207,468 Shares in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Bought by GAM Holding AG

GAM Holding AG purchased a new position in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 207,468 shares of the software maker’s stock, valued at approximately $1,979,000. GAM Holding AG owned 0.12% of Allscripts Healthcare Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Shapiro Capital Management LLC increased its stake in Allscripts Healthcare Solutions by 196.2% during the 4th quarter. Shapiro Capital Management LLC now owns 10,938,150 shares of the software maker’s stock valued at $105,444,000 after purchasing an additional 7,245,100 shares in the last quarter. Tamarack Advisers LP increased its stake in Allscripts Healthcare Solutions by 56.4% during the 4th quarter. Tamarack Advisers LP now owns 3,050,000 shares of the software maker’s stock valued at $29,402,000 after purchasing an additional 1,100,000 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in Allscripts Healthcare Solutions by 51.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 3,041,292 shares of the software maker’s stock valued at $29,318,000 after purchasing an additional 1,029,138 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 valued at $24,234,000 after purchasing an additional 167,430 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Allscripts Healthcare Solutions in the 4th quarter worth $19,775,000.

MDRX has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $10.00 target price on shares of Allscripts Healthcare Solutions in a research note on Thursday, May 2nd. BidaskClub lowered shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Zacks Investment Research lowered shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Finally, ValuEngine lowered shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.29.

MDRX traded up $0.18 during trading on Friday, hitting $11.63. 2,553,893 shares of the company traded hands, compared to its average volume of 1,671,625. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.36 and a beta of 1.21. The firm’s fifty day moving average price is $10.43. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.59. Allscripts Healthcare Solutions Inc has a one year low of $8.54 and a one year high of $14.97.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $432.00 million during the quarter, compared to analyst estimates of $436.47 million. Allscripts Healthcare Solutions had a net margin of 20.60% and a return on equity of 6.92%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, research analysts anticipate that Allscripts Healthcare Solutions Inc will post 0.47 earnings per share for the current fiscal year.

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

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

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