United Services Automobile Association trimmed its stake in shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,144,777 shares of the software maker’s stock after selling 5,643 shares during the quarter. United Services Automobile Association owned about 0.66% of Allscripts Healthcare Solutions worth $16,313,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC bought a new stake in shares of Allscripts Healthcare Solutions in the second quarter valued at about $105,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Allscripts Healthcare Solutions during the second quarter worth about $160,000. Avestar Capital LLC lifted its position in Allscripts Healthcare Solutions by 24.1% during the third quarter. Avestar Capital LLC now owns 20,051 shares of the software maker’s stock worth $270,000 after purchasing an additional 3,899 shares during the period. PEAK6 Investments L.P. bought a new stake in Allscripts Healthcare Solutions during the second quarter worth about $344,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Allscripts Healthcare Solutions during the second quarter worth about $350,000.
In other news, EVP Brian Farley sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $14.67, for a total value of $88,020.00. Following the completion of the transaction, the executive vice president now owns 242,673 shares of the company’s stock, valued at $3,560,012.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.
Shares of NASDAQ MDRX opened at $9.51 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. Allscripts Healthcare Solutions Inc has a 12 month low of $9.24 and a 12 month high of $16.13.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its earnings results on Thursday, November 1st. The software maker reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The business had revenue of $536.00 million for the quarter, compared to analyst estimates of $546.09 million. Allscripts Healthcare Solutions had a positive return on equity of 8.25% and a negative net margin of 0.25%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. On average, sell-side analysts predict that Allscripts Healthcare Solutions Inc will post 0.54 earnings per share for the current year.
MDRX has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. SunTrust Banks cut shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub cut shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, November 3rd. Robert W. Baird cut their price objective on shares of Allscripts Healthcare Solutions from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Finally, ValuEngine downgraded Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $15.51.
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Allscripts Healthcare Solutions Company Profile
Allscripts Healthcare Solutions, Inc provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records, connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.
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