Northwestern Mutual Investment Management Company LLC lowered its position in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) by 7.7% in the first quarter, Holdings Channel reports. The fund owned 30,481 shares of the software maker’s stock after selling 2,545 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Allscripts Healthcare Solutions were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Allscripts Healthcare Solutions by 31.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,192 shares of the software maker’s stock valued at $59,000 after purchasing an additional 1,464 shares in the last quarter. ETF Managers Group LLC boosted its holdings in Allscripts Healthcare Solutions by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 10,561 shares of the software maker’s stock worth $102,000 after buying an additional 1,440 shares in the last quarter. Magnus Financial Group LLC purchased a new position in Allscripts Healthcare Solutions during the fourth quarter valued at $111,000. Connable Office Inc. acquired a new stake in Allscripts Healthcare Solutions during the first quarter worth about $114,000. Finally, QS Investors LLC increased its position in Allscripts Healthcare Solutions by 5,105.5% during the fourth quarter. QS Investors LLC now owns 12,337 shares of the software maker’s stock worth $119,000 after purchasing an additional 12,100 shares during the last quarter.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $10.00 price target on shares of Allscripts Healthcare Solutions in a research note on Thursday, May 2nd. BidaskClub upgraded shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research raised shares of Allscripts Healthcare Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allscripts Healthcare Solutions currently has a consensus rating of “Hold” and an average target price of $13.29.

Shares of Allscripts Healthcare Solutions stock traded down $0.20 during trading on Wednesday, reaching $10.27. The company’s stock had a trading volume of 23,672 shares, compared to its average volume of 2,146,281. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.12 and a beta of 1.21. Allscripts Healthcare Solutions Inc has a fifty-two week low of $8.54 and a fifty-two week high of $14.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.04.

Allscripts Healthcare Solutions (NASDAQ:MDRX) last announced its earnings results on Thursday, May 2nd. The software maker reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $432.00 million for the quarter, compared to analysts’ expectations of $436.47 million. Allscripts Healthcare Solutions had a net margin of 20.60% and a return on equity of 6.92%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. Analysts anticipate that Allscripts Healthcare Solutions Inc will post 0.48 earnings per share for the current year.

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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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