market folly

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13G with the SEC regarding shares of Allscripts Healthcare Solutions (MDRX).  Per the filing, Eminence has revealed a 5.1% ownership stake in MDRX with over 9.2 million shares.

This marks an increase of over 847,000 shares in their position since the end of the first quarter.  The filing was made due to activity on June 3rd.

You can view other recent portfolio activity from Eminence here.

Per Google Finance, Allscripts Healthcare Solutions "is a provider of clinical, financial, connectivity and information solutions and related professional services to hospitals, physicians and post-acute organizations. The Company provides a variety of integrated clinical software applications for hospitals, physician practices and post-acute organizations. For hospitals and health systems these applications include its Sunrise Enterprise suite of clinical solutions, consisting of a range of acute care Electronic Health Record (EHR), integrated with financial/administrative solutions, including performance management and revenue cycle/access management. The Company’s acute care solutions include Emergency Department Information System (EDIS), care management and discharge management."