athenahealth (NASDAQ:ATHN) released its quarterly earnings data on Friday. The health services provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10, Morningstar.com reports. The business had revenue of $331.40 million during the quarter, compared to analyst estimates of $336.98 million. athenahealth had a return on equity of 14.71% and a net margin of 8.71%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. athenahealth updated its FY 2018 guidance to EPS.
Shares of NASDAQ:ATHN traded down $4.53 during trading on Friday, reaching $120.35. 849,908 shares of the company’s stock traded hands, compared to its average volume of 557,273. athenahealth has a fifty-two week low of $116.77 and a fifty-two week high of $163.94. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.12 billion, a PE ratio of 76.66, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80.
In other news, insider Daniel P. Haley sold 2,204 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $127.23, for a total transaction of $280,414.92. Following the sale, the insider now directly owns 10,555 shares in the company, valued at approximately $1,342,912.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 2,654 shares of company stock worth $340,770 over the last 90 days. Insiders own 2.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Integrated Investment Consultants LLC acquired a new stake in athenahealth in the 2nd quarter worth about $150,000. Ropes Wealth Advisors LLC acquired a new stake in athenahealth in the 2nd quarter worth about $194,000. Campbell & CO Investment Adviser LLC acquired a new stake in athenahealth in the 2nd quarter worth about $206,000. Strs Ohio acquired a new stake in athenahealth in the 2nd quarter worth about $208,000. Finally, Hengehold Capital Management LLC acquired a new stake in athenahealth in the 2nd quarter worth about $214,000.
A number of equities analysts have weighed in on ATHN shares. BidaskClub lowered athenahealth from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price objective (up previously from $134.00) on shares of athenahealth in a research note on Tuesday, July 31st. Canaccord Genuity lifted their price objective on athenahealth from $125.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. Cowen reiterated a “hold” rating and set a $150.00 price objective on shares of athenahealth in a research note on Wednesday, August 1st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $145.00 price objective on shares of athenahealth in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $153.79.
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athenahealth Company Profile
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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