Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Given Consensus Rating of “Hold” by Brokerages

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) has been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $12.36.

A number of brokerages recently issued reports on MDRX. TheStreet downgraded shares of Allscripts Healthcare Solutions from a “c-” rating to a “d+” rating in a research note on Tuesday, August 13th. BidaskClub upgraded shares of Allscripts Healthcare Solutions from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. Evercore ISI reiterated a “hold” rating and issued a $11.50 price target on shares of Allscripts Healthcare Solutions in a research note on Sunday, August 11th. Jefferies Financial Group began coverage on shares of Allscripts Healthcare Solutions in a research note on Friday, August 23rd. They issued a “buy” rating and a $13.00 price target for the company. Finally, ValuEngine downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Friday, July 26th.

Allscripts Healthcare Solutions stock traded up $0.04 during trading on Thursday, reaching $10.41. The stock had a trading volume of 115,240 shares, compared to its average volume of 1,439,840. Allscripts Healthcare Solutions has a 52-week low of $8.54 and a 52-week high of $14.82. The business has a 50 day moving average price of $9.57 and a 200 day moving average price of $10.18. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.77 billion, a PE ratio of 18.93, a P/E/G ratio of 2.07 and a beta of 1.38.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Allscripts Healthcare Solutions had a net margin of 9.85% and a return on equity of 6.17%. The company had revenue of $444.50 million during the quarter, compared to the consensus estimate of $449.03 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Allscripts Healthcare Solutions will post 0.48 EPS for the current fiscal year.

Several large investors have recently modified their holdings of MDRX. Geode Capital Management LLC lifted its position in shares of Allscripts Healthcare Solutions by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 2,513,987 shares of the software maker’s stock worth $24,234,000 after buying an additional 167,430 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Allscripts Healthcare Solutions by 0.6% during the 1st quarter. Rhumbline Advisers now owns 535,370 shares of the software maker’s stock worth $5,107,000 after buying an additional 3,112 shares during the last quarter. Comerica Bank lifted its position in shares of Allscripts Healthcare Solutions by 5.9% during the 1st quarter. Comerica Bank now owns 156,682 shares of the software maker’s stock worth $1,556,000 after buying an additional 8,744 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Allscripts Healthcare Solutions by 1.8% during the 1st quarter. Texas Permanent School Fund now owns 116,332 shares of the software maker’s stock worth $1,110,000 after buying an additional 2,001 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Allscripts Healthcare Solutions by 8.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,073 shares of the software maker’s stock worth $1,527,000 after buying an additional 12,520 shares during the last quarter.

About Allscripts Healthcare Solutions

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

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Analyst Recommendations for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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