Athenahealth CEO Jonathan Bush Steps Down as Company Considers Sale

Athenahealth CEO Jonathan Bush leaves company

Athenahealth CEO Jonathan Bush Steps Down as Company Considers Sale

The stock of CACI International Inc (NYSE:CACI) has "Hold" rating given on Friday, February 2 by Noble Financial. Berenberg downgraded athenahealth, Inc. (NASDAQ:ATHN) for 182 shares. KS boosted its stake in shares of athenahealth by 0.4% in the third quarter. (NASDAQ:ATHN). Parkside Retail Bank holds 672 shares. Flinton Capital Management LLC now owns 1,168 shares of the health services provider's stock worth $167,000 after acquiring an additional 448 shares in the last quarter. JPMorgan Chase & Co. began coverage on shares of athenahealth in a research report on Tuesday, April 24th. Tiaa Cref Investment Mgmt Limited Com accumulated 143,045 shs or 0.01% of the stock.

New Amsterdam Partners Llc Ny holds 1.98% of its portfolio in CACI International Inc for 59,954 shares. Tokio Marine Asset Management Ltd invested in 0.2% or 7,800 shares.

In other news, SVP Jonathan D. Porter sold 422 shares of the company's stock in a transaction on Monday, May 7th. Dimensional Fund Advisors LP now owns 221,746 shares of the health services provider's stock worth $31,716,000 after acquiring an additional 2,927 shares in the last quarter. Dimensional Fund Limited Partnership holds 0.01% in athenahealth, Inc. (NASDAQ:ATHN) for 1,463 shares.

Since January 1, 0001, it had 0 buys, and 9 insider sales for $9.50 million activity.

Then earlier this week, Bloomberg brought to light allegations about Bush's behavior in the work environment. $165,383 worth of athenahealth, Inc. The rating was maintained by Piper Jaffray with "Buy" on Friday, February 16. Another trade for 2,235 shares valued at $309,995 was made by Armbrester Bradford Kyle on Thursday, March 1. The PT means a possible upside of 1.91 % from firm's previous close. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company.

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Ratings analysis reveals 29% of Athenahealth's analysts are positive. Deutsche Bank raised their price objective on athenahealth from $160.00 to $170.00 and gave the company a "hold" rating in a report on Tuesday, May 22nd. The stock's average target of $157.67 is -6.26% below today's ($168.2) share price. ATHN was included in 27 notes of analysts from December 8, 2017. On Thursday, February 15 the company was maintained by RBC Capital Markets. The rating was maintained by Canaccord Genuity with "Hold" on Monday, February 5. $64,693 worth of athenahealth, Inc. KeyBanc Capital Markets has "Buy" rating and $152.0 target. (NASDAQ:ATHN) has "Hold" rating given on Wednesday, February 14 by Cantor Fitzgerald. The rating was maintained by FBR Capital with "Hold" on Friday, February 2. The firm earned "Outperform" rating on Tuesday, May 8 by Robert W. Baird. 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. On Wednesday, June 6 the rating was maintained by Citigroup with "Hold". Jefferies maintained athenahealth, Inc.

The stock increased 3.88% or $5.86 during the last trading session, reaching $157. About 404,635 shares traded. athenahealth, Inc. ATHN is uptrending and has moved 14.89% since June 6, 2017. ATHN outperformed by 2.32% the S&P500.

Paradigm Asset Mngmt Ltd invested 0% in athenahealth, Inc. (NASDAQ:ATHN) to report earnings on July, 19. That is 121.43 % up compareed to $0.28 EPS for a year ago. ATHN's profit will be $25.05M for 63.31 P/E if the $0.62 EPS becomes a reality. After $0.99 actual EPS reported by athenahealth, Inc. for the previous quarter, Wall Street now forecasts -37.37 % negative EPS growth. Elliott Management, which has a roughly 9% stake in Athenahealth, offered almost $7 billion in May to purchase the company and has increased pressure on the board to accept the deal. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for electronic health record management to help manage patientÂ's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and well-known provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination 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.

Athenahealth's products include cloud-based electronic health records software, mobile apps, and patient engagement and care services for hospitals and outpatient care centers.

Shares of athenahealth spiked more than 4 percent yesterday.

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