State Treasurer State of Michigan Buys 1,500 Shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)

State Treasurer State of Michigan boosted its position in shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,800 shares of the software maker’s stock after buying an additional 1,500 shares during the period. State Treasurer State of Michigan’s holdings in Allscripts Healthcare Solutions were worth $954,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in MDRX. FNY Partners Fund LP increased its stake in shares of Allscripts Healthcare Solutions by 900.0% in the first quarter. FNY Partners Fund LP now owns 8,000 shares of the software maker’s stock worth $101,000 after buying an additional 7,200 shares in the last quarter. Invictus RG purchased a new stake in shares of Allscripts Healthcare Solutions during the first quarter worth $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Allscripts Healthcare Solutions by 9.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,434 shares of the software maker’s stock worth $120,000 after buying an additional 816 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Allscripts Healthcare Solutions by 60.2% in the first quarter. Bank of Montreal Can now owns 9,914 shares of the software maker’s stock worth $126,000 after buying an additional 3,724 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of Allscripts Healthcare Solutions by 4.1% in the first quarter. Flinton Capital Management LLC now owns 9,940 shares of the software maker’s stock worth $126,000 after buying an additional 392 shares in the last quarter.

Allscripts Healthcare Solutions, Inc. (NASDAQ MDRX) opened at 12.85 on Friday. The stock’s 50 day moving average is $12.51 and its 200 day moving average is $12.21. Allscripts Healthcare Solutions, Inc. has a 52 week low of $9.80 and a 52 week high of $13.70. The company’s market capitalization is $2.32 billion.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its earnings results on Thursday, August 3rd. The software maker reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.04. Allscripts Healthcare Solutions had a positive return on equity of 5.97% and a negative net margin of 11.54%. The firm had revenue of $426.10 million for the quarter, compared to analyst estimates of $424.94 million. During the same period in the previous year, the company earned $0.14 earnings per share. Allscripts Healthcare Solutions’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts predict that Allscripts Healthcare Solutions, Inc. will post $0.62 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “State Treasurer State of Michigan Buys 1,500 Shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)” was first published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/state-treasurer-state-of-michigan-acquires-1500-shares-of-allscripts-healthcare-solutions-inc-nasdaqmdrx-updated.html.

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $17.00 price target (up from $15.00) on shares of Allscripts Healthcare Solutions in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Citigroup Inc. increased their price target on shares of Allscripts Healthcare Solutions from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Maxim Group restated a “buy” rating and set a $16.00 target price on shares of Allscripts Healthcare Solutions in a report on Friday, August 4th. Finally, Morgan Stanley raised their target price on shares of Allscripts Healthcare Solutions from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.59.

About Allscripts Healthcare Solutions

Allscripts Healthcare Solutions, Inc (Allscripts) delivers information technology (IT) solutions and services to help healthcare organizations. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Netsmart. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions.

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

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

Latest News

Leave a Reply