Allscripts Healthcare Solutions Sees Unusually Large Options Volume (MDRX)

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 697 put options on the company. This is an increase of approximately 829% compared to the average daily volume of 75 put options.

Shares of Allscripts Healthcare Solutions (NASDAQ MDRX) opened at $15.18 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.98 and a quick ratio of 0.98. Allscripts Healthcare Solutions has a 12 month low of $10.24 and a 12 month high of $15.32. The company has a market cap of $2,750.00, a price-to-earnings ratio of -13.09, a PEG ratio of 2.12 and a beta of 1.32.

Several equities analysts have recently commented on MDRX shares. Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Citigroup started coverage on shares of Allscripts Healthcare Solutions in a research report on Thursday. They issued a “buy” rating for the company. Cowen upgraded shares of Allscripts Healthcare Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $13.00 to $16.00 in a research report on Monday, September 11th. Royal Bank of Canada started coverage on shares of Allscripts Healthcare Solutions in a research report on Tuesday, September 19th. They issued an “outperform” rating and a $17.00 target price for the company. Finally, Maxim Group restated a “buy” rating and issued a $16.00 target price on shares of Allscripts Healthcare Solutions in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Allscripts Healthcare Solutions presently has a consensus rating of “Buy” and a consensus price target of $14.94.

In other Allscripts Healthcare Solutions news, SVP James Hewitt sold 36,796 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $14.11, for a total value of $519,191.56. Following the completion of the sale, the senior vice president now owns 181,766 shares of the company’s stock, valued at approximately $2,564,718.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Richard J. Poulton sold 15,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $14.26, for a total transaction of $213,900.00. Following the completion of the sale, the president now directly owns 1,351,773 shares of the company’s stock, valued at approximately $19,276,282.98. The disclosure for this sale can be found here. Insiders sold a total of 56,796 shares of company stock valued at $804,842 in the last three months. Insiders own 0.75% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Atlantic Trust Group LLC boosted its stake in shares of Allscripts Healthcare Solutions by 0.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 32,900 shares of the software maker’s stock valued at $420,000 after purchasing an additional 110 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Allscripts Healthcare Solutions by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,484 shares of the software maker’s stock valued at $338,000 after purchasing an additional 115 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Allscripts Healthcare Solutions by 6.9% in the 2nd quarter. Bank of Montreal Can now owns 10,603 shares of the software maker’s stock valued at $135,000 after purchasing an additional 689 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Allscripts Healthcare Solutions by 3.8% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 32,297 shares of the software maker’s stock valued at $410,000 after purchasing an additional 1,189 shares during the last quarter. Finally, ETRADE Capital Management LLC boosted its stake in shares of Allscripts Healthcare Solutions by 4.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 38,612 shares of the software maker’s stock valued at $493,000 after purchasing an additional 1,710 shares during the last quarter.

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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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