Engineers Gate Manager LP Raises Holdings in Allscripts Healthcare Solutions Inc (MDRX)

Engineers Gate Manager LP raised its position in shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 232,012 shares of the software maker’s stock after purchasing an additional 23,809 shares during the quarter. Engineers Gate Manager LP owned about 0.13% of Allscripts Healthcare Solutions worth $3,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. World Asset Management Inc boosted its stake in shares of Allscripts Healthcare Solutions by 0.7% during the 2nd quarter. World Asset Management Inc now owns 11,419 shares of the software maker’s stock worth $146,000 after acquiring an additional 81 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in shares of Allscripts Healthcare Solutions by 0.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 32,900 shares of the software maker’s stock worth $420,000 after acquiring an additional 110 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Allscripts Healthcare Solutions by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,484 shares of the software maker’s stock worth $338,000 after acquiring an additional 115 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of 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 worth $135,000 after acquiring an additional 689 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Allscripts Healthcare Solutions by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 339,736 shares of the software maker’s stock worth $4,335,000 after acquiring an additional 893 shares in the last quarter.

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald raised Allscripts Healthcare Solutions from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Tuesday, August 15th. Robert W. Baird raised their price objective on Allscripts Healthcare Solutions from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Allscripts Healthcare Solutions in a research note on Friday, October 27th. Zacks Investment Research lowered Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, SunTrust Banks reissued a “buy” rating and set a $16.00 price objective on shares of Allscripts Healthcare Solutions in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.06.

Shares of Allscripts Healthcare Solutions Inc (NASDAQ MDRX) opened at $13.97 on Wednesday. The company has a market capitalization of $2,563.86, a price-to-earnings ratio of 33.00, a PEG ratio of 2.53 and a beta of 1.34. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.20. Allscripts Healthcare Solutions Inc has a 12-month low of $10.19 and a 12-month high of $14.51.

In other news, EVP Brian Farley sold 5,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 196,607 shares of the company’s stock, valued at $2,658,126.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Richard J. Poulton sold 15,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $13.56, for a total value of $203,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,796 shares of company stock valued at $992,992. 0.91% of the stock is currently owned by insiders.

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Allscripts Healthcare Solutions Company 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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