Veradigm (NASDAQ:MDRX) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Veradigm (NASDAQ:MDRX) in a research note issued to investors on Thursday. The firm issued a hold rating on the software maker’s stock.

Several other research firms also recently weighed in on MDRX. Royal Bank of Canada dropped their target price on shares of Veradigm from $22.00 to $11.00 and set an outperform rating for the company in a report on Friday, January 19th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a $10.00 price target (down 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. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $11.25.

Veradigm Stock Performance

NASDAQ:MDRX opened at $7.79 on Thursday. The firm has a 50-day moving average price of $7.76 and a two-hundred day moving average price of $9.49. Veradigm has a twelve month low of $5.01 and a twelve month high of $14.09.

Institutional Investors Weigh In On Veradigm

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Veradigm by 117.8% in the fourth quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock valued at $60,908,000 after purchasing an additional 3,140,483 shares during the period. Pacer Advisors Inc. grew its holdings in Veradigm by 108.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock valued at $26,399,000 after purchasing an additional 1,307,024 shares during the period. William Blair Investment Management LLC grew its holdings in Veradigm by 16.6% in the third quarter. William Blair Investment Management LLC now owns 4,375,005 shares of the software maker’s stock valued at $57,488,000 after purchasing an additional 623,438 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. Finally, Creative Planning grew its holdings in Veradigm by 2,848.4% in the third quarter. Creative Planning now owns 474,376 shares of the software maker’s stock valued at $6,233,000 after purchasing an additional 458,287 shares during the period.

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.