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Allscripts Healthcare Solutions (NASDAQ:MDRX) was upgraded by stock analysts at ValuEngine from a sell rating to a hold rating in a research report issued to clients and investors on Wednesday, December 11th, ValuEngine reports.

A number of other equities analysts have also recently weighed in on MDRX. Cantor Fitzgerald reissued a neutral rating on shares of Allscripts Healthcare Solutions in a research report on Tuesday, November 5th. Jefferies Financial Group began coverage on Allscripts Healthcare Solutions in a research note on Friday, August 23rd. They issued a buy rating and a $13.00 price target on the stock. TheStreet raised shares of Allscripts Healthcare Solutions from a d+ rating to a c- rating in a report on Friday, September 20th. Deutsche Bank initiated coverage on shares of Allscripts Healthcare Solutions in a research report on Thursday, September 26th. They set a hold rating and a $11.00 price target on the stock. Finally, Zacks Investment Research upgraded Allscripts Healthcare Solutions from a hold rating to a buy rating and set a $11.00 price target for the company in a report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $11.63.

MDRX stock traded up $0.12 during midday trading on Wednesday, hitting $9.87. The stock had a trading volume of 80,372 shares, compared to its average volume of 2,466,840. Allscripts Healthcare Solutions has a 12-month low of $8.54 and a 12-month high of $12.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.66 and a quick ratio of 0.66. The companys 50-day moving average price is $10.41 and its 200 day moving average price is $10.45. The firm has a market cap of $1.59 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.90 and a beta of 1.40.

A number of hedge funds have recently added to or reduced their stakes in MDRX. Vanguard Group Inc. lifted its stake in Allscripts Healthcare Solutions by 2.2% during the second quarter. Vanguard Group Inc. now owns 16,523,536 shares of the software makers stock valued at $192,169,000 after buying an additional 363,005 shares in the last quarter. Fisher Asset Management LLC raised its stake in Allscripts Healthcare Solutions by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 4,647,875 shares of the software makers stock valued at $51,034,000 after purchasing an additional 154,114 shares during the period. Tamarack Advisers LP lifted its holdings in shares of Allscripts Healthcare Solutions by 7.6% in the third quarter. Tamarack Advisers LP now owns 4,225,000 shares of the software makers stock valued at $46,391,000 after purchasing an additional 300,000 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Allscripts Healthcare Solutions by 9.7% in the second quarter. Northern Trust Corp now owns 2,906,636 shares of the software makers stock valued at $33,804,000 after purchasing an additional 256,892 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its position in shares of Allscripts Healthcare Solutions by 1.9% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,903,700 shares of the software makers stock worth $22,140,000 after buying an additional 35,400 shares during the period.

About Allscripts Healthcare Solutions

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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Allscripts Healthcare Solutions (NASDAQ:MDRX) Upgraded to Hold by ValuEngine - Slater Sentinel