Keybank National Association OH Purchases 8,675 Shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX)

Keybank National Association OH lifted its position in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 63.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,339 shares of the software maker’s stock after acquiring an additional 8,675 shares during the quarter. Keybank National Association OH’s holdings in Allscripts Healthcare Solutions were worth $260,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP bought a new position in Allscripts Healthcare Solutions during the fourth quarter valued at approximately $178,000. Norges Bank bought a new position in Allscripts Healthcare Solutions in the fourth quarter worth approximately $19,775,000. Geode Capital Management LLC raised its position in Allscripts Healthcare Solutions by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 2,513,987 shares of the software maker’s stock worth $24,234,000 after acquiring an additional 167,430 shares during the period. Virtu Financial LLC bought a new position in Allscripts Healthcare Solutions in the first quarter worth approximately $213,000. Finally, Zeke Capital Advisors LLC raised its position in Allscripts Healthcare Solutions by 97.9% in the first quarter. Zeke Capital Advisors LLC now owns 75,716 shares of the software maker’s stock worth $722,000 after acquiring an additional 37,455 shares during the period.

Shares of MDRX opened at $9.44 on Thursday. Allscripts Healthcare Solutions Inc has a 1-year low of $8.54 and a 1-year high of $14.97. The company has a 50-day moving average of $10.46 and a 200 day moving average of $10.45. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $444.50 million during the quarter, compared to analyst estimates of $449.03 million. Allscripts Healthcare Solutions had a net margin of 9.85% and a return on equity of 6.17%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. On average, equities analysts anticipate that Allscripts Healthcare Solutions Inc will post 0.48 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Allscripts Healthcare Solutions from a “sell” rating to a “strong sell” rating in a research report on Friday, August 9th. Robert W. Baird set a $13.00 price target on shares of Allscripts Healthcare Solutions and gave the stock a “buy” rating in a research report on Monday, August 12th. ValuEngine downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, TheStreet cut shares of Allscripts Healthcare Solutions from a “c-” rating to a “d+” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.25.

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.

Further Reading: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding MDRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allscripts Healthcare Solutions Inc (NASDAQ:MDRX).

Institutional Ownership by Quarter for Allscripts Healthcare Solutions (NASDAQ:MDRX)

Receive News & Ratings for Allscripts Healthcare Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allscripts Healthcare Solutions and related companies with MarketBeat.com's FREE daily email newsletter.