Athenahealth CEO steps down in wake of past abuse allegations

Jonathan Bush co-founder chairman and chief executive officer of Athenahealth Inc. speaks during an interviewed in Washington on Oct. 5 2011. MUST CREDIT Bloomberg

It increased, as 23 investors sold athenahealth, Inc. shares while 65 reduced holdings. 53 funds acquired stakes and 61 increased stakes. Qs Investors Lc reported 0% stake. Bell Savings Bank holds 0.17% in athenahealth, Inc. (NASDAQ:ATHN). Germany-based Deutsche National Bank Ag has invested 0.01% in athenahealth, Inc. (NASDAQ:ATHN) for 69,630 shares.

Large investors have recently bought and sold shares of the company. (NASDAQ:ATHN) shares were sold by Haley Daniel P. $996,800 worth of athenahealth, Inc. First Republic Inv Mgmt, a California-based fund reported 9,329 shares.

The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.71 and a current ratio of 2.71. Utah Retirement System has invested 0.02% in athenahealth, Inc. (NASDAQ:ATHN) on Tuesday, May 15 to "Hold" rating. Sumitomo Mitsui Asset Mngmt Comm reported 290,345 shares or 0.61% of all its holdings. Finally, Northeast Investment Management boosted its stake in shares of athenahealth by 1.7% in the third quarter. Amalgamated Retail Bank holds 0.03% or 8,434 shares in its portfolio. Commonwealth Equity Services Inc now owns 4,769 shares of the health services provider's stock valued at $601,000 after buying an additional 1,629 shares during the last quarter. Shares for $420,596 were sold by O'Brien Timothy John on Thursday, March 1. 800 shares were sold by Hull Brandon H, worth $107,896 on Tuesday, January 2. Elliott has offered $160 per share for the firm, valuing it at $6.5 billion. (NASDAQ:ATHN) has "Neutral" rating given on Tuesday, April 24 by JP Morgan. Out of 10 Wall Street analysts rating Caci International, 7 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold".

Ratings analysis reveals 70% of Caci International's analysts are positive. The stock's average target of $150.18 is -4.05% below today's ($156.52) share price. Athenahealth had 27 analyst reports since December 8, 2017 according to SRatingsIntel. RBC Capital Markets maintained the shares of ATHN in report on Thursday, February 15 with "Hold" rating. Leerink Swann set a $150.00 price objective on athenahealth and gave the company a "hold" rating in a research report on Tuesday, May 8th. The company was maintained on Monday, April 30 by Citigroup. On Friday, February 2 the stock rating was maintained by Piper Jaffray with "Buy". On Wednesday, February 7 Cantor Fitzgerald maintained the shares of ATHN in report with "Hold" rating. (NASDAQ:ATHN). Boston Private Wealth Ltd Liability Com has invested 0.01% in athenahealth, Inc. (NASDAQ:ATHN) on Monday, May 14 with "Hold" rating. On Tuesday, May 22 Deutsche Bank maintained athenahealth, Inc. In Thursday, May 24 report Cantor Fitzgerald maintained the stock with "Hold" rating. Cantor Fitzgerald has "Hold" rating and $14000 target.

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The stock decreased 0.24% or $0.4 during the last trading session, reaching $168.2. About 1.04 million shares traded or 92.82% up from the average. athenahealth, Inc. (NASDAQ:ATHN) has risen 14.89% since June 6, 2017 and is uptrending. ATHN outperformed the S&P 500 by 2.32%. Hanson & Doremus Investment has invested 0.01% in athenahealth, Inc.

ATHN has been the topic of several analyst reports. The firm posted $0.96 earnings per share (EPS) for the three-month period, surpassing analysts' consensus estimate of $0.71 by $0.25. CACI's profit will be $40.75M for 25.48 P/E if the $1.65 EPS becomes a reality. -37.37 % negative EPS growth is what Wall Street's forecasts after $0.99 reported EPS last quarter. In the last 90 days, insiders have sold 41,979 shares of company stock valued at $6,244,631.

Athenahealth (NASDAQ: ATHN) has more than 5,000 employees, and its corporate model is to partner with hospital and ambulatory clients, offering medical record, revenue cycle, patient engagement, care coordination, and population health services. The company has a market cap of $4.34 billion, a P/E ratio of 214.49 and a beta of 1.77. athenahealth, Inc has a 1-year low of $90.11 and a 1-year high of $142.40. The firm also provides athenahealth Population Health, a cloud population health service; and Epocrates service that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, and market research.

Athenahealth operates a call center in Belfast, Maine, that employs about 1,000 workers. "As the company explores alternatives, I'm sure there will be multiple financial sponsors interested in taking a look, and Cerner is a logical strategic option", she notes, adding that Cerner has publicly stated their lack of interest in athenahealth.

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