Meeder Asset Management Inc. lifted its stake in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 2,814.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,149 shares of the software maker’s stock after buying an additional 94,781 shares during the period. Meeder Asset Management Inc. owned approximately 0.06% of Allscripts Healthcare Solutions worth $936,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sciencast Management LP acquired a new stake in shares of Allscripts Healthcare Solutions in the 1st quarter worth $385,000. Virtu Financial LLC acquired a new stake in shares of Allscripts Healthcare Solutions in the 1st quarter worth $213,000. Peregrine Capital Management LLC lifted its stake in shares of Allscripts Healthcare Solutions by 7.8% in the 1st quarter. Peregrine Capital Management LLC now owns 1,343,186 shares of the software maker’s stock worth $12,814,000 after acquiring an additional 97,081 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Allscripts Healthcare Solutions in the 4th quarter worth $2,346,000. Finally, American Century Companies Inc. acquired a new stake in shares of Allscripts Healthcare Solutions in the 4th quarter worth $10,671,000.
Shares of NASDAQ MDRX traded down $0.03 during midday trading on Friday, hitting $10.28. The company had a trading volume of 1,961,305 shares, compared to its average volume of 1,539,379. The company has a quick ratio of 1.08, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. Allscripts Healthcare Solutions Inc has a twelve month low of $8.54 and a twelve month high of $14.97.
Several brokerages recently commented on MDRX. Cantor Fitzgerald reiterated a “hold” rating and issued a $10.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Thursday, May 2nd. BidaskClub cut shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Finally, Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Allscripts Healthcare Solutions has a consensus rating of “Hold” and a consensus price target of $13.29.
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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