Analysts Set Allscripts Healthcare Solutions Inc (MDRX) Price Target at $13.29

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Shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) have received an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.29.

MDRX has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. BidaskClub cut shares of Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Finally, Citigroup cut shares of Allscripts Healthcare Solutions from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $12.00 in a report on Friday, February 22nd.

Shares of Allscripts Healthcare Solutions stock opened at $10.53 on Friday. 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 has a 52-week low of $8.54 and a 52-week high of $14.97. The company has a market capitalization of $1.73 billion, a PE ratio of 19.15, a PEG ratio of 2.10 and a beta of 1.29.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its earnings results on Thursday, May 2nd. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Allscripts Healthcare Solutions had a net margin of 20.60% and a return on equity of 6.92%. The firm had revenue of $432.00 million for the quarter, compared to analysts’ expectations of $436.47 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue was down .4% on a year-over-year basis. As a group, analysts predict that Allscripts Healthcare Solutions will post 0.48 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Allscripts Healthcare Solutions by 159.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,977 shares of the software maker’s stock valued at $28,000 after acquiring an additional 1,828 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Allscripts Healthcare Solutions by 539.1% in the fourth quarter. Meeder Asset Management Inc. now owns 3,368 shares of the software maker’s stock valued at $32,000 after acquiring an additional 2,841 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Allscripts Healthcare Solutions by 31.0% in the first quarter. PNC Financial Services Group Inc. now owns 6,192 shares of the software maker’s stock valued at $59,000 after acquiring an additional 1,464 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Allscripts Healthcare Solutions by 864.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 684,189 shares of the software maker’s stock valued at $71,000 after acquiring an additional 613,215 shares in the last quarter. Finally, ETF Managers Group LLC boosted its holdings in Allscripts Healthcare Solutions by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 10,561 shares of the software maker’s stock valued at $102,000 after acquiring an additional 1,440 shares in 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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