BidaskClub downgraded shares of Allscripts Healthcare Solutions (NASDAQ:MDRX) from a buy rating to a hold rating in a research report sent to investors on Friday.

MDRX has been the subject of a number of other research reports. Cantor Fitzgerald lowered Allscripts Healthcare Solutions from an overweight rating to a neutral rating and set a $12.00 target price for the company. in a report on Thursday, November 1st. Zacks Investment Research upgraded Allscripts Healthcare Solutions from a sell rating to a hold rating in a report on Monday, January 21st. ValuEngine upgraded Allscripts Healthcare Solutions from a sell rating to a hold rating in a report on Wednesday, January 9th. Bank of America lowered their target price on Allscripts Healthcare Solutions from $16.50 to $15.00 and set a buy rating for the company in a report on Friday, November 2nd. Finally, Argus lowered Allscripts Healthcare Solutions from a buy rating to a hold rating in a report on Wednesday, November 14th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $15.31.

Allscripts Healthcare Solutions stock opened at $11.36 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 1.68 and a beta of 1.40. Allscripts Healthcare Solutions has a twelve month low of $8.54 and a twelve month high of $14.97.

In other Allscripts Healthcare Solutions news, Director Yancey L. Spruill purchased 12,000 shares of Allscripts Healthcare Solutions stock in a transaction dated Wednesday, December 12th. The shares were acquired at an average cost of $10.07 per share, with a total value of $120,840.00. Following the completion of the transaction, the director now owns 59,843 shares in the company, valued at approximately $602,619.01. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Paul Black purchased 24,765 shares of Allscripts Healthcare Solutions stock in a transaction dated Wednesday, December 12th. The shares were acquired at an average cost of $10.10 per share, for a total transaction of $250,126.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 37,728 shares of company stock worth $380,972. Insiders own 1.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in shares of Allscripts Healthcare Solutions by 539.1% during the fourth quarter. Meeder Asset Management Inc. now owns 3,368 shares of the software maker’s stock worth $32,000 after purchasing an additional 2,841 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Allscripts Healthcare Solutions by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 10,561 shares of the software maker’s stock valued at $102,000 after acquiring an additional 1,440 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Allscripts Healthcare Solutions by 580.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 17,861 shares of the software maker’s stock valued at $255,000 after acquiring an additional 15,238 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Allscripts Healthcare Solutions by 185.3% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 19,400 shares of the software maker’s stock valued at $187,000 after acquiring an additional 12,600 shares during the period. Finally, GAM Holding AG increased its position in shares of Allscripts Healthcare Solutions by 70.2% in the 3rd quarter. GAM Holding AG now owns 19,744 shares of the software maker’s stock valued at $281,000 after acquiring an additional 8,141 shares during the period.

Allscripts Healthcare Solutions Company Profile

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, connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.

Further Reading: Preferred Stock

Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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