Veradigm (NASDAQ:MDRX) Trading 4.2% Higher

Veradigm Inc. (NASDAQ:MDRXGet Free Report) rose 4.2% during mid-day trading on Friday . The stock traded as high as $10.00 and last traded at $9.90. Approximately 34,928 shares changed hands during trading, a decline of 99% from the average daily volume of 2,916,409 shares. The stock had previously closed at $9.50.

Analyst Ratings Changes

Several brokerages have recently weighed in on MDRX. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $10.00 price target (down previously from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. StockNews.com started coverage on Veradigm in a research note on Sunday, June 2nd. They set a “hold” rating for the company. Finally, TD Cowen decreased their target price on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

Get Our Latest Analysis on Veradigm

Veradigm Stock Up 2.1 %

The stock has a fifty day moving average of $8.04 and a 200 day moving average of $8.92.

Institutional Investors Weigh In On Veradigm

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Veradigm by 0.7% during the 4th 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 during the period. Wellington Management Group LLP lifted its stake in shares of Veradigm by 117.8% during the 4th 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 during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Veradigm by 16.6% during the 3rd quarter. William Blair Investment Management LLC now owns 4,375,005 shares of the software maker’s stock worth $57,488,000 after purchasing an additional 623,438 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Veradigm by 108.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock worth $26,399,000 after purchasing an additional 1,307,024 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Veradigm by 7.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,401,754 shares of the software maker’s stock worth $31,559,000 after purchasing an additional 165,642 shares during the last quarter.

Veradigm Company Profile

(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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