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

Veradigm Inc. (NASDAQ:MDRX) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.00.

MDRX has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. StockNews.com assumed coverage on Veradigm in a research report on Wednesday, June 26th. They issued a “hold” rating on the stock. Finally, TD Cowen cut their target price on Veradigm from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Tyro Capital Management LLC acquired a new position in shares of Veradigm during the first quarter valued at $9,055,000. Horrell Capital Management Inc. acquired a new stake in shares of Veradigm in the 1st quarter worth approximately $385,000. Meadow Creek Wealth Advisors LLC bought a new position in shares of Veradigm in the first quarter valued at approximately $83,000. Vanguard Group Inc. boosted its holdings in shares of Veradigm by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker’s stock valued at $149,754,000 after acquiring an additional 95,291 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Veradigm by 117.8% during the fourth quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock worth $60,908,000 after purchasing an additional 3,140,483 shares in the last quarter.

Veradigm Stock Up 5.6 %

Shares of NASDAQ:MDRX opened at $9.50 on Wednesday. Veradigm has a fifty-two week low of $5.01 and a fifty-two week high of $14.09. The firm has a 50-day simple moving average of $8.57 and a 200 day simple moving average of $8.63.

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.