Discover Financial Services (DFS) Shareholder Quadrant Capital Management Has Decreased Its Stake by $1.74 Million as Market Value Declined; Allscripts Healthcare Solutions (MDRX) Shareholder Iridian Asset Management Has Lowered Its Holding

January 13, 2018 - By Winifred Garcia

Quadrant Capital Management Llc decreased its stake in Discover Financial Services (DFS) by 81.11% based on its latest 2017Q3 regulatory filing with the SEC. Quadrant Capital Management Llc sold 27,115 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 6,315 shares of the consumer services company at the end of 2017Q3, valued at $407,000, down from 33,430 at the end of the previous reported quarter. Quadrant Capital Management Llc who had been investing in Discover Financial Services for a number of months, seems to be less bullish one the $29.26 billion market cap company. The stock increased 0.19% or $0.15 during the last trading session, reaching $80.51. About 2.08 million shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since January 13, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

David Cohen decreased its stake in Allscripts Healthcare Solutions Inc (MDRX) by 4.61% based on its latest 2017Q3 regulatory filing with the SEC. Iridian Asset Management Llc sold 581,750 shares as the company’s stock declined 3.95% while stock markets rallied. The hedge fund run by David Cohen held 12.03M shares of the technology company at the end of 2017Q3, valued at $171.20 million, down from 12.61M at the end of the previous reported quarter. Iridian Asset Management Llc who had been investing in Allscripts Healthcare Solutions Inc for a number of months, seems to be less bullish one the $2.90B market cap company. The stock increased 0.56% or $0.09 during the last trading session, reaching $16.03. About 1.44 million shares traded. Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) has declined 8.32% since January 13, 2017 and is downtrending. It has underperformed by 25.02% the S&P500.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It is negative, as 71 investors sold DFS shares while 261 reduced holdings. 58 funds opened positions while 197 raised stakes. 301.28 million shares or 2.91% less from 310.30 million shares in 2017Q2 were reported. Bluecrest Management invested in 47,863 shares or 0.13% of the stock. Acadian Asset Mgmt Ltd Com stated it has 1,250 shares. 7,456 are owned by Clinton Inc. Foster And Motley holds 0.79% of its portfolio in Discover Financial Services (NYSE:DFS) for 71,610 shares. Peapack Gladstone Corporation has 5,944 shares for 0.02% of their portfolio. Df Dent Co stated it has 1.29% in Discover Financial Services (NYSE:DFS). First Interstate Comml Bank accumulated 0.03% or 2,303 shares. Advsrs Ltd Ltd holds 0.01% or 555 shares. Landscape Capital Mgmt Ltd Liability Company invested in 22,927 shares. Moreover, Agf has 0.01% invested in Discover Financial Services (NYSE:DFS) for 8,000 shares. Rathbone Brothers Public Limited Co owns 224,393 shares or 0.63% of their US portfolio. Robecosam Ag accumulated 160,581 shares. Raymond James & has invested 0.05% in Discover Financial Services (NYSE:DFS). Moreover, Shamrock Asset Limited Liability Company has 0.01% invested in Discover Financial Services (NYSE:DFS) for 283 shares. Northwest Inv Counselors Ltd Liability holds 50 shares.

Among 31 analysts covering Discover Financial Services (NYSE:DFS), 21 have Buy rating, 1 Sell and 9 Hold. Therefore 68% are positive. Discover Financial Services had 77 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Wednesday, April 12 with “Hold”. On Wednesday, October 25 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Keefe Bruyette & Woods maintained the shares of DFS in report on Thursday, December 21 with “Buy” rating. Jefferies maintained the shares of DFS in report on Tuesday, July 18 with “Buy” rating. The firm has “Hold” rating given on Friday, October 6 by BMO Capital Markets. On Wednesday, January 10 the stock rating was maintained by Jefferies with “Buy”. Wedbush upgraded Discover Financial Services (NYSE:DFS) on Wednesday, December 7 to “Outperform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, October 25 report. DA Davidson initiated it with “Buy” rating and $63 target in Wednesday, January 13 report. The stock of Discover Financial Services (NYSE:DFS) has “Hold” rating given on Thursday, June 1 by BMO Capital Markets.

Analysts await Discover Financial Services (NYSE:DFS) to report earnings on January, 23. They expect $1.53 EPS, up 9.29% or $0.13 from last year’s $1.4 per share. DFS’s profit will be $555.98M for 13.16 P/E if the $1.53 EPS becomes a reality. After $1.59 actual EPS reported by Discover Financial Services for the previous quarter, Wall Street now forecasts -3.77% negative EPS growth.

Since September 14, 2017, it had 0 insider buys, and 6 sales for $974,699 activity. 15,000 shares valued at $215,292 were sold by Black Paul on Thursday, December 14. The insider Farley Brian sold $71,727.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.29, from 1.45 in 2017Q2. It dived, as 22 investors sold MDRX shares while 72 reduced holdings. 44 funds opened positions while 65 raised stakes. 195.75 million shares or 0.88% less from 197.48 million shares in 2017Q2 were reported. First Quadrant Lp Ca reported 62,300 shares. Quantitative Invest Mngmt Llc has 0.02% invested in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) for 144,800 shares. 381,113 are held by Rhumbline Advisers. Int Group Inc Incorporated holds 0.02% in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) or 491,321 shares. 26,663 are owned by Magnetar Limited Liability Company. Services Automobile Association has 0.03% invested in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) for 813,045 shares. Paloma Partners Management has invested 0.01% in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX). Boston Prns holds 0.03% of its portfolio in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) for 1.88 million shares. Panagora Asset owns 7,949 shares. Oppenheimer Asset Mgmt reported 6,913 shares. Broadview Advsr Ltd Liability owns 148,250 shares. Nationwide Fund Advsrs holds 0.03% or 539,813 shares in its portfolio. Jacobs Levy Equity Management reported 1.08 million shares or 0.3% of all its holdings. Weaver C Barksdale Associates has 0.01% invested in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) for 632 shares. Gotham Asset Ltd Liability has 0.01% invested in Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX).

Iridian Asset Management Llc, which manages about $11.52B and $11.71B US Long portfolio, upped its stake in Western Digital Corp (NASDAQ:WDC) by 278,951 shares to 5.92 million shares, valued at $511.55M in 2017Q3, according to the filing. It also increased its holding in Murphy Usa Inc (NYSE:MUSA) by 146,269 shares in the quarter, for a total of 2.35M shares, and has risen its stake in Martin Marietta Materials Inc (NYSE:MLM).

Analysts await Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) to report earnings on February, 15. They expect $0.13 EPS, up 30.00% or $0.03 from last year’s $0.1 per share. MDRX’s profit will be $23.49M for 30.83 P/E if the $0.13 EPS becomes a reality. After $0.12 actual EPS reported by Allscripts Healthcare Solutions, Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

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