Public Employees Retirement System of Ohio Sells 173,439 Shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX)

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Public Employees Retirement System of Ohio cut its holdings in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 63.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,044 shares of the software maker’s stock after selling 173,439 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Allscripts Healthcare Solutions were worth $1,175,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. lifted its position in Allscripts Healthcare Solutions by 114.3% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 75,000 shares of the software maker’s stock valued at $868,000 after acquiring an additional 40,000 shares in the last quarter. Texas Permanent School Fund raised its stake in Allscripts Healthcare Solutions by 1.8% during the 1st quarter. Texas Permanent School Fund now owns 116,332 shares of the software maker’s stock valued at $1,110,000 after buying an additional 2,001 shares during the last quarter. Comerica Bank raised its stake in Allscripts Healthcare Solutions by 5.9% during the 1st quarter. Comerica Bank now owns 156,682 shares of the software maker’s stock valued at $1,556,000 after buying an additional 8,744 shares during the last quarter. Rothschild & Co. Asset Management US Inc. raised its stake in Allscripts Healthcare Solutions by 6.1% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 1,139,996 shares of the software maker’s stock valued at $13,258,000 after buying an additional 65,924 shares during the last quarter. Finally, GAM Holding AG purchased a new stake in Allscripts Healthcare Solutions during the 1st quarter valued at $1,979,000.

MDRX traded up $0.29 during mid-day trading on Friday, reaching $10.68. 29,932 shares of the company traded hands, compared to its average volume of 1,412,213. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $1.75 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.05 and a beta of 1.38. Allscripts Healthcare Solutions Inc has a 52-week low of $8.54 and a 52-week high of $14.47. The company’s fifty day moving average price is $9.57 and its 200-day moving average price is $10.18.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $444.50 million during the quarter, compared to analyst estimates of $449.03 million. Allscripts Healthcare Solutions had a return on equity of 6.17% and a net margin of 9.85%. Allscripts Healthcare Solutions’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. As a group, sell-side analysts forecast that Allscripts Healthcare Solutions Inc will post 0.48 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of Allscripts Healthcare Solutions from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. BidaskClub upgraded shares of Allscripts Healthcare Solutions from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. TheStreet lowered shares of Allscripts Healthcare Solutions from a “c-” rating to a “d+” rating in a research note on Tuesday, August 13th. Jefferies Financial Group assumed coverage on shares of Allscripts Healthcare Solutions in a research note on Friday, August 23rd. They set a “buy” rating and a $13.00 target price for the company. Finally, Robert W. Baird set a $13.00 target price on shares of Allscripts Healthcare Solutions and gave the company a “buy” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.36.

Allscripts Healthcare Solutions Company Profile

Allscripts Healthcare Solutions, Inc provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), connectivity, private cloud hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions.

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

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