Veradigm Inc. (NASDAQ:MDRX) Receives Average Recommendation of “Hold” from Analysts

Veradigm Inc. (NASDAQ:MDRX) has received a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.25.

A number of brokerages have commented on MDRX. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $10.00 target price (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. StockNews.com started coverage on Veradigm in a report on Wednesday, May 1st. They set a “hold” rating for the company. Finally, Royal Bank of Canada dropped their target price on Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th.

Institutional Trading of Veradigm

Several large investors have recently added to or reduced their stakes in MDRX. PNC Financial Services Group Inc. lifted its holdings in shares of Veradigm by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 32,052 shares of the software maker’s stock worth $421,000 after purchasing an additional 836 shares during the period. Covestor Ltd lifted its stake in Veradigm by 10.3% during the 3rd quarter. Covestor Ltd now owns 10,336 shares of the software maker’s stock valued at $136,000 after acquiring an additional 966 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Veradigm by 1.8% in the 4th quarter. Teacher Retirement System of Texas now owns 74,821 shares of the software maker’s stock valued at $785,000 after acquiring an additional 1,331 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Veradigm by 8.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,068 shares of the software maker’s stock worth $264,000 after acquiring an additional 1,507 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Veradigm by 5.7% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,113 shares of the software maker’s stock worth $442,000 after purchasing an additional 2,263 shares during the last quarter.

Veradigm Price Performance

MDRX opened at $7.70 on Tuesday. Veradigm has a 12 month low of $5.01 and a 12 month high of $14.09. The stock has a fifty day moving average price of $7.69 and a 200-day moving average price of $9.62.

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.