A Director at Allscripts (NASDAQ: MDRX) is Buying Shares

By Carrie Williams

Today, a Director at Allscripts (NASDAQ: MDRX), Michael Klayko, bought shares of MDRX for $50.08K.

This is Klayko’s first transaction since reporting a Sell transaction on PMCS back in December 2015 Following this transaction Michael Klayko’s holding in the company was increased by 3.38% to a total of $1.48 million.

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Based on Allscripts’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $514 million and GAAP net loss of $39.87 million. In comparison, last year the company earned revenue of $413 million and had a GAAP net loss of $19.98 million. Currently, Allscripts has an average volume of 2.44M.

22 different firms, including Argus Research and Avondale, currently also have a Buy rating on the stock. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $16.80, reflecting a -26.0% downside.

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Allscripts Healthcare Solutions, Inc. engages in the provision of clinical, financial, connectivity, information solutions, and related professional services. It operates through the following segments: Clinical and Financial Solutions; Population Health; and Netsmart.