Quantbot Technologies LP acquired a new position in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 67,481 shares of the software maker’s stock, valued at approximately $960,000.
Other large investors have also recently made changes to their positions in the company. TimesSquare Capital Management LLC raised its position in Allscripts Healthcare Solutions by 1,322.5% in the 2nd quarter. TimesSquare Capital Management LLC now owns 4,039,900 shares of the software maker’s stock worth $51,549,000 after purchasing an additional 3,755,900 shares during the period. Fisher Asset Management LLC bought a new stake in Allscripts Healthcare Solutions in the 3rd quarter worth $33,351,000. Dimensional Fund Advisors LP grew its holdings in Allscripts Healthcare Solutions by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,171,285 shares of the software maker’s stock worth $117,026,000 after acquiring an additional 1,943,496 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Allscripts Healthcare Solutions during the 2nd quarter valued at about $18,797,000. Finally, State Street Corp boosted its stake in shares of Allscripts Healthcare Solutions by 28.6% during the 2nd quarter. State Street Corp now owns 5,975,551 shares of the software maker’s stock valued at $76,251,000 after purchasing an additional 1,330,721 shares in the last quarter.
Allscripts Healthcare Solutions Inc (MDRX) traded up $0.15 during trading hours on Thursday, hitting $14.14. 1,576,972 shares of the stock traded hands, compared to its average volume of 2,333,557. The stock has a market cap of $2,524.11, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98. Allscripts Healthcare Solutions Inc has a 52-week low of $10.19 and a 52-week high of $14.51.
Several research firms recently commented on MDRX. KeyCorp reaffirmed a “hold” rating on shares of Allscripts Healthcare Solutions in a report on Friday, October 27th. Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Robert W. Baird upped their target price on shares of Allscripts Healthcare Solutions from $16.00 to $17.00 and gave the company 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 upped their price target for the stock from $13.00 to $16.00 in a research report on Monday, September 11th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $16.00 price target on shares of Allscripts Healthcare Solutions in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.06.
In other news, EVP Brian Farley sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $13.52, for a total transaction of $67,600.00. Following the transaction, the executive vice president now owns 196,607 shares of the company’s stock, valued at approximately $2,658,126.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Paul Black sold 15,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $13.52, for a total transaction of $202,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 71,796 shares of company stock valued at $992,992. 0.75% of the stock is owned by insiders.
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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.
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