Allscripts Healthcare Solutions Inc (MDRX) is Upgraded by Leerink Partners to Outperform, Price Target at $17

Allscripts Healthcare Solutions Inc (MDRX) was Upgraded by Leerink Partners to ” Outperform” and the brokerage firm has set the Price Target at $17. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Leerink Partners advised their investors in a research report released on Aug 23, 2016.

On the company’s financial health, Allscripts Healthcare Solutions Inc reported $0.14 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.14. The company had revenue of $362.00 million for the quarter, compared to analysts expectations of $397.89 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Allscripts Healthcare Solutions Inc closed down -0.07 points or -0.55% at $12.63 with 29,77,133 shares getting traded on Friday. Post opening the session at $12.7, the shares hit an intraday low of $12.4 and an intraday high of $12.91 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jul 13, 2016, Dennis Olis (SVP of Operations) sold 7,000 shares at $14.00 per share price. According to the SEC, on Jul 6, 2016, James Hewitt (SVP Development) sold 17,500 shares at $13.00 per share price. On Jun 15, 2016, Richard J. Poulton (President) sold 10,000 shares at $13.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Allscripts Healthcare Solutions Inc. is engaged in engaged in delivering Information Technology (IT) and services. The Company sells its solutions to physicians hospitals governments health systems health plans retail clinics retail pharmacies pharmacy benefit managers and post-acute organizations such as home health and hospice agencies. The Company operates through three segments: Clinical and Financial Solutions Population Health and Managed Services. The Company’s solutions enable healthcare professionals with the data insights and connectivity. The Company offers Ambulatory Solutions Acute Care Solutions Population Health Management Solutions and services. Ambulatory solutions include Allscripts TouchWorks HER and Allscripts Professional HER among others. The Company’s acute care offers clinical access financial and departmental solutions. The Company designs its population health management solutions for hospitals health systems among others.

Allscripts Healthcare Solutions Inc

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