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Cwm LLC Buys Shares of 202391 Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)

Cwm LLC Buys Shares of 202391 Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX)

Flinton Capital Management LLC now owns 9,940 shares of the software maker's stock worth $126,000 after buying an additional 392 shares during the last quarter. Allscripts Healthcare Solutions updated its FY17 guidance to $0.61-0.63 EPS.

Other large investors have also recently added to or reduced their stakes in the company. The company also announced the acquisition of McKesson's Enterprise Solutions, which brings in a new inpatient EHR platform (Paragon) along with several additional solutions.

Allscripts executives say the purchase will enable it to increase its position in the healthcare IT industry and improve its ability to meet providers' needs. Capstone Asset Management Co. now owns 16,977 shares of the software maker's stock worth $215,000 after buying an additional 230 shares during the last quarter. Swiss National Bank invested 0% in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX). Boston Partners now owns 5,415,576 shares of the software maker's stock worth $69,102,000 after buying an additional 767,249 shares during the period. Share performance for the month is now at 3.63%. We have $14.59 PT which if reached, will make NASDAQ:MDRX worth $196.00M more. Based on a recent bid, the stock is trading -50.42% away from it's 52- week high and 18.80% away from its 52 week low. Tightening the gaze, stock performance for the last 5 trading days is 4.88%. The company surged its non-GAAP revenue outlook of between $1.71 billion and $1.74 billion to a range of between $1.79 billion and $1.82 billion.

"The healthcare IT market remains highly fragmented", says Paul M. Black, Allscripts' chief executive officer.

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Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.15 by $0.04. The company had revenue of $426.10 million during the quarter, compared to analysts' expectations of $424.94 million. The software maker reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. On average, equities analysts forecast that Allscripts Healthcare Solutions will post $0.62 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of U.S. and global trademark and copyright laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/05/allscripts-healthcare-solutions-inc-mdrx-position-cut-by-teachers-advisors-llc.html. This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. Piper Jaffray Companies reaffirmed a "hold" rating and issued a $14.00 price target on shares of Allscripts Healthcare Solutions in a report on Friday, July 21st. A rating of 4 or 5 would represent a Sell recommendation. Maxim Group reiterated a "buy" rating and issued a $16.00 price objective on shares of Allscripts Healthcare Solutions in a report on Friday. The analyst recommendations from a month ago are 1 Buy, 8 Strong Buy, 0 Sell, 1 Hold and 9. Citigroup maintained the stock with "Neutral" rating in Friday, May 13 report.

In other Allscripts Healthcare Solutions news, President Richard J. Poulton sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 16th. (NASDAQ:MDRX) shares typically trade an average volume of 2891.59 and institutions hold 95.30% of the total shares. Following the completion of the sale, the president now owns 412,488 shares in the company, valued at $4,974,605.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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, which primarily include electronic health record (EHR)-related software, financial and practice management software, related installation, support and maintenance, outsourcing, private cloud hosting, revenue cycle management, training and electronic claims administration services.


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