Veradigm (NASDAQ:MDRX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Veradigm (NASDAQ:MDRXFree Report) in a research report sent to investors on Friday. The firm issued a hold rating on the software maker’s stock.

A number of other equities research analysts have also recently commented on MDRX. 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. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $10.00 price target (down previously from $15.00) on shares of Veradigm in a research report on Tuesday. Finally, Barclays started coverage on shares of Veradigm in a report on Wednesday, January 3rd. They set an equal weight rating and a $11.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $11.25.

Get Our Latest Stock Analysis on MDRX

Veradigm Stock Performance

NASDAQ:MDRX opened at $7.95 on Friday. The firm has a fifty day simple moving average of $8.33 and a two-hundred day simple moving average of $10.81. Veradigm has a 12 month low of $5.01 and a 12 month high of $14.09.

Hedge Funds Weigh In On Veradigm

Several large investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in shares of 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 last quarter. Burney Co. boosted its stake in shares of Veradigm by 652.8% in the 3rd quarter. Burney Co. now owns 234,094 shares of the software maker’s stock worth $3,076,000 after buying an additional 202,999 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Veradigm in the third quarter valued at approximately $825,000. William Blair Investment Management LLC increased its position in shares of Veradigm by 16.6% during 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 acquiring an additional 623,438 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Veradigm by 216.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 142,489 shares of the software maker’s stock worth $1,872,000 after acquiring an additional 97,432 shares during the period.

About Veradigm

(Get Free Report)

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.

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Analyst Recommendations for Veradigm (NASDAQ:MDRX)

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