Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.86.

A number of equities analysts have commented on MDRX shares. Robert W. Baird set a $13.00 target price on shares of Allscripts Healthcare Solutions and gave the stock a “buy” rating in a research note on Monday, August 12th. TheStreet upgraded shares of Allscripts Healthcare Solutions from a “d+” rating to a “c-” rating in a report on Friday, September 20th. UBS Group started coverage on shares of Allscripts Healthcare Solutions in a research report on Tuesday, November 26th. They set a “neutral” rating and a $11.50 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Allscripts Healthcare Solutions in a research report on Tuesday, November 5th. Finally, ValuEngine cut Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Monday, November 4th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Glen Harbor Capital Management LLC grew its position in Allscripts Healthcare Solutions by 7.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 17,504 shares of the software maker’s stock valued at $204,000 after acquiring an additional 1,248 shares in the last quarter. Tyers Asset Management LLC grew its holdings in shares of Allscripts Healthcare Solutions by 7.7% in the second quarter. Tyers Asset Management LLC now owns 24,068 shares of the software maker’s stock valued at $280,000 after purchasing an additional 1,716 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Allscripts Healthcare Solutions by 16.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,460 shares of the software maker’s stock worth $145,000 after buying an additional 1,800 shares during the period. Riverhead Capital Management LLC increased its stake in Allscripts Healthcare Solutions by 7.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 27,330 shares of the software maker’s stock worth $318,000 after buying an additional 1,900 shares during the period. Finally, Flinton Capital Management LLC lifted its holdings in Allscripts Healthcare Solutions by 7.7% during the 2nd quarter. Flinton Capital Management LLC now owns 30,632 shares of the software maker’s stock worth $356,000 after buying an additional 2,184 shares in the last quarter.

NASDAQ MDRX traded up $0.04 on Tuesday, reaching $10.06. 2,234,945 shares of the company were exchanged, compared to its average volume of 1,898,758. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $10.90 and its 200 day moving average price is $10.49. The stock has a market capitalization of $1.63 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.93 and a beta of 1.40. Allscripts Healthcare Solutions has a fifty-two week low of $8.54 and a fifty-two week high of $12.40.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its earnings results on Monday, November 4th. The software maker reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Allscripts Healthcare Solutions had a return on equity of 5.98% and a net margin of 12.00%. The business had revenue of $445.00 million during the quarter, compared to the consensus estimate of $450.04 million. During the same period last year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts forecast that Allscripts Healthcare Solutions will post 0.49 earnings per share for the current year.

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 (EHR), connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.

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Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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