Victory Capital Management Inc. Buys 8,710 Shares of Veradigm Inc. (NASDAQ:MDRX)

Victory Capital Management Inc. boosted its stake in shares of Veradigm Inc. (NASDAQ:MDRX) by 27.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,947 shares of the software maker’s stock after acquiring an additional 8,710 shares during the period. Victory Capital Management Inc.’s holdings in Veradigm were worth $430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDRX. Headlands Technologies LLC increased its position in shares of Veradigm by 14,907.7% in the fourth quarter. Headlands Technologies LLC now owns 9,755 shares of the software maker’s stock worth $102,000 after purchasing an additional 9,690 shares during the period. Truist Financial Corp raised its position in shares of Veradigm by 27.8% in the 4th quarter. Truist Financial Corp now owns 38,911 shares of the software maker’s stock valued at $408,000 after buying an additional 8,473 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Veradigm by 4.4% during the 4th quarter. New York State Common Retirement Fund now owns 78,343 shares of the software maker’s stock worth $822,000 after acquiring an additional 3,313 shares during the period. Duality Advisers LP acquired a new stake in shares of Veradigm during the 4th quarter worth approximately $396,000. Finally, abrdn plc bought a new position in Veradigm in the fourth quarter valued at approximately $4,496,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 target price (down previously from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. StockNews.com started coverage on Veradigm in a research report on Saturday. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.25.

Veradigm Trading Down 2.8 %

Shares of NASDAQ:MDRX opened at $7.55 on Friday. Veradigm Inc. has a 52-week low of $5.01 and a 52-week high of $14.09. The company has a fifty day moving average of $7.79 and a 200-day moving average of $9.14.

Veradigm 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.