The Bancorp, Inc. (TBBK) Forms $10.22 Double Top; Blue Harbour Group LP Has Cut Allscripts Healthcare Solutn (MDRX) Stake

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) Logo

The Bancorp, Inc. (TBBK) formed double top with $11.14 target or 9.00% above today’s $10.22 share price. The Bancorp, Inc. (TBBK) has $573.85M valuation. The stock decreased 3.22% or $0.34 during the last trading session, reaching $10.22. About 303,797 shares traded. The Bancorp, Inc. (NASDAQ:TBBK) has risen 114.00% since April 4, 2017 and is uptrending. It has outperformed by 102.45% the S&P500.

Blue Harbour Group Lp decreased Allscripts Healthcare Solutn (MDRX) stake by 89.68% reported in 2017Q4 SEC filing. Blue Harbour Group Lp sold 3.47M shares as Allscripts Healthcare Solutn (MDRX)’s stock declined 17.90%. The Blue Harbour Group Lp holds 400,000 shares with $5.82M value, down from 3.87M last quarter. Allscripts Healthcare Solutn now has $2.16 billion valuation. The stock decreased 1.16% or $0.14 during the last trading session, reaching $11.92. About 3.61M shares traded or 77.10% up from the average. Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) has declined 6.63% since April 4, 2017 and is downtrending. It has underperformed by 18.18% the S&P500.

Since December 14, 2017, it had 0 insider buys, and 5 insider sales for $772,395 activity. The insider Black Paul sold $215,292. 15,000 Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) shares with value of $202,907 were sold by Poulton Richard J.. Farley Brian had sold 5,000 shares worth $68,629 on Wednesday, March 14.

Analysts await Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) to report earnings on May, 3. They expect $0.12 earnings per share, up 20.00% or $0.02 from last year’s $0.1 per share. MDRX’s profit will be $21.70 million for 24.83 P/E if the $0.12 EPS becomes a reality. After $0.14 actual earnings per share reported by Allscripts Healthcare Solutions, Inc. for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.18, from 1.16 in 2017Q3. It dropped, as 27 investors sold MDRX shares while 77 reduced holdings. 36 funds opened positions while 66 raised stakes. 187.17 million shares or 4.38% less from 195.75 million shares in 2017Q3 were reported. First Quadrant LP Ca holds 76,447 shares or 0.02% of its portfolio. Foundry Prns Limited Liability Company has 29,238 shares for 0.02% of their portfolio. Rhumbline Advisers has 372,806 shares. Royal Bancshares Of Canada invested in 0.01% or 1.65M shares. Pub Employees Retirement Systems Of Ohio invested in 0% or 11,882 shares. Engineers Gate Manager Limited Partnership, a New York-based fund reported 135,299 shares. S&T Bankshares Pa stated it has 703,223 shares. Genesee Valley Tru Communications has invested 0.07% in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX). Qs Invsts Ltd Com has 0% invested in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) for 4,137 shares. Advisory Ser Net Lc has invested 0% in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX). Neuberger Berman Gp Lc holds 0.06% of its portfolio in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) for 3.32M shares. Arizona State Retirement System stated it has 0.02% of its portfolio in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX). Strs Ohio has 10,300 shares for 0% of their portfolio. Wells Fargo & Mn reported 1.19 million shares. Cim Invest Mangement accumulated 40,776 shares or 0.2% of the stock.

Among 26 analysts covering Allscripts-Misys Healthcare (NASDAQ:MDRX), 13 have Buy rating, 1 Sell and 12 Hold. Therefore 50% are positive. Allscripts-Misys Healthcare had 67 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 10 by Maxim Group. Deutsche Bank downgraded the shares of MDRX in report on Thursday, November 10 to “Hold” rating. The company was maintained on Tuesday, January 5 by Topeka Capital Markets. The rating was maintained by Robert W. Baird on Friday, November 3 with “Outperform”. On Wednesday, September 16 the stock rating was initiated by Canaccord Genuity with “Buy”. The company was maintained on Wednesday, January 10 by RBC Capital Markets. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, March 6. The stock of Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) has “Overweight” rating given on Friday, October 28 by JP Morgan. The firm earned “Buy” rating on Friday, February 16 by Canaccord Genuity. Jefferies maintained the shares of MDRX in report on Monday, July 24 with “Buy” rating.

