital LLC now owns 20,051 shares of the software maker’s stock worth $270,000 after acquiring an additional 3,899 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Allscripts Healthcare Solutions during the 3rd quarter worth about $12,229,000. Finally, CWM LLC boosted its position in shares of Allscripts Healthcare Solutions by 33.8% during the 3rd quarter. CWM LLC now owns 230,869 shares of the software maker’s stock worth $3,290,000 after acquiring an additional 58,323 shares in the last quarter.

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, 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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