Insider Selling: Allscripts Healthcare Solutions Inc (MDRX) SVP Sells $519,191.56 in Stock

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) SVP James Hewitt sold 36,796 shares of Allscripts Healthcare Solutions stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $14.11, for a total value of $519,191.56. Following the sale, the senior vice president now directly owns 181,766 shares in the company, valued at $2,564,718.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) opened at $13.99 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20. Allscripts Healthcare Solutions Inc has a 1 year low of $10.19 and a 1 year high of $14.51. The stock has a market cap of $2,524.11, a PE ratio of 32.49, a PEG ratio of 2.49 and a beta of 1.34.

A number of brokerages have recently commented on MDRX. Zacks Investment Research cut Allscripts Healthcare Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. SunTrust Banks reissued a “buy” rating and issued a $16.00 price target on shares of Allscripts Healthcare Solutions in a research report on Friday, November 3rd. Maxim Group reissued a “buy” rating and issued a $16.00 price target on shares of Allscripts Healthcare Solutions in a research report on Friday, November 3rd. Robert W. Baird boosted their price target on Allscripts Healthcare Solutions from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Allscripts Healthcare Solutions in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. Allscripts Healthcare Solutions currently has a consensus rating of “Hold” and an average target price of $15.06.

Large investors have recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of Allscripts Healthcare Solutions by 6.9% during the second quarter. Bank of Montreal Can now owns 10,603 shares of the software maker’s stock worth $135,000 after acquiring an additional 689 shares during the period. World Asset Management Inc boosted its stake in Allscripts Healthcare Solutions by 0.7% in the second quarter. World Asset Management Inc now owns 11,419 shares of the software maker’s stock valued at $146,000 after acquiring an additional 81 shares in the last quarter. ETF Managers Group LLC acquired a new stake in Allscripts Healthcare Solutions in the second quarter valued at approximately $152,000. Shelton Capital Management acquired a new stake in Allscripts Healthcare Solutions in the second quarter valued at approximately $170,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in shares of Allscripts Healthcare Solutions in the third quarter worth $174,000.

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About Allscripts Healthcare Solutions

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.

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