Engineers Gate Manager LP increased its stake in shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) by 460.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,203 shares of the software maker’s stock after buying an additional 171,084 shares during the period. Engineers Gate Manager LP owned 0.11% of Allscripts Healthcare Solutions worth $2,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDRX. Bank of Montreal Can lifted its position in Allscripts Healthcare Solutions by 60.2% during the 1st quarter. Bank of Montreal Can now owns 9,914 shares of the software maker’s stock worth $126,000 after buying an additional 3,724 shares in the last quarter. Capstone Asset Management Co. lifted its position in Allscripts Healthcare Solutions by 1.4% during the 1st quarter. Capstone Asset Management Co. now owns 16,977 shares of the software maker’s stock worth $215,000 after buying an additional 230 shares in the last quarter. Retirement Systems of Alabama lifted its position in Allscripts Healthcare Solutions by 41.8% during the 1st quarter. Retirement Systems of Alabama now owns 338,843 shares of the software maker’s stock worth $4,297,000 after buying an additional 99,827 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Allscripts Healthcare Solutions by 1.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 65,356 shares of the software maker’s stock worth $829,000 after buying an additional 900 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Allscripts Healthcare Solutions by 12.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 82,200 shares of the software maker’s stock worth $1,042,000 after buying an additional 8,800 shares in the last quarter.

Shares of Allscripts Healthcare Solutions, Inc. (NASDAQ MDRX) opened at 13.05 on Friday. Allscripts Healthcare Solutions, Inc. has a 52 week low of $9.80 and a 52 week high of $13.70. The company’s market capitalization is $2.36 billion. The stock has a 50 day moving average price of $12.75 and a 200-day moving average price of $12.32.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.04. The company had revenue of $426.10 million during the quarter, compared to analyst estimates of $424.94 million. Allscripts Healthcare Solutions had a positive return on equity of 5.97% and a negative net margin of 11.54%. Allscripts Healthcare Solutions’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities research analysts expect that Allscripts Healthcare Solutions, Inc. will post $0.62 EPS for the current year.

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Several brokerages recently issued reports on MDRX. Bank of America Corporation began coverage on shares of Allscripts Healthcare Solutions in a research report on Monday, May 15th. They set a “neutral” rating and a $14.00 price target on the stock. Cantor Fitzgerald upgraded shares of Allscripts Healthcare Solutions from a “neutral” rating to an “overweight” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 15th. Leerink Swann downgraded shares of Allscripts Healthcare Solutions from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $15.00 to $13.00 in a research report on Monday, June 19th. BidaskClub upgraded shares of Allscripts Healthcare Solutions from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.63.

Allscripts Healthcare Solutions 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.

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Institutional Ownership by Quarter for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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