Silvercrest Asset Management Group LLC Has $54.21 Million Position in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX)

Silvercrest Asset Management Group LLC lowered its stake in shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,661,583 shares of the software maker’s stock after selling 14,115 shares during the period. Silvercrest Asset Management Group LLC owned about 2.80% of Allscripts Healthcare Solutions worth $54,214,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MDRX. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Allscripts Healthcare Solutions in the 2nd quarter valued at $26,000. Parallel Advisors LLC acquired a new stake in shares of Allscripts Healthcare Solutions in the 2nd quarter valued at $28,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Allscripts Healthcare Solutions in the 2nd quarter valued at $34,000. Sun Life Financial INC acquired a new stake in shares of Allscripts Healthcare Solutions in the 2nd quarter valued at $41,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Allscripts Healthcare Solutions in the 2nd quarter valued at $57,000.

MDRX traded down $0.18 during trading on Wednesday, hitting $10.33. The stock had a trading volume of 55,142 shares, compared to its average volume of 1,398,978. The firm has a market cap of $1.77 billion, a PE ratio of 18.82, a P/E/G ratio of 2.03 and a beta of 1.38. Allscripts Healthcare Solutions Inc has a 12 month low of $8.54 and a 12 month high of $14.82. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $9.57 and a 200-day simple moving average of $10.18.

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

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Allscripts Healthcare Solutions in a research note on Friday, August 23rd. They issued a “buy” rating and a $13.00 price objective for the company. Robert W. Baird set a $13.00 price objective on shares of Allscripts Healthcare Solutions and gave the company a “buy” rating in a research note on Monday, August 12th. TheStreet lowered shares of Allscripts Healthcare Solutions from a “c-” rating to a “d+” rating in a research note on Tuesday, August 13th. BidaskClub raised shares of Allscripts Healthcare Solutions from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, ValuEngine lowered shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.36.

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.

Further Reading: How does a security become overbought?

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.