Quantbot Technologies LP Takes Position in Allscripts Healthcare Solutions Inc (MDRX)

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.

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

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