Allscripts Healthcare Solutions Inc (MDRX) Expected to Post Q1 2018 Earnings of $0.11 Per Share

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) – Analysts at Dougherty & Co issued their Q1 2018 earnings per share estimates for Allscripts Healthcare Solutions in a note issued to investors on Friday. Dougherty & Co analyst G. Mannheimer forecasts that the software maker will post earnings per share of $0.11 for the quarter. Dougherty & Co also issued estimates for Allscripts Healthcare Solutions’ FY2019 earnings at $0.75 EPS.

Several other equities analysts have also commented on MDRX. KeyCorp reiterated a “hold” rating on shares of Allscripts Healthcare Solutions in a research note on Friday, October 27th. Robert W. Baird increased their price target on shares of Allscripts Healthcare Solutions from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Maxim Group reiterated a “buy” rating and issued a $16.00 price target on shares of Allscripts Healthcare Solutions in a research note on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating and issued a $16.00 price target on shares of Allscripts Healthcare Solutions in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.85.

Allscripts Healthcare Solutions (MDRX) opened at $13.83 on Monday. The company has a market cap of $2,498.82, a P/E ratio of -12.69, a price-to-earnings-growth ratio of 1.95 and a beta of 1.18. Allscripts Healthcare Solutions has a one year low of $11.25 and a one year high of $16.13. The company has a quick ratio of 0.98, a current ratio of 0.97 and a debt-to-equity ratio of 1.33.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its quarterly earnings results on Thursday, February 15th. The software maker reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $547.00 million for the quarter, compared to analyst estimates of $524.05 million. Allscripts Healthcare Solutions had a negative net margin of 10.88% and a positive return on equity of 7.36%. The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share.

In other news, President Richard J. Poulton sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $14.26, for a total transaction of $213,900.00. Following the transaction, the president now directly owns 1,351,773 shares in the company, valued at $19,276,282.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James Hewitt sold 36,796 shares of the firm’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 transaction, the senior vice president now owns 181,766 shares in the company, valued at $2,564,718.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,796 shares of company stock worth $804,842. Insiders own 0.91% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MDRX. UBS Asset Management Americas Inc. lifted its holdings in shares of Allscripts Healthcare Solutions by 3.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 124,552 shares of the software maker’s stock worth $1,812,000 after purchasing an additional 3,750 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Allscripts Healthcare Solutions by 2.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 150,166 shares of the software maker’s stock worth $2,185,000 after purchasing an additional 3,989 shares during the period. Tyers Asset Management LLC lifted its holdings in shares of Allscripts Healthcare Solutions by 30.3% during the fourth quarter. Tyers Asset Management LLC now owns 18,810 shares of the software maker’s stock worth $274,000 after purchasing an additional 4,378 shares during the period. ING Groep NV lifted its holdings in shares of Allscripts Healthcare Solutions by 23.3% during the fourth quarter. ING Groep NV now owns 27,263 shares of the software maker’s stock worth $397,000 after purchasing an additional 5,143 shares during the period. Finally, Flinton Capital Management LLC lifted its holdings in shares of Allscripts Healthcare Solutions by 30.3% during the fourth quarter. Flinton Capital Management LLC now owns 23,940 shares of the software maker’s stock worth $348,000 after purchasing an additional 5,572 shares during the period.

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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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