Teachers Advisors LLC Has $4.23 Million Position in Allscripts Healthcare Solutions, Inc. (MDRX)

Teachers Advisors LLC trimmed its position in shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 331,147 shares of the software maker’s stock after selling 58,023 shares during the period. Teachers Advisors LLC owned about 0.18% of Allscripts Healthcare Solutions worth $4,225,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MDRX. FNY Partners Fund LP grew its holdings in Allscripts Healthcare Solutions by 900.0% during the 1st quarter. FNY Partners Fund LP now owns 8,000 shares of the software maker’s stock valued at $101,000 after purchasing an additional 7,200 shares during the last quarter. Invictus RG bought a new position in Allscripts Healthcare Solutions during the 1st quarter valued at about $105,000. Virtu Financial LLC bought a new position in Allscripts Healthcare Solutions during the 2nd quarter valued at about $134,000. Bank of Montreal Can grew its holdings in Allscripts Healthcare Solutions by 6.9% during the 2nd quarter. Bank of Montreal Can now owns 10,603 shares of the software maker’s stock valued at $135,000 after purchasing an additional 689 shares during the last quarter. Finally, Harbour Capital Advisors LLC bought a new position in Allscripts Healthcare Solutions during the 1st quarter valued at about $136,000.

In other Allscripts Healthcare Solutions news, EVP Brian Farley sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $13.52, for a total transaction of $67,600.00. Following the completion of the transaction, the executive vice president now owns 196,607 shares in the company, valued at approximately $2,658,126.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Richard J. Poulton sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $13.56, for a total transaction of $203,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $473,800 in the last quarter. 0.75% of the stock is currently owned by company insiders.

A number of brokerages have commented on MDRX. Zacks Investment Research downgraded shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday. Dougherty & Co restated a “buy” rating and issued a $16.00 target price (up from $15.00) on shares of Allscripts Healthcare Solutions in a research note on Tuesday, October 3rd. Cantor Fitzgerald restated a “buy” rating and issued a $17.00 target price on shares of Allscripts Healthcare Solutions in a research note on Wednesday, September 27th. Royal Bank Of Canada began coverage on shares of Allscripts Healthcare Solutions in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, Cowen and Company upgraded shares of Allscripts Healthcare Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $13.00 to $16.00 in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.19.

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Shares of Allscripts Healthcare Solutions, Inc. (MDRX) opened at 13.86 on Friday. The company’s 50-day moving average is $13.67 and its 200-day moving average is $12.65. The stock’s market cap is $2.50 billion. Allscripts Healthcare Solutions, Inc. has a 52-week low of $9.80 and a 52-week high of $14.45.

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

Allscripts Healthcare Solutions Profile

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.

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

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