Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) has been given an average rating of “Hold” by the eleven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.10.
A number of analysts have weighed in on MDRX shares. Robert W. Baird set a $13.00 price target on Allscripts Healthcare Solutions and gave the stock a “buy” rating in a report on Monday, August 12th. TheStreet upgraded Allscripts Healthcare Solutions from a “d+” rating to a “c-” rating in a research note on Friday, September 20th. Evercore ISI restated a “hold” rating and issued a $11.50 target price on shares of Allscripts Healthcare Solutions in a research note on Sunday, August 11th. BidaskClub upgraded Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Allscripts Healthcare Solutions in a research note on Tuesday.
Institutional investors and hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Allscripts Healthcare Solutions in the 2nd quarter valued at about $26,000. Parallel Advisors LLC bought a new position in Allscripts Healthcare Solutions in the 2nd quarter valued at about $28,000. C M Bidwell & Associates Ltd. bought a new position in Allscripts Healthcare Solutions in the 2nd quarter valued at about $34,000. Sun Life Financial INC bought a new position in Allscripts Healthcare Solutions in the 2nd quarter valued at about $41,000. Finally, Quantamental Technologies LLC bought a new position in Allscripts Healthcare Solutions in the 2nd quarter valued at about $57,000.
Allscripts Healthcare Solutions stock traded down $0.09 during trading hours on Friday, reaching $11.18. 65,313 shares of the company’s stock were exchanged, compared to its average volume of 1,551,409. The company has a quick ratio of 0.91, a current ratio of 0.66 and a debt-to-equity ratio of 0.51. The firm’s 50 day simple moving average is $10.83 and its 200 day simple moving average is $10.39. Allscripts Healthcare Solutions has a twelve month low of $8.54 and a twelve month high of $12.40. The firm has a market capitalization of $1.89 billion, a PE ratio of 20.33, a PEG ratio of 2.62 and a beta of 1.39.
Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings results on Monday, November 4th. The software maker reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. Allscripts Healthcare Solutions had a return on equity of 5.98% and a net margin of 12.00%. The firm had revenue of $445.00 million during the quarter, compared to the consensus estimate of $450.04 million. During the same period last year, the business posted $0.18 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that Allscripts Healthcare Solutions will post 0.49 EPS for the current year.
Allscripts Healthcare Solutions Company 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.
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