Institutional Move: As Allscripts Healthcare Solution (MDRX) Valuation Rose, Shareholder Paradigm Capital Management INC Has Lifted Stake

Institutional Move: As Allscripts Healthcare Solution (MDRX) Valuation Rose, Shareholder Paradigm Capital Management INC Has Lifted Stake

Paradigm Capital Management Inc increased its stake in Allscripts Healthcare Solution (MDRX) by 66.24% based on its latest 2016Q3 regulatory filing with the SEC. Paradigm Capital Management Inc bought 740,800 shares as the company’s stock rose 1.07% with the market. The institutional investor held 1.86M shares of the technology company at the end of 2016Q3, valued at $24.49 million, up from 1.12 million at the end of the previous reported quarter. Paradigm Capital Management Inc who had been investing in Allscripts Healthcare Solution for a number of months, seems to be bullish on the $2.20B market cap company. The stock increased 9.37% or $1.01 during the last trading session, hitting $11.79. Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) has declined 12.41% since June 7, 2016 and is downtrending. It has underperformed by 19.83% the S&P500.

Paradigm Capital Management Inc, which manages about $953.04 million US Long portfolio, decreased its stake in Silicon Graphics International (NASDAQ:SGI) by 1.60 million shares to 1.26 million shares, valued at $9.74 million in 2016Q3, according to the filing.

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q3. Its down 0.26, from 1.25 in 2016Q2. The ratio dropped, as 28 funds sold all MDRX shares owned while 78 reduced positions. 32 funds bought stakes while 73 increased positions. They now own 189.44 million shares or 2.07% more from 185.59 million shares in 2016Q2. Engineers Gate Manager LP last reported 0.2% of its portfolio in the stock. Advsrs Asset holds 4,500 shares or 0% of its portfolio. Thrivent Financial For Lutherans holds 29,190 shares or 0% of its portfolio. Guggenheim Cap Ltd Liability Corp has 0.01% invested in the company for 143,407 shares. Retirement Systems Of Alabama owns 240,408 shares or 0.02% of their US portfolio. Balyasny Asset Mngmt Limited Liability Com last reported 0.12% of its portfolio in the stock. Dynamic Mngmt Ltd holds 0.21% or 125,537 shares in its portfolio. Cipher Cap LP has 321,001 shares for 0.26% of their US portfolio. Jane Street Gp Limited Liability Corp holds 0% or 10,214 shares in its portfolio. Bank Of Mellon Corp last reported 0.02% of its portfolio in the stock. Broadview Advsr Limited Com has 1.11M shares for 2.07% of their US portfolio. Invesco holds 0% of its portfolio in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) for 403,748 shares. Paradigm Asset Mgmt Communications Ltd Liability Corporation holds 0% of its portfolio in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) for 50,424 shares. Rtw Invs Ltd Liability holds 19.43% of its portfolio in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) for 948,286 shares. Archford Capital Strategies Lc accumulated 100 shares or 0% of the stock.

Insider Transactions: Since September 13, 2016, the stock had 0 insider buys, and 3 sales for $548,500 net activity. 15,000 Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) shares with value of $195,000 were sold by Black Paul. On Thursday, September 15 HEWITT JAMES sold $227,500 worth of the stock or 17,500 shares. Poulton Richard J. also sold $126,000 worth of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) shares.

Another recent and important Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) news was published by Foxbusiness.com which published an article titled: “Why Illumina, Brookdale Senior Living, and Allscripts Healthcare Solutions …” on January 10, 2017.

According to Zacks Investment Research, “Allscripts Healthcare Solutions, Inc. offers clinical software, services, information and connectivity solutions that enable physicians and healthcare providers to deliver patients safety and clinical outcomes in the US. The Company provides intuitive clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and services for small to mid-sized practices. It also provides advanced clinical and business solutions including Electronic Health Records, practice management, revenue cycle management, document management, electronic prescribing, clinical trials and optimization services for large physician practices, academic medical centers and hospitals. In addition, the Company’s Health Systems Group has Emergency Department and care management systems for hospitals, as well as homecare and referral management solutions for post-acute providers. Allscripts is headquartered in Chicago, Illinois.”

Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Ratings Coverage

Out of 19 analysts covering Allscripts-Misys Healthcare (NASDAQ:MDRX), 9 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 47% are positive. $19.0 is the highest target while $12 is the lowest. The $15.37 average target is 30.36% above today’s ($11.79) stock price. Allscripts-Misys Healthcare has been the topic of 30 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, September 16 by Canaccord Genuity. The stock of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) has “Outperform” rating given on Tuesday, August 23 by Leerink Swann. Argus Research upgraded the shares of MDRX in a report on Monday, August 24 to “Buy” rating. As per Thursday, October 6, the company rating was initiated by UBS. The stock of Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) has “Overweight” rating given on Friday, October 28 by JP Morgan. The stock has “Neutral” rating given by Citigroup on Friday, May 13. The firm has “Outperform” rating given on Thursday, January 7 by RBC Capital Markets. The company was maintained on Wednesday, August 5 by RBC Capital Markets. Morgan Stanley downgraded the stock to “Underweight” rating in Tuesday, December 13 report. The rating was maintained by Topeka Capital Markets with “Hold” on Tuesday, January 5.

MDRX Company Profile

Allscripts Healthcare Solutions, Inc., incorporated on July 11, 2000, delivers information technology (IT) and services to help healthcare organizations in clinical, financial and operational results. The Firm operates through two divisions: Clinical and Financial Solutions, and Population Health. The Clinical and Financial Solutions segment includes the sale of integrated clinical software applications and financial and information solutions, which primarily include electronic health record (EHR)-related software, financial and practice management software, related installation, support and maintenance, outsourcing, hosting, revenue cycle management, training and electronic claims administration services. The Company’s Population Health segment includes the sale of health management and coordinated care solutions, which are mainly focused on hospitals, health systems, other care facilities and accountable care organizations (ACOs). These solutions enable clients to connect, transition, analyze, and coordinate care across the care community.

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