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

Equities researchers at StockNews.com began coverage on shares of Veradigm (NASDAQ:MDRX) in a note issued to investors on Tuesday. The firm set a “hold” rating on the software maker’s stock.

MDRX has been the subject of a number of other reports. Barclays started coverage on shares of Veradigm in a research note on Wednesday, January 3rd. They set an “equal weight” rating and a $11.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price target (down from $15.00) on shares of Veradigm in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada reduced their price target on shares of 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.25.

Veradigm Stock Up 1.1 %

MDRX stock opened at $7.68 on Tuesday. Veradigm has a one year low of $5.01 and a one year high of $14.09. The firm has a 50-day moving average of $7.77 and a two-hundred day moving average of $10.03.

Hedge Funds Weigh In On Veradigm

A number of hedge funds have recently added to or reduced their stakes in MDRX. Wellington Management Group LLP increased 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 worth $60,908,000 after buying an additional 3,140,483 shares during the last quarter. Pacer Advisors Inc. increased 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 worth $26,399,000 after buying an additional 1,307,024 shares during the last quarter. William Blair Investment Management LLC increased 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 worth $57,488,000 after buying an additional 623,438 shares during the last quarter. Kent Lake Capital LLC increased 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 worth $15,735,000 after buying an additional 575,000 shares during the last quarter. Finally, Creative Planning increased 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 worth $6,233,000 after buying an additional 458,287 shares during the last quarter.

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.