Wells Fargo Upgrades Allscripts Healthcare Solutions Inc to Outperform

Brokerage firm Wells Fargo Upgrades its rating on Allscripts Healthcare Solutions Inc(MDRX). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Wells Fargo was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 13, 2017, Dougherty said it Upgrades its rating on Allscripts Healthcare Solutions Inc. The shares have been rated ‘Buy’ by the firm.

Allscripts Healthcare Solutions Inc (MDRX) made into the market gainers list on Fridays trading session with the shares advancing 3.19% or 0.37 points. Due to strong positive momentum, the stock ended at $11.98, which is also near the day’s high of $12.04. The stock began the session at $12.03 and the volume stood at 17,95,132 shares. The 52-week high of the shares is $15.17 and the 52 week low is $9.8. The company has a current market capitalization of $2,163 M and it has 18,05,13,090 shares in outstanding.

Allscripts Healthcare Solutions Inc(MDRX) last announced its earnings results on Feb 16, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $429.400M. Analysts had an estimated revenue of $423.810M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Mar 24, 2017, Brian Farley (SVP General Counsel & Corpora) sold 15,000 shares at $11.64 per share price.Also, On Sep 16, 2016, Paul Black (CEO) sold 15,000 shares at $13.00 per share price.On Sep 16, 2016, James Hewitt (SVP Development) sold 17,500 shares at $13.00 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.

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