Allscripts Healthcare Solutions Inc (MDRX) CEO Paul Black Acquires 24,765 Shares

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) CEO Paul Black purchased 24,765 shares of the stock in a transaction dated Wednesday, December 12th. The shares were bought at an average price of $10.10 per share, with a total value of $250,126.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Allscripts Healthcare Solutions stock opened at $10.39 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.61. Allscripts Healthcare Solutions Inc has a twelve month low of $9.24 and a twelve month high of $16.13. The firm has a market capitalization of $1.82 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings data on Thursday, November 1st. The software maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Allscripts Healthcare Solutions had a positive return on equity of 8.25% and a negative net margin of 0.25%. The business had revenue of $536.00 million during the quarter, compared to the consensus estimate of $546.09 million. During the same period in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. As a group, sell-side analysts predict that Allscripts Healthcare Solutions Inc will post 0.54 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on MDRX shares. Zacks Investment Research downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. SunTrust Banks downgraded shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. BidaskClub downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. Robert W. Baird lowered their price target on shares of Allscripts Healthcare Solutions from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, November 2nd. Finally, ValuEngine downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.51.

Institutional investors have recently modified their holdings of the stock. Avestar Capital LLC grew its stake in shares of Allscripts Healthcare Solutions by 24.1% in the third quarter. Avestar Capital LLC now owns 20,051 shares of the software maker’s stock worth $270,000 after purchasing an additional 3,899 shares during the last quarter. Rothschild & Co. Asset Management US Inc. bought a new stake in Allscripts Healthcare Solutions during the third quarter valued at $12,218,000. First Trust Advisors LP boosted its position in Allscripts Healthcare Solutions by 129.5% during the third quarter. First Trust Advisors LP now owns 143,024 shares of the software maker’s stock valued at $2,038,000 after acquiring an additional 80,698 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Allscripts Healthcare Solutions during the third quarter valued at $12,229,000. Finally, CWM LLC boosted its position in Allscripts Healthcare Solutions by 33.8% during the third quarter. CWM LLC now owns 230,869 shares of the software maker’s stock valued at $3,290,000 after acquiring an additional 58,323 shares during the last quarter.

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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.

See Also: Debt-To-Equity Ratio

Insider Buying and Selling by Quarter for Allscripts Healthcare Solutions (NASDAQ:MDRX)

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