Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) insider Lisa Khorey sold 15,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $11.04, for a total transaction of $165,600.00. Following the sale, the insider now directly owns 270,889 shares in the company, valued at approximately $2,990,614.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NASDAQ:MDRX opened at $11.07 on Friday. Allscripts Healthcare Solutions Inc has a 52-week low of $4.56 and a 52-week high of $11.82. The firm has a fifty day moving average of $8.57 and a 200 day moving average of $7.44. The firm has a market capitalization of $1.80 billion, a PE ratio of -33.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.78.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, July 30th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. Allscripts Healthcare Solutions had a negative net margin of 3.06% and a positive return on equity of 5.55%. The company had revenue of $406.20 million during the quarter, compared to analyst estimates of $399.80 million. On average, sell-side analysts forecast that Allscripts Healthcare Solutions Inc will post 0.49 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in MDRX. Versant Capital Management Inc boosted its position in Allscripts Healthcare Solutions by 11,786.5% during the second quarter. Versant Capital Management Inc now owns 4,398 shares of the software maker’s stock valued at $29,000 after buying an additional 4,361 shares during the period. Advisor Group Holdings Inc. purchased a new stake in Allscripts Healthcare Solutions during the first quarter valued at about $34,000. Aigen Investment Management LP purchased a new stake in Allscripts Healthcare Solutions during the second quarter valued at about $68,000. PNC Financial Services Group Inc. boosted its position in Allscripts Healthcare Solutions by 147.7% during the second quarter. PNC Financial Services Group Inc. now owns 10,055 shares of the software maker’s stock valued at $68,000 after buying an additional 5,995 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in Allscripts Healthcare Solutions during the second quarter valued at about $73,000.
A number of brokerages have issued reports on MDRX. Royal Bank of Canada boosted their target price on shares of Allscripts Healthcare Solutions from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. BidaskClub cut shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Cantor Fitzgerald boosted their price target on shares of Allscripts Healthcare Solutions from $9.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday. TheStreet upgraded shares of Allscripts Healthcare Solutions from a “d” rating to a “c-” rating in a research report on Friday, July 31st. Finally, Morgan Stanley boosted their price target on shares of Allscripts Healthcare Solutions from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.50.
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.
Read More: Stochastic Momentum Index (SMI)
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.