Insider Selling: Allscripts Healthcare Solutions Inc (MDRX) SVP Sells 36,796 Shares of Stock

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) SVP James Hewitt sold 36,796 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $14.11, for a total transaction of $519,191.56. Following the completion of the sale, the senior vice president now directly owns 181,766 shares of the company’s stock, valued at $2,564,718.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Allscripts Healthcare Solutions Inc (NASDAQ MDRX) traded up $0.06 during trading on Monday, reaching $14.19. 1,386,576 shares of the company’s stock traded hands, compared to its average volume of 2,343,394. The firm has a market cap of $2,553.02, a price-to-earnings ratio of 32.86, a PEG ratio of 2.52 and a beta of 1.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20. Allscripts Healthcare Solutions Inc has a 1 year low of $10.19 and a 1 year high of $14.51.

A number of analysts recently commented on MDRX shares. KeyCorp reiterated a “hold” rating on shares of Allscripts Healthcare Solutions in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Robert W. Baird boosted their target price on shares of Allscripts Healthcare Solutions from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Cowen upgraded shares of Allscripts Healthcare Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $13.00 to $16.00 in a report on Monday, September 11th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $16.00 target price on shares of Allscripts Healthcare Solutions in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. Allscripts Healthcare Solutions currently has a consensus rating of “Hold” and an average price target of $15.06.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Allscripts Healthcare Solutions by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,824,640 shares of the software maker’s stock valued at $189,162,000 after buying an additional 181,721 shares during the period. Dimensional Fund Advisors LP increased its stake in Allscripts Healthcare Solutions by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,508,667 shares of the software maker’s stock valued at $135,308,000 after buying an additional 337,382 shares during the period. Fiduciary Management Inc. WI increased its stake in Allscripts Healthcare Solutions by 0.6% in the 2nd quarter. Fiduciary Management Inc. WI now owns 6,083,536 shares of the software maker’s stock valued at $77,626,000 after buying an additional 38,426 shares during the period. State Street Corp increased its stake in Allscripts Healthcare Solutions by 28.6% in the 2nd quarter. State Street Corp now owns 5,975,551 shares of the software maker’s stock valued at $76,251,000 after buying an additional 1,330,721 shares during the period. Finally, Boston Partners increased its stake in Allscripts Healthcare Solutions by 16.5% in the 2nd quarter. Boston Partners now owns 5,415,576 shares of the software maker’s stock valued at $69,102,000 after buying an additional 767,249 shares during the period.

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Allscripts Healthcare Solutions Company Profile

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.

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