Louisiana State Employees Retirement System Makes New Investment in Veradigm Inc. (NASDAQ:MDRX)

Louisiana State Employees Retirement System bought a new position in shares of Veradigm Inc. (NASDAQ:MDRX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,700 shares of the software maker’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Covestor Ltd grew its position in shares of Veradigm by 10.3% during the third quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock worth $136,000 after acquiring an additional 966 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Veradigm in the 3rd quarter valued at about $189,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Veradigm by 8.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,068 shares of the software maker’s stock valued at $264,000 after buying an additional 1,507 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in Veradigm in the 3rd quarter valued at about $313,000. Finally, AXQ Capital LP bought a new position in Veradigm in the 3rd quarter valued at about $339,000.

Veradigm Stock Up 0.1 %

MDRX stock opened at $7.96 on Monday. Veradigm Inc. 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 $7.75 and a two-hundred day moving average of $9.86.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MDRX shares. Royal Bank of Canada decreased their target price 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. 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 report on Tuesday, March 19th. StockNews.com started coverage on shares of Veradigm in a research report on Tuesday, April 23rd. They issued a “hold” rating for the company. Finally, Barclays started coverage on shares of Veradigm in a report on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 price target for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.25.

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.