Allscripts Healthcare Solutions (NASDAQ:MDRX) Downgraded by BidaskClub

BidaskClub downgraded shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from a hold rating to a sell rating in a research report released on Tuesday, BidAskClub reports.

Other analysts have also issued research reports about the stock. TheStreet raised shares of Allscripts Healthcare Solutions from a d+ rating to a c- rating in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Allscripts Healthcare Solutions in a report on Friday, August 23rd. They set a buy rating and a $13.00 target price on the stock. ValuEngine lowered shares of Allscripts Healthcare Solutions from a hold rating to a sell rating in a research note on Monday, November 4th. Robert W. Baird set a $13.00 price objective on Allscripts Healthcare Solutions and gave the company a buy rating in a research report on Monday, August 12th. Finally, Deutsche Bank began coverage on Allscripts Healthcare Solutions in a report on Thursday, September 26th. They set a hold rating and a $11.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $11.63.

Shares of Allscripts Healthcare Solutions stock opened at $10.56 on Tuesday. Allscripts Healthcare Solutions has a 12 month low of $8.54 and a 12 month high of $12.40. The business has a fifty day simple moving average of $10.94 and a 200 day simple moving average of $10.50. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.75 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.43 and a beta of 1.41.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings results on Monday, November 4th. The software maker reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Allscripts Healthcare Solutions had a return on equity of 5.98% and a net margin of 12.00%. The company had revenue of $445.00 million during the quarter, compared to the consensus estimate of $450.04 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts expect that Allscripts Healthcare Solutions will post 0.49 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Allscripts Healthcare Solutions by 2.2% during the second quarter. Vanguard Group Inc. now owns 16,523,536 shares of the software maker’s stock worth $192,169,000 after buying an additional 363,005 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Allscripts Healthcare Solutions by 3.4% in the third quarter. Fisher Asset Management LLC now owns 4,647,875 shares of the software maker’s stock worth $51,034,000 after purchasing an additional 154,114 shares during the last quarter. Tamarack Advisers LP raised its position in Allscripts Healthcare Solutions by 7.6% during the 3rd quarter. Tamarack Advisers LP now owns 4,225,000 shares of the software maker’s stock worth $46,391,000 after purchasing an additional 300,000 shares during the last quarter. Northern Trust Corp raised its position in shares of Allscripts Healthcare Solutions by 9.7% during the second quarter. Northern Trust Corp now owns 2,906,636 shares of the software maker’s stock worth $33,804,000 after acquiring an additional 256,892 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its holdings in Allscripts Healthcare Solutions by 1.9% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,903,700 shares of the software maker’s stock worth $22,140,000 after purchasing an additional 35,400 shares during the last quarter.

Allscripts Healthcare Solutions Company 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.

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Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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