Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) – Research analysts at SunTrust Banks lowered their FY2017 earnings per share estimates for shares of Allscripts Healthcare Solutions in a research note issued to investors on Tuesday. SunTrust Banks analyst S. Draper now anticipates that the firm will post earnings per share of $0.46 for the year, down from their previous estimate of $0.49.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity set a $19.00 target price on Allscripts Healthcare Solutions and gave the company a “buy” rating in a research note on Thursday, October 27th. Leerink Swann raised Allscripts Healthcare Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $16.00 to $17.00 in a research note on Tuesday, August 23rd. Morgan Stanley reaffirmed a “buy” rating on shares of Allscripts Healthcare Solutions in a research note on Thursday, August 25th. Cowen and Company cut Allscripts Healthcare Solutions from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $17.00 to $14.00 in a research note on Thursday, September 8th. Finally, Argus raised Allscripts Healthcare Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.47.

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

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Shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) opened at 11.19 on Thursday. The stock’s market cap is $2.07 billion. Allscripts Healthcare Solutions has a 1-year low of $9.80 and a 1-year high of $15.78. The stock’s 50 day moving average is $11.73 and its 200-day moving average is $12.85.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $392.40 million for the quarter, compared to analysts’ expectations of $414.92 million. Allscripts Healthcare Solutions had a negative net margin of 0.14% and a positive return on equity of 5.79%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Allscripts Healthcare Solutions by 4.1% in the second quarter. Vanguard Group Inc. now owns 14,103,114 shares of the company’s stock worth $179,110,000 after buying an additional 561,744 shares during the last quarter. Westpac Banking Corp raised its position in shares of Allscripts Healthcare Solutions by 0.7% in the third quarter. Westpac Banking Corp now owns 7,525,766 shares of the company’s stock worth $99,114,000 after buying an additional 54,701 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Allscripts Healthcare Solutions by 9.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,928,891 shares of the company’s stock worth $75,297,000 after buying an additional 518,897 shares during the last quarter. Fiduciary Management Inc. WI raised its position in shares of Allscripts Healthcare Solutions by 26.0% in the second quarter. Fiduciary Management Inc. WI now owns 4,101,075 shares of the company’s stock worth $52,084,000 after buying an additional 846,600 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Allscripts Healthcare Solutions by 1.3% in the third quarter. First Trust Advisors LP now owns 3,867,504 shares of the company’s stock worth $50,935,000 after buying an additional 49,576 shares during the last quarter.

WARNING: “Allscripts Healthcare Solutions Inc. (MDRX) to Post FY2017 Earnings of $0.46 Per Share, SunTrust Banks Forecasts” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2016/11/26/allscripts-healthcare-solutions-inc-mdrx-to-post-fy2017-earnings-of-0-46-per-share-suntrust-banks-forecasts.html.

In related news, CEO Paul Black sold 15,000 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $13.00, for a total value of $195,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,177,009 shares in the company, valued at $15,301,117. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James Hewitt sold 17,500 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $13.00, for a total value of $227,500.00. Following the completion of the transaction, the senior vice president now owns 158,104 shares of the company’s stock, valued at $2,055,352. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

About Allscripts Healthcare Solutions

Allscripts Healthcare Solutions, Inc delivers information technology (IT) and services to help healthcare organizations in clinical, financial and operational results. The Company operates through two segments: Clinical and Financial Solutions, and Population Health. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions, which primarily include electronic health record (EHR)-related software, financial and practice management software, related installation, support and maintenance, outsourcing, hosting, revenue cycle management, training and electronic claims administration services.

5 Day Chart for NASDAQ:MDRX

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