Allscripts Healthcare Solutions (NASDAQ:MDRX) Lowered to “C” at TheStreet

TheStreet downgraded shares of Allscripts Healthcare Solutions (NASDAQ:MDRXGet Rating) from a b rating to a c rating in a research report released on Friday morning, TheStreetRatingsTable reports.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Allscripts Healthcare Solutions from a buy rating to a hold rating and set a $23.00 target price for the company. in a research note on Tuesday, March 29th. Piper Sandler lowered their target price on Allscripts Healthcare Solutions from $22.00 to $19.00 in a research note on Friday. SVB Leerink raised their target price on Allscripts Healthcare Solutions from $22.00 to $24.00 and gave the company an outperform rating in a research note on Thursday, March 3rd. StockNews.com cut Allscripts Healthcare Solutions from a buy rating to a hold rating in a research note on Monday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Allscripts Healthcare Solutions from a hold rating to a buy rating and raised their target price for the company from $20.00 to $26.00 in a research note on Friday, March 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $22.00.

NASDAQ MDRX opened at $18.12 on Friday. Allscripts Healthcare Solutions has a fifty-two week low of $13.05 and a fifty-two week high of $23.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $19.23. The stock has a market cap of $2.09 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98.

Allscripts Healthcare Solutions (NASDAQ:MDRXGet Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Allscripts Healthcare Solutions had a return on equity of 10.86% and a net margin of 11.60%. The business had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $139.67 million. During the same quarter last year, the business posted $0.13 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Sell-side analysts predict that Allscripts Healthcare Solutions will post 0.69 earnings per share for the current year.

In other Allscripts Healthcare Solutions news, CEO Paul Black sold 60,000 shares of Allscripts Healthcare Solutions stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $21.87, for a total value of $1,312,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard J. Poulton sold 10,000 shares of Allscripts Healthcare Solutions stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $20.83, for a total value of $208,300.00. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC increased its holdings in shares of Allscripts Healthcare Solutions by 389.6% in the 3rd quarter. Squarepoint Ops LLC now owns 219,482 shares of the software maker’s stock worth $2,934,000 after purchasing an additional 174,655 shares in the last quarter. Brandywine Oak Private Wealth LLC bought a new stake in shares of Allscripts Healthcare Solutions in the 4th quarter worth $265,000. Versor Investments LP increased its holdings in shares of Allscripts Healthcare Solutions by 22.6% in the 4th quarter. Versor Investments LP now owns 13,593 shares of the software maker’s stock worth $251,000 after purchasing an additional 2,507 shares in the last quarter. Gotham Asset Management LLC grew its holdings in shares of Allscripts Healthcare Solutions by 5.1% in the third quarter. Gotham Asset Management LLC now owns 49,207 shares of the software maker’s stock worth $658,000 after acquiring an additional 2,379 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Allscripts Healthcare Solutions by 5.5% in the third quarter. Teacher Retirement System of Texas now owns 22,491 shares of the software maker’s stock worth $301,000 after acquiring an additional 1,163 shares during the period.

Allscripts Healthcare Solutions Company Profile (Get Rating)

Allscripts Healthcare Solutions, Inc, together with its subsidiaries, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.

See Also

Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

Receive News & Ratings for Allscripts Healthcare Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allscripts Healthcare Solutions and related companies with MarketBeat.com's FREE daily email newsletter.