Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Holdings Trimmed by Northern Trust Corp

Northern Trust Corp lowered its position in shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,645,007 shares of the software maker’s stock after selling 6,513 shares during the quarter. Northern Trust Corp owned about 1.51% of Allscripts Healthcare Solutions worth $25,498,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in Allscripts Healthcare Solutions by 539.1% during the fourth quarter. Meeder Asset Management Inc. now owns 3,368 shares of the software maker’s stock worth $32,000 after buying an additional 2,841 shares in the last quarter. ETF Managers Group LLC grew its position in Allscripts Healthcare Solutions by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 10,561 shares of the software maker’s stock worth $102,000 after buying an additional 1,440 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Allscripts Healthcare Solutions by 580.9% during the third quarter. Tower Research Capital LLC TRC now owns 17,861 shares of the software maker’s stock worth $255,000 after buying an additional 15,238 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in Allscripts Healthcare Solutions by 185.3% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 19,400 shares of the software maker’s stock worth $187,000 after buying an additional 12,600 shares in the last quarter. Finally, GAM Holding AG grew its position in Allscripts Healthcare Solutions by 70.2% during the third quarter. GAM Holding AG now owns 19,744 shares of the software maker’s stock worth $281,000 after buying an additional 8,141 shares in the last quarter.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Citigroup downgraded Allscripts Healthcare Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $14.00 to $12.00 in a research report on Friday, February 22nd. BidaskClub upgraded Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Finally, ValuEngine upgraded Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.35.

Shares of MDRX traded up $0.08 during trading hours on Friday, reaching $9.44. The stock had a trading volume of 1,403,150 shares, compared to its average volume of 1,666,949. Allscripts Healthcare Solutions Inc has a 12 month low of $8.54 and a 12 month high of $14.97. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.08.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings results 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). Allscripts Healthcare Solutions had a net margin of 18.15% and a return on equity of 7.74%. The firm had revenue of $538.00 million during the quarter, compared to the consensus estimate of $565.52 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts forecast that Allscripts Healthcare Solutions Inc will post 0.5 EPS for the current year.

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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 (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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