Allscripts Healthcare Solutions (NASDAQ:MDRX) Issues Earnings Results

Allscripts Healthcare Solutions (NASDAQ:MDRX) released its earnings results on Thursday. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01, RTT News reports. The firm had revenue of $444.50 million for the quarter, compared to analyst estimates of $449.03 million. Allscripts Healthcare Solutions had a return on equity of 6.10% and a net margin of 9.85%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS.

Shares of NASDAQ:MDRX traded down $0.43 during trading on Friday, hitting $9.73. 3,919,772 shares of the stock were exchanged, compared to its average volume of 2,065,221. Allscripts Healthcare Solutions has a 1-year low of $8.54 and a 1-year high of $14.97. The stock has a market capitalization of $1.69 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 2.07 and a beta of 1.30. The company has a fifty day moving average price of $10.97. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.59.

Several large investors have recently made changes to their positions in the company. ETF Managers Group LLC grew its holdings in shares of Allscripts Healthcare Solutions by 9.7% during the 1st quarter. ETF Managers Group LLC now owns 11,589 shares of the software maker’s stock worth $111,000 after purchasing an additional 1,028 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Allscripts Healthcare Solutions by 3.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 44,332 shares of the software maker’s stock worth $427,000 after purchasing an additional 1,387 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Allscripts Healthcare Solutions by 6.3% during the 4th quarter. Amalgamated Bank now owns 25,449 shares of the software maker’s stock worth $245,000 after purchasing an additional 1,501 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Allscripts Healthcare Solutions by 16.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,460 shares of the software maker’s stock worth $145,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Texas Permanent School Fund grew its holdings in shares of Allscripts Healthcare Solutions by 1.8% during the 1st quarter. Texas Permanent School Fund now owns 116,332 shares of the software maker’s stock worth $1,110,000 after purchasing an additional 2,001 shares in the last quarter.

A number of analysts have issued reports on the company. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $10.00 target price on shares of Allscripts Healthcare Solutions in a report on Thursday, May 2nd. BidaskClub lowered Allscripts Healthcare Solutions from a “sell” rating to a “strong sell” rating in a report on Friday. ValuEngine lowered Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Evercore ISI reaffirmed a “hold” rating and issued a $11.50 target price on shares of Allscripts Healthcare Solutions in a report on Sunday. Finally, Zacks Investment Research raised Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Allscripts Healthcare Solutions has an average rating of “Hold” and an average target price of $12.42.

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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Earnings History for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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