American Century Companies Inc. purchased a new position in athenahealth, Inc (NASDAQ:ATHN) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,437 shares of the health services provider’s stock, valued at approximately $2,138,000.
Several other large investors also recently modified their holdings of ATHN. Schwab Charles Investment Management Inc. raised its stake in shares of athenahealth by 5.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 229,027 shares of the health services provider’s stock valued at $36,448,000 after purchasing an additional 12,633 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of athenahealth by 18.9% during the second quarter. Canada Pension Plan Investment Board now owns 79,800 shares of the health services provider’s stock valued at $12,699,000 after purchasing an additional 12,700 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of athenahealth by 12.0% during the second quarter. ARK Investment Management LLC now owns 549,035 shares of the health services provider’s stock valued at $87,373,000 after purchasing an additional 58,631 shares in the last quarter. Strs Ohio bought a new stake in shares of athenahealth during the second quarter valued at about $208,000. Finally, Toronto Dominion Bank raised its stake in shares of athenahealth by 116.0% during the second quarter. Toronto Dominion Bank now owns 442,300 shares of the health services provider’s stock valued at $70,372,000 after purchasing an additional 237,500 shares in the last quarter.
Shares of athenahealth stock opened at $146.99 on Monday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.23. athenahealth, Inc has a 52 week low of $111.61 and a 52 week high of $163.94. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 93.62, a price-to-earnings-growth ratio of 2.59 and a beta of 0.95.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Monday, July 30th. The health services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.62 by $0.47. athenahealth had a net margin of 8.71% and a return on equity of 14.71%. The firm had revenue of $323.30 million for the quarter, compared to analysts’ expectations of $334.77 million. During the same period in the previous year, the business earned $0.51 earnings per share. athenahealth’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts predict that athenahealth, Inc will post 3.22 earnings per share for the current year.
ATHN has been the topic of a number of recent analyst reports. Cowen restated a “hold” rating and set a $150.00 price objective on shares of athenahealth in a research note on Wednesday, August 1st. Oppenheimer lifted their price objective on shares of athenahealth from $158.00 to $179.00 and gave the company an “outperform” rating in a research note on Tuesday, June 19th. BidaskClub upgraded shares of athenahealth from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Piper Jaffray Companies lifted their price objective on shares of athenahealth from $155.00 to $179.00 and gave the company an “overweight” rating in a research note on Wednesday, June 6th. Finally, Jefferies Financial Group set a $160.00 price objective on shares of athenahealth and gave the company a “hold” rating in a research note on Thursday, May 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $156.55.
athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
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