FY2019 EPS Estimates for Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Boosted by William Blair

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) – William Blair lifted their FY2019 earnings per share (EPS) estimates for Allscripts Healthcare Solutions in a research report issued on Tuesday, November 5th. William Blair analyst J. Garro now expects that the software maker will post earnings per share of $0.49 for the year, up from their prior forecast of $0.48.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Allscripts Healthcare Solutions in a research note on Friday, August 23rd. They set a “buy” rating and a $13.00 target price for the company. Evercore ISI reissued a “hold” rating and set a $11.50 price target on shares of Allscripts Healthcare Solutions in a research report on Sunday, August 11th. TheStreet raised shares of Allscripts Healthcare Solutions from a “d+” rating to a “c-” rating in a research report on Friday, September 20th. Deutsche Bank assumed coverage on shares of Allscripts Healthcare Solutions in a research report on Thursday, September 26th. They issued a “hold” rating and a $11.00 target price for the company. Finally, ValuEngine downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.75.

MDRX traded down $0.06 on Friday, hitting $11.21. The company had a trading volume of 13,028 shares, compared to its average volume of 1,551,409. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.66 and a quick ratio of 0.91. Allscripts Healthcare Solutions has a 52-week low of $8.54 and a 52-week high of $12.40. The stock has a fifty day simple moving average of $10.83 and a 200-day simple moving average of $10.39. The firm has a market capitalization of $1.89 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.62 and a beta of 1.39.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its earnings results on Monday, November 4th. The software maker reported $0.17 earnings per share (EPS) for the quarter, hitting the 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 for the quarter, compared to the consensus estimate of $450.04 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDRX. Nomura Asset Management Co. Ltd. acquired a new stake in Allscripts Healthcare Solutions during the second quarter worth about $26,000. Parallel Advisors LLC acquired a new position in shares of Allscripts Healthcare Solutions during the second quarter valued at $28,000. C M Bidwell & Associates Ltd. acquired a new position in Allscripts Healthcare Solutions during the second quarter worth about $34,000. Sun Life Financial INC acquired a new position in Allscripts Healthcare Solutions during the second quarter worth about $41,000. Finally, Quantamental Technologies LLC acquired a new position in Allscripts Healthcare Solutions during the second quarter worth about $57,000.

About Allscripts Healthcare Solutions

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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Earnings History and Estimates for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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