On February 1, 2023, Piper Sandler downgraded their outlook for Allscripts Healthcare Solutions from Overweight to Neutral.
Analyst Price Forecast Suggests 23.53% Upside
As of February 2, 2023, the average one-year price target for Allscripts Healthcare Solutions is $21.42. The forecasts range from a low of $17.17 to a high of $27.30. The average price target represents an increase of 23.53% from its latest reported closing price of $17.34.
The projected annual revenue for Allscripts Healthcare Solutions is $670MM, a decrease of 56.20%. The projected annual EPS is $0.95, an increase of 79.74%.
What are large shareholders doing?
IJR - iShares Core S&P Small-Cap ETF holds 8,089,458 shares representing 7.40% ownership of the company. In it's prior filing, the firm reported owning 8,100,238 shares, representing a decrease of 0.13%. The firm increased its portfolio allocation in MDRX by 4.09% over the last quarter.
Fisher Asset Management holds 5,387,745 shares representing 4.93% ownership of the company. In it's prior filing, the firm reported owning 5,484,503 shares, representing a decrease of 1.80%. The firm increased its portfolio allocation in MDRX by 6.86% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,118,197 shares representing 2.85% ownership of the company. In it's prior filing, the firm reported owning 3,246,098 shares, representing a decrease of 4.10%. The firm increased its portfolio allocation in MDRX by 2.83% over the last quarter.
D. E. Shaw & holds 3,093,203 shares representing 2.83% ownership of the company. In it's prior filing, the firm reported owning 3,771,199 shares, representing a decrease of 21.92%. The firm decreased its portfolio allocation in MDRX by 38.25% over the last quarter.
Fuller & Thaler Asset Management holds 2,892,942 shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 2,841,368 shares, representing an increase of 1.78%. The firm increased its portfolio allocation in MDRX by 9.35% over the last quarter.
Fund Sentiment
There are 589 funds or institutions reporting positions in Allscripts Healthcare Solutions. This is a decrease of 18 owner(s) or 2.97%.
Average portfolio weight of all funds dedicated to US:MDRX is 0.1517%, a decrease of 6.7211%. Total shares owned by institutions increased in the last three months by 0.06% to 134,879K shares.
Allscripts Healthcare Solutions Background Information
(This description is provided by the company.)
Allscripts is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Its innovative solutions connect people, places and data across an Open, Connected Community of Health™. Connectivity empowers caregivers to make better decisions and deliver better care for healthier populations.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
