First Citizens Bank & Trust Co. Buys 16,698 Shares of Allscripts Healthcare Solutions, Inc. (MDRX)

First Citizens Bank & Trust Co. increased its stake in shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) by 104.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,696 shares of the software maker’s stock after buying an additional 16,698 shares during the period. First Citizens Bank & Trust Co.’s holdings in Allscripts Healthcare Solutions were worth $417,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Allscripts Healthcare Solutions during the fourth quarter valued at $28,999,000. First Trust Advisors LP increased its position in shares of Allscripts Healthcare Solutions by 48.0% in the first quarter. First Trust Advisors LP now owns 5,855,944 shares of the software maker’s stock valued at $74,253,000 after buying an additional 1,898,007 shares during the period. Fiduciary Management Inc. WI increased its position in shares of Allscripts Healthcare Solutions by 28.5% in the first quarter. Fiduciary Management Inc. WI now owns 6,045,110 shares of the software maker’s stock valued at $76,652,000 after buying an additional 1,341,870 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Allscripts Healthcare Solutions by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,227,789 shares of the software maker’s stock valued at $91,648,000 after buying an additional 621,620 shares during the period. Finally, Blue Jay Capital Management LLC acquired a new position in shares of Allscripts Healthcare Solutions during the first quarter valued at $7,481,000.

Shares of Allscripts Healthcare Solutions, Inc. (NASDAQ MDRX) opened at 13.00 on Thursday. Allscripts Healthcare Solutions, Inc. has a one year low of $9.80 and a one year high of $13.70. The stock’s market capitalization is $2.35 billion. The company has a 50-day moving average of $12.51 and a 200 day moving average of $12.20.

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

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MDRX has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Maxim Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Friday, May 5th. Bank of America Corporation initiated coverage on shares of Allscripts Healthcare Solutions in a research note on Monday, May 15th. They set a “neutral” rating and a $14.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Monday, May 15th. Finally, BidaskClub raised shares of Allscripts Healthcare Solutions from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.59.

About Allscripts Healthcare Solutions

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.

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

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