5 Cash-Rich Small Cap Stocks To Invest In

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

Number of Hedge Fund Holders: 30

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record technology. The company expects its fiscal year 2023 revenue to be between $640 million and $660 million, while its non-GAAP earnings per share is expected between around $0.90 and $1.00.

Earlier this December, Argus analyst David Coleman upgraded Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) to Buy from Hold with a $26 price target. According to the analyst, Allscripts’ cloud-based solutions have helped to meet the changing needs of patients and healthcare providers during the pandemic, and its increasing margins should continue to benefit from its fast-growing Veradigm business. He also believes that the company’s shares appear to be “attractively valued” at current prices.

According to Insider Monkey’s data, 30 hedge funds were long Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) at the end of Q3 2022, and Ken Fisher’s Fisher Asset Management held a prominent stake in the company, comprising 5.38 million shares worth approximately $82 million.