Cwm LLC Cuts Stake in Allscripts Healthcare Solutions Inc (MDRX)

Cwm LLC decreased its stake in shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,820 shares of the software maker’s stock after selling 7,367 shares during the period. Cwm LLC owned approximately 0.11% of Allscripts Healthcare Solutions worth $2,762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Allscripts Healthcare Solutions by 1.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 5,062,035 shares of the software maker’s stock valued at $72,033,000 after purchasing an additional 49,823 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Allscripts Healthcare Solutions by 26.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,171,285 shares of the software maker’s stock valued at $117,026,000 after purchasing an additional 1,943,496 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Allscripts Healthcare Solutions by 53.3% during the 2nd quarter. Royal Bank of Canada now owns 955,183 shares of the software maker’s stock valued at $12,189,000 after purchasing an additional 331,967 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Allscripts Healthcare Solutions by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 14,824,640 shares of the software maker’s stock valued at $189,162,000 after purchasing an additional 181,721 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Allscripts Healthcare Solutions by 30.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 69,163 shares of the software maker’s stock valued at $883,000 after purchasing an additional 15,950 shares in the last quarter.

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) opened at $15.30 on Thursday. Allscripts Healthcare Solutions Inc has a 12-month low of $11.01 and a 12-month high of $16.13. The stock has a market cap of $2,760.80, a PE ratio of 35.53, a P/E/G ratio of 2.16 and a beta of 1.33. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Allscripts Healthcare Solutions had a negative net margin of 12.23% and a positive return on equity of 6.53%. equities analysts anticipate that Allscripts Healthcare Solutions Inc will post 0.46 earnings per share for the current year.

MDRX has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $17.00 target price on shares of Allscripts Healthcare Solutions in a research note on Wednesday, September 27th. Dougherty & Co reaffirmed a “buy” rating and set a $16.00 target price (up previously from $15.00) on shares of Allscripts Healthcare Solutions in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and set a $16.00 target price on shares of Allscripts Healthcare Solutions in a research note on Tuesday, October 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Allscripts Healthcare Solutions in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.53.

In other Allscripts Healthcare Solutions news, President Richard J. Poulton sold 15,000 shares of Allscripts Healthcare Solutions stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $14.26, for a total value of $213,900.00. Following the completion of the transaction, the president now directly owns 1,351,773 shares of the company’s stock, valued at $19,276,282.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James Hewitt sold 36,796 shares of Allscripts Healthcare Solutions stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $14.11, for a total transaction of $519,191.56. Following the completion of the transaction, the senior vice president now directly owns 181,766 shares of the company’s stock, valued at $2,564,718.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,796 shares of company stock valued at $804,842. 0.75% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Cwm LLC Cuts Stake in Allscripts Healthcare Solutions Inc (MDRX)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2018/01/18/cwm-llc-cuts-stake-in-allscripts-healthcare-solutions-inc-mdrx.html.

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.

Want to see what other hedge funds are holding MDRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allscripts Healthcare Solutions Inc (NASDAQ:MDRX).

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

Receive News & Ratings for Allscripts Healthcare Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allscripts Healthcare Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply