Illinois Municipal Retirement Fund Lowers Stock Holdings in Veradigm Inc. (NASDAQ:MDRX)

Illinois Municipal Retirement Fund decreased its position in shares of Veradigm Inc. (NASDAQ:MDRX) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,151 shares of the software maker’s stock after selling 3,670 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Veradigm worth $620,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd raised its position in Veradigm by 10.3% during the third quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock valued at $136,000 after purchasing an additional 966 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Veradigm during the third quarter valued at about $189,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Veradigm by 8.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,068 shares of the software maker’s stock valued at $264,000 after purchasing an additional 1,507 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Veradigm during the third quarter valued at about $313,000. Finally, AXQ Capital LP purchased a new stake in Veradigm during the third quarter valued at about $339,000.

Veradigm Price Performance

NASDAQ MDRX opened at $7.98 on Tuesday. Veradigm Inc. has a 1 year low of $5.01 and a 1 year high of $14.09. The business’s 50-day moving average is $7.74 and its 200 day moving average is $9.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays assumed coverage on Veradigm in a research report on Wednesday, January 3rd. They set an “equal weight” rating and a $11.00 price target on the stock. Royal Bank of Canada reduced their price objective on Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. StockNews.com initiated coverage on Veradigm in a research note on Tuesday, April 23rd. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Veradigm presently has a consensus rating of “Hold” and a consensus target price of $11.25.

Veradigm Profile

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.