The stock of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) is a huge mover today! About 8.14 million shares traded hands or 344.81% up from the average. Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) has declined 14.85% since April 4, 2016 and is downtrending. It has underperformed by 15.94% the S&P500.
The move comes after 8 months negative chart setup for the $1.92 billion company. It was reported on Nov, 4 by Barchart.com. We have $9.45 PT which if reached, will make NASDAQ:MDRX worth $153.60M less.
Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Ratings Coverage
Out of 16 analysts covering Allscripts-Misys Healthcare (NASDAQ:MDRX), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. Allscripts-Misys Healthcare has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Jefferies with “Buy” on Friday, October 16. The stock has “Hold” rating given by Topeka Capital Markets on Tuesday, January 5. The rating was upgraded by Leerink Swann on Tuesday, August 23 to “Outperform”. On Thursday, January 7 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was maintained by RBC Capital Markets on Friday, February 19 with “Outperform”. As per Wednesday, March 30, the company rating was upgraded by Morgan Stanley. The rating was maintained by Topeka Capital Markets on Wednesday, August 5 with “Hold”. The stock of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) has “Buy” rating given on Wednesday, September 16 by Canaccord Genuity. The stock of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) earned “Buy” rating by UBS on Thursday, October 6. JP Morgan initiated the shares of MDRX in a report on Tuesday, November 17 with “Overweight” rating.
According to Zacks Investment Research, “Allscripts Healthcare Solutions, Inc. offers clinical software, services, information and connectivity solutions that enable physicians and healthcare providers to deliver patients safety and clinical outcomes in the US. The Company provides intuitive clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and services for small to mid-sized practices. It also provides advanced clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and optimization services for large physician practices, academic medical centers and hospitals. In addition, the Company’s Health Systems Group has Emergency Department and care management systems for hospitals, as well as homecare and referral management solutions for post-acute providers. Allscripts is headquartered in Chicago, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 0.13, from 1.38 in 2016Q1. The ratio worsened, as 27 funds sold all Allscripts Healthcare Solutions Inc shares owned while 64 reduced positions. 25 funds bought stakes while 89 increased positions. They now own 185.59 million shares or 2.43% less from 190.21 million shares in 2016Q1.
Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt has 0.01% invested in the company for 63,200 shares. Janus Limited Liability holds 41,900 shares or 0% of its portfolio. Swiss Retail Bank last reported 299,200 shares in the company. Advsrs Asset Mgmt holds 0% or 5,000 shares in its portfolio. Glenhill Lc holds 13.73 million shares or 12.6% of its portfolio. Next Fin Inc holds 0% of its portfolio in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) for 640 shares. Dynamic Capital Ltd accumulated 0.13% or 89,915 shares. Paradigm Asset Co Llc holds 0% of its portfolio in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) for 50,424 shares. Hsbc Public Ltd Co has invested 0% of its portfolio in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX). Tributary Cap Management last reported 116,000 shares in the company. Morgan Stanley accumulated 0.01% or 1.51 million shares. Advantus Capital has 22,656 shares for 0.01% of their US portfolio. Moreover, Highlander Capital Management Lc has 0.01% invested in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) for 1,000 shares. Moreover, Gray Financial Group Inc Ga Adv Adv has 0% invested in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) for 16,090 shares. Archford Capital Strategies Limited Liability Corporation has invested 0% of its portfolio in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX).
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 7 selling transactions for $1.20 million net activity. Poulton Richard J. sold 10,000 shares worth $126,000. 17,500 Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) shares with value of $227,500 were sold by HEWITT JAMES. Black Paul sold $195,000 worth of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) on Thursday, September 15. 7,000 shares were sold by Olis Dennis, worth $98,000.
More news for Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) were recently published by: Wsj.com, which released: “Allscripts Healthcare Results Miss Expectations” on November 03, 2016. Nasdaq.com‘s article titled: “Allscripts Healthcare Solutions Inc. Announces 6% Gain In Q3 Earnings” and published on November 03, 2016 is yet another important article.
MDRX Company Profile
Allscripts Healthcare Solutions, Inc., incorporated on July 11, 2000, delivers information technology (IT) and services to help healthcare organizations in clinical, financial and operational results. The Firm operates through two divisions: Clinical and Financial Solutions, and Population Health. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions, which primarily include electronic health record (EHR)-related software, financial and practice management software, related installation, support and maintenance, outsourcing, hosting, revenue cycle management, training and electronic claims administration services. The Company’s Population Health segment includes the sale of health management and coordinated care solutions, which are mainly focused on hospitals, health systems, other care facilities and accountable care organizations (ACOs). These solutions enable clients to connect, transition, analyze, and coordinate care across the care community.
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