Keybank National Association OH lifted its position in shares of athenahealth, Inc. (NASDAQ:ATHN) by 80.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,412 shares of the health services provider’s stock after purchasing an additional 2,851 shares during the quarter. Keybank National Association OH’s holdings in athenahealth were worth $901,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in ATHN. Comerica Bank lifted its holdings in athenahealth by 0.6% in the 1st quarter. Comerica Bank now owns 2,487 shares of the health services provider’s stock valued at $302,000 after purchasing an additional 14 shares in the last quarter. Seven Bridges Advisors LLC raised its holdings in shares of athenahealth by 5.4% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock worth $183,000 after acquiring an additional 67 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of athenahealth by 2.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,156 shares of the health services provider’s stock worth $444,000 after acquiring an additional 67 shares during the period. State of Wisconsin Investment Board raised its holdings in shares of athenahealth by 0.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,868 shares of the health services provider’s stock worth $1,106,000 after acquiring an additional 70 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of athenahealth by 4.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,146 shares of the health services provider’s stock worth $302,000 after acquiring an additional 100 shares during the period.
athenahealth, Inc. (NASDAQ ATHN) opened at 130.87 on Friday. athenahealth, Inc. has a 12-month low of $90.11 and a 12-month high of $158.66. The stock has a market capitalization of $5.23 billion, a P/E ratio of 166.08 and a beta of 1.79. The stock has a 50 day moving average price of $139.35 and a 200-day moving average price of $128.79.
athenahealth (NASDAQ:ATHN) last released its quarterly earnings data on Thursday, July 20th. The health services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.12. The business had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Equities research analysts expect that athenahealth, Inc. will post $1.91 EPS for the current year.
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In related news, CEO Jonathan Bush sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $140.52, for a total value of $562,080.00. Following the completion of the sale, the chief executive officer now directly owns 319,807 shares in the company, valued at approximately $44,939,279.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan D. Porter sold 300 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $143.13, for a total transaction of $42,939.00. The disclosure for this sale can be found here. Insiders sold a total of 15,422 shares of company stock valued at $2,182,607 in the last 90 days. 3.20% of the stock is owned by corporate insiders.
A number of analysts recently issued reports on the company. Wells Fargo & Company reissued an “outperform” rating and set a $190.00 price objective (up from $130.00) on shares of athenahealth in a research report on Saturday, July 22nd. Evercore ISI restated an “outperform” rating and set a $163.00 target price (up previously from $155.00) on shares of athenahealth in a research note on Saturday, July 22nd. TheStreet upgraded athenahealth from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. First Analysis cut athenahealth from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $99.00 to $125.00 in a research note on Monday, July 24th. Finally, UBS AG reiterated a “positive” rating and issued a $175.00 price objective (up previously from $157.00) on shares of athenahealth in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $149.09.
athenahealth Company Profile
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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