BidaskClub Lowers Allscripts Healthcare Solutions (NASDAQ:MDRX) to Sell

BidaskClub cut shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from a hold rating to a sell rating in a research note released on Wednesday, April 3rd, BidAskClub reports.

A number of other research analysts have also recently weighed in on MDRX. Zacks Investment Research raised shares of Allscripts Healthcare Solutions from a sell rating to a hold rating in a research report on Monday, January 21st. ValuEngine raised shares of Allscripts Healthcare Solutions from a sell rating to a hold rating in a research report on Wednesday, January 9th. Finally, Citigroup cut shares of Allscripts Healthcare Solutions from a buy rating to a neutral rating and reduced their price target for the company from $14.00 to $12.00 in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $14.35.

Shares of NASDAQ MDRX traded up $0.19 during midday trading on Wednesday, reaching $9.80. 1,106,600 shares of the stock were exchanged, compared to its average volume of 2,318,919. The company has a market cap of $1.59 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. Allscripts Healthcare Solutions has a 52-week low of $8.54 and a 52-week high of $14.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 1.08.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last released its earnings results on Thursday, February 21st. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.01). Allscripts Healthcare Solutions had a return on equity of 7.74% and a net margin of 18.15%. The company had revenue of $538.00 million during the quarter, compared to analyst estimates of $565.52 million. During the same period in the prior year, the business posted $0.18 earnings per share. Allscripts Healthcare Solutions’s revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Allscripts Healthcare Solutions will post 0.5 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of MDRX. Rhumbline Advisers increased its stake in shares of Allscripts Healthcare Solutions by 57.0% in the fourth quarter. Rhumbline Advisers now owns 532,258 shares of the software maker’s stock worth $5,131,000 after buying an additional 193,246 shares during the last quarter. Shapiro Capital Management LLC increased its stake in Allscripts Healthcare Solutions by 196.2% during the fourth quarter. Shapiro Capital Management LLC now owns 10,938,150 shares of the software maker’s stock valued at $105,444,000 after purchasing an additional 7,245,100 shares during the last quarter. Wesbanco Bank Inc. increased its stake in Allscripts Healthcare Solutions by 29.3% during the fourth quarter. Wesbanco Bank Inc. now owns 331,486 shares of the software maker’s stock valued at $3,196,000 after purchasing an additional 75,198 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Allscripts Healthcare Solutions during the fourth quarter valued at $2,346,000. Finally, Teachers Advisors LLC increased its stake in Allscripts Healthcare Solutions by 0.6% during the third quarter. Teachers Advisors LLC now owns 921,374 shares of the software maker’s stock valued at $13,130,000 after purchasing an additional 5,830 shares during 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 (EHR), 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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