Blue Harbour Group Lp increased Ishares Tr (IWM) stake by 19,800 shares to 962,700 valued at $146.77M in 2017Q4. It also upped Adient Plc stake by 641,100 shares and now owns 6.55 million shares. Forest City Rlty Tr Inc was raised too.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.86, from 1.97 in 2017Q3. It dived, as 11 investors sold The Bancorp, Inc. shares while 35 reduced holdings. 17 funds opened positions while 34 raised stakes. 44.05 million shares or 9.03% more from 40.40 million shares in 2017Q3 were reported. Moreover, Price Michael F has 0.5% invested in The Bancorp, Inc. (NASDAQ:TBBK). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 3,597 shares. 1.17 million are held by Jpmorgan Chase. D E Shaw Com has 463,530 shares. Tiaa Cref Invest Mngmt Ltd Com stated it has 0% of its portfolio in The Bancorp, Inc. (NASDAQ:TBBK). Swiss National Bank holds 0% or 91,100 shares in its portfolio. Frontier Capital Management Lc holds 0.2% in The Bancorp, Inc. (NASDAQ:TBBK) or 2.82 million shares. Financial Bank Of Mellon Corporation invested in 0% or 296,979 shares. Comml Bank Of America De holds 0% or 291,269 shares in its portfolio. Goldman Sachs Inc holds 41,678 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement Sys invested in 0% or 15,877 shares. First Quadrant Limited Partnership Ca accumulated 0% or 1,260 shares. Davenport Ltd Llc owns 16,347 shares for 0% of their portfolio. Security National reported 690 shares. Thompson Siegel And Walmsley Ltd Limited Liability Company has invested 0.17% of its portfolio in The Bancorp, Inc. (NASDAQ:TBBK).

Among 4 analysts covering Bancorp (NASDAQ:TBBK), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Bancorp has $13.0 highest and $6.5000 lowest target. $10.88’s average target is 6.46% above currents $10.22 stock price. Bancorp had 13 analyst reports since August 27, 2015 according to SRatingsIntel. Piper Jaffray maintained The Bancorp, Inc. (NASDAQ:TBBK) rating on Thursday, October 26. Piper Jaffray has “Hold” rating and $8.0 target. On Wednesday, January 4 the stock rating was downgraded by BTIG Research to “Neutral”. Piper Jaffray maintained The Bancorp, Inc. (NASDAQ:TBBK) on Thursday, July 13 with “Hold” rating. The rating was upgraded by Raymond James to “Buy” on Friday, January 26. The rating was upgraded by Raymond James to “Outperform” on Monday, July 31. The stock of The Bancorp, Inc. (NASDAQ:TBBK) earned “Hold” rating by Sandler O’Neill on Friday, January 12. The stock of The Bancorp, Inc. (NASDAQ:TBBK) earned “Hold” rating by TheStreet on Thursday, August 27. Piper Jaffray maintained the shares of TBBK in report on Tuesday, February 13 with “Hold” rating. As per Tuesday, August 9, the company rating was upgraded by Raymond James. The rating was downgraded by Raymond James on Wednesday, February 1 to “Mkt Perform”.

Analysts await The Bancorp, Inc. (NASDAQ:TBBK) to report earnings on April, 26. They expect $0.20 EPS, up 81.82% or $0.09 from last year’s $0.11 per share. TBBK’s profit will be $11.23M for 12.78 P/E if the $0.20 EPS becomes a reality. After $0.10 actual EPS reported by The Bancorp, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Since February 15, 2018, it had 0 buys, and 1 sale for $52,974 activity. $52,974 worth of stock was sold by KOZLOV HERSH on Thursday, February 15.

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) Ratings Chart