Legal & General Group Plc Sells 13,204 Shares of Allscripts Healthcare Solutions, Inc. (MDRX)

Legal & General Group Plc reduced its position in shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,485 shares of the software maker’s stock after selling 13,204 shares during the period. Legal & General Group Plc owned about 0.10% of Allscripts Healthcare Solutions worth $2,406,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDRX. FNY Partners Fund LP boosted its position in shares of Allscripts Healthcare Solutions by 900.0% during the first quarter. FNY Partners Fund LP now owns 8,000 shares of the software maker’s stock worth $101,000 after buying an additional 7,200 shares during the period. Invictus RG acquired a new position in shares of Allscripts Healthcare Solutions during the first quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Allscripts Healthcare Solutions by 9.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,434 shares of the software maker’s stock worth $120,000 after buying an additional 816 shares during the period. Bank of Montreal Can boosted its position in shares of Allscripts Healthcare Solutions by 60.2% during the first quarter. Bank of Montreal Can now owns 9,914 shares of the software maker’s stock worth $126,000 after buying an additional 3,724 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Allscripts Healthcare Solutions during the second quarter worth about $134,000.

Several research analysts have recently weighed in on MDRX shares. BidaskClub raised Allscripts Healthcare Solutions from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Leerink Swann cut Allscripts Healthcare Solutions from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $15.00 to $13.00 in a research report on Monday, June 19th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.00 price objective on shares of Allscripts Healthcare Solutions in a research report on Friday, July 21st. Maxim Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research report on Friday, August 4th. Finally, Morgan Stanley upped their price objective on Allscripts Healthcare Solutions from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Allscripts Healthcare Solutions has an average rating of “Buy” and a consensus price target of $14.94.

Shares of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) opened at 13.65 on Thursday. Allscripts Healthcare Solutions, Inc. has a 1-year low of $9.80 and a 1-year high of $13.97. The firm has a 50-day moving average price of $13.01 and a 200 day moving average price of $12.40. The company’s market cap is $2.47 billion.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, August 3rd. The software maker reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $426.10 million during the quarter, compared to analysts’ expectations of $424.94 million. During the same quarter in the previous year, the firm earned $0.14 EPS. Allscripts Healthcare Solutions’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Allscripts Healthcare Solutions, Inc. will post $0.62 EPS for the current fiscal year.

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In other news, CEO Paul Black sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $13.52, for a total value of $202,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian Farley sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $13.52, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock worth $473,800 in the last 90 days. Company insiders own 0.75% of the company’s stock.

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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