Veradigm (NASDAQ:MDRX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Veradigm (NASDAQ:MDRX) in a research note issued on Thursday. The brokerage set a “hold” rating on the software maker’s stock.

Several other research firms also recently weighed in on MDRX. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 target price (down previously from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. Royal Bank of Canada dropped their target price on Veradigm from $22.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.25.

Veradigm Stock Up 1.3 %

Shares of MDRX stock opened at $7.61 on Thursday. Veradigm has a 52-week low of $5.01 and a 52-week high of $14.09. The company has a 50-day simple moving average of $7.71 and a two-hundred day simple moving average of $9.57.

Institutional Trading of Veradigm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Veradigm by 2,848.4% during the third quarter. Creative Planning now owns 474,376 shares of the software maker’s stock valued at $6,233,000 after buying an additional 458,287 shares during the last quarter. Kent Lake Capital LLC lifted its stake in Veradigm by 62.2% in the 4th quarter. Kent Lake Capital LLC now owns 1,500,000 shares of the software maker’s stock valued at $15,735,000 after buying an additional 575,000 shares in the last quarter. Burney Co. boosted its stake in shares of Veradigm by 652.8% in the third quarter. Burney Co. now owns 234,094 shares of the software maker’s stock worth $3,076,000 after acquiring an additional 202,999 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Veradigm by 108.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock worth $26,399,000 after buying an additional 1,307,024 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in Veradigm in the 3rd quarter valued at about $825,000.

About Veradigm

Veradigm Inc, a healthcare technology company, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.