Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Maxim Group in a research report issued to clients and investors on Friday. They presently have a $16.00 price objective on the software maker’s stock. Maxim Group’s price target would suggest a potential upside of 21.95% from the stock’s previous close.

A number of other research firms have also recently weighed in on MDRX. BidaskClub raised shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Leerink Swann cut shares of Allscripts Healthcare Solutions from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $15.00 to $13.00 in a research report on Monday, June 19th. Bank of America Corporation began coverage on shares of Allscripts Healthcare Solutions in a research report on Monday, May 15th. They issued a “neutral” rating and a $14.00 price objective for the company. Piper Jaffray Companies reissued a “hold” rating and issued a $14.00 price objective on shares of Allscripts Healthcare Solutions in a research report on Friday, July 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $13.00 price objective on shares of Allscripts Healthcare Solutions in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.66.

Allscripts Healthcare Solutions (NASDAQ MDRX) traded up 12.43% during mid-day trading on Friday, reaching $13.12. The company’s stock had a trading volume of 13,581,762 shares. The stock’s market capitalization is $2.38 billion. The stock’s 50 day moving average price is $12.46 and its 200 day moving average price is $12.12. Allscripts Healthcare Solutions has a 1-year low of $9.80 and a 1-year high of $15.17.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $426.10 million during the quarter, compared to analysts’ expectations of $424.94 million. Allscripts Healthcare Solutions had a negative net margin of 11.54% and a positive return on equity of 5.84%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. Analysts expect that Allscripts Healthcare Solutions will post $0.62 EPS for the current fiscal year.

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In other news, President Richard J. Poulton sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $12.06, for a total value of $301,500.00. Following the sale, the president now owns 412,488 shares in the company, valued at approximately $4,974,605.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans raised its stake in Allscripts Healthcare Solutions by 255.4% in the first quarter. Thrivent Financial For Lutherans now owns 111,780 shares of the software maker’s stock valued at $1,418,000 after buying an additional 80,330 shares during the period. Neuburgh Advisers LLC raised its stake in Allscripts Healthcare Solutions by 4.1% in the first quarter. Neuburgh Advisers LLC now owns 12,070 shares of the software maker’s stock valued at $153,000 after buying an additional 476 shares during the period. Canada Pension Plan Investment Board raised its stake in Allscripts Healthcare Solutions by 12.0% in the first quarter. Canada Pension Plan Investment Board now owns 82,200 shares of the software maker’s stock valued at $1,042,000 after buying an additional 8,800 shares during the period. Credit Agricole S A acquired a new stake in Allscripts Healthcare Solutions during the first quarter valued at $300,000. Finally, Virtu Financial LLC acquired a new stake in Allscripts Healthcare Solutions during the second quarter valued at $134,000.

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.

Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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