22,435 Shares in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Purchased by Cipher Capital LP

Cipher Capital LP bought a new stake in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,435 shares of the software maker’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Magnus Financial Group LLC grew its position in Allscripts Healthcare Solutions by 7.9% in the 2nd quarter. Magnus Financial Group LLC now owns 23,449 shares of the software maker’s stock valued at $159,000 after buying an additional 1,725 shares in the last quarter. Victory Capital Management Inc. grew its position in Allscripts Healthcare Solutions by 4.5% in the 1st quarter. Victory Capital Management Inc. now owns 52,274 shares of the software maker’s stock valued at $368,000 after buying an additional 2,251 shares in the last quarter. Legal & General Group Plc grew its position in Allscripts Healthcare Solutions by 0.9% in the 1st quarter. Legal & General Group Plc now owns 256,151 shares of the software maker’s stock valued at $1,803,000 after buying an additional 2,310 shares in the last quarter. ETF Managers Group LLC grew its position in Allscripts Healthcare Solutions by 11.4% in the 1st quarter. ETF Managers Group LLC now owns 28,882 shares of the software maker’s stock valued at $209,000 after buying an additional 2,960 shares in the last quarter. Finally, Fortem Financial Group LLC grew its position in Allscripts Healthcare Solutions by 18.7% in the 2nd quarter. Fortem Financial Group LLC now owns 18,973 shares of the software maker’s stock valued at $128,000 after buying an additional 2,994 shares in the last quarter.

Shares of MDRX opened at $8.83 on Friday. Allscripts Healthcare Solutions Inc has a one year low of $4.56 and a one year high of $11.82. The company has a 50-day moving average of $8.72 and a two-hundred day moving average of $7.15. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -26.76, a PEG ratio of 2.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, July 30th. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. Allscripts Healthcare Solutions had a negative net margin of 3.06% and a positive return on equity of 5.55%. The company had revenue of $406.20 million during the quarter, compared to analysts’ expectations of $399.80 million. Analysts anticipate that Allscripts Healthcare Solutions Inc will post 0.46 earnings per share for the current year.

A number of brokerages recently issued reports on MDRX. Goldman Sachs Group lowered shares of Allscripts Healthcare Solutions from a “neutral” rating to a “sell” rating and decreased their target price for the company from $6.50 to $5.50 in a research report on Tuesday, July 21st. SVB Leerink increased their target price on shares of Allscripts Healthcare Solutions from $6.00 to $10.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Deutsche Bank reduced their price objective on shares of Allscripts Healthcare Solutions from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 11th. JPMorgan Chase & Co. raised their price objective on shares of Allscripts Healthcare Solutions from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Finally, Royal Bank of Canada raised their price objective on shares of Allscripts Healthcare Solutions from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Allscripts Healthcare Solutions currently has an average rating of “Hold” and a consensus target price of $9.03.

Allscripts Healthcare Solutions 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.

Further Reading: Front-End Load

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

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