Veradigm (NASDAQ:MDRX) Shares Gap Up to $9.65

Shares of Veradigm Inc. (NASDAQ:MDRX) gapped up prior to trading on Tuesday . The stock had previously closed at $9.65, but opened at $9.99. Veradigm shares last traded at $9.80, with a volume of 215,925 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MDRX shares. StockNews.com started coverage on shares of Veradigm in a research note on Saturday, July 20th. They set a “hold” rating for the company. TD Cowen lowered their price objective on shares of Veradigm from $26.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, May 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Veradigm presently has an average rating of “Hold” and an average target price of $12.00.

Veradigm Stock Performance

The company’s fifty day moving average is $9.31 and its two-hundred day moving average is $8.58.

Hedge Funds Weigh In On Veradigm

A number of institutional investors have recently added to or reduced their stakes in MDRX. Wellington Management Group LLP lifted its holdings in Veradigm by 117.8% in the 4th quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock worth $60,908,000 after buying an additional 3,140,483 shares in the last quarter. Tyro Capital Management LLC acquired a new position in Veradigm in the 1st quarter worth $9,055,000. Kent Lake Capital LLC lifted its holdings in Veradigm by 62.2% in the 4th quarter. Kent Lake Capital LLC now owns 1,500,000 shares of the software maker’s stock worth $15,735,000 after buying an additional 575,000 shares in the last quarter. abrdn plc acquired a new position in Veradigm in the 4th quarter worth $4,496,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Veradigm by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,087,605 shares of the software maker’s stock worth $21,899,000 after buying an additional 171,199 shares in the last quarter.

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.