Investment analysts at Citigroup began coverage on shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the software maker’s stock.
Other analysts have also issued research reports about the stock. Dougherty & Co reiterated a “buy” rating and issued a $16.00 price objective (up previously from $15.00) on shares of Allscripts Healthcare Solutions in a research note on Tuesday, October 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $17.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, November 7th. SunTrust Banks reiterated a “buy” rating and issued a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Friday, November 3rd. Finally, Maxim Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research note 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’s stock. The company has a consensus rating of “Buy” and a consensus target price of $14.94.
Shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) opened at $15.11 on Thursday. The firm has a market cap of $2,706.60, a price-to-earnings ratio of -13.03, a PEG ratio of 2.12 and a beta of 1.33. Allscripts Healthcare Solutions has a 52 week low of $10.24 and a 52 week high of $15.21. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.20.
Hedge funds have recently modified their holdings of the business. TimesSquare Capital Management LLC increased its position in shares of Allscripts Healthcare Solutions by 1,322.5% during the second quarter. TimesSquare Capital Management LLC now owns 4,039,900 shares of the software maker’s stock valued at $51,549,000 after acquiring an additional 3,755,900 shares during the last quarter. First Trust Advisors LP increased its position in shares of Allscripts Healthcare Solutions by 111.5% during the fourth quarter. First Trust Advisors LP now owns 6,809,932 shares of the software maker’s stock valued at $104,737,000 after acquiring an additional 3,590,772 shares during the last quarter. Norges Bank acquired a new stake in shares of Allscripts Healthcare Solutions during the fourth quarter valued at about $28,999,000. Iridian Asset Management LLC CT increased its position in shares of Allscripts Healthcare Solutions by 26.5% during the fourth quarter. Iridian Asset Management LLC CT now owns 13,268,624 shares of the software maker’s stock valued at $135,473,000 after acquiring an additional 2,781,219 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Allscripts Healthcare Solutions during the third quarter valued at about $35,840,000.
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Allscripts Healthcare Solutions Company Profile
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.
