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

Analysts at StockNews.com began coverage on shares of Veradigm (NASDAQ:MDRX) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the software maker’s stock.

Several other analysts also recently commented on the company. Royal Bank of Canada reduced their price objective on Veradigm from $22.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Barclays started coverage on Veradigm in a report on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 price objective (down previously from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.25.

Veradigm Stock Performance

NASDAQ:MDRX opened at $8.03 on Tuesday. Veradigm has a 52-week low of $5.01 and a 52-week high of $14.09. The stock’s 50 day moving average price is $7.77 and its 200 day moving average price is $9.97.

Institutional Trading of Veradigm

A number of hedge funds have recently bought and sold shares of the company. Creative Planning grew its holdings in Veradigm by 2,848.4% in the 3rd 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 period. Kent Lake Capital LLC grew its holdings in Veradigm by 62.2% in the fourth quarter. Kent Lake Capital LLC now owns 1,500,000 shares of the software maker’s stock valued at $15,735,000 after purchasing an additional 575,000 shares during the period. Burney Co. increased its position in Veradigm by 652.8% during the third quarter. Burney Co. now owns 234,094 shares of the software maker’s stock worth $3,076,000 after purchasing an additional 202,999 shares during the last quarter. Pacer Advisors Inc. raised its stake in 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 purchasing an additional 1,307,024 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Veradigm in the 3rd quarter valued at $825,000.

Veradigm Company 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.