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

StockNews.com started coverage on shares of Veradigm (NASDAQ:MDRX) in a research note released on Friday. The brokerage issued a hold rating on the software maker’s stock.

Separately, TD Cowen cut their price target on shares of Veradigm from $26.00 to $15.00 and set a buy rating on the stock in a report 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’s stock. According to MarketBeat, Veradigm presently has a consensus rating of Hold and an average target price of $12.00.

Veradigm Price Performance

Shares of NASDAQ:MDRX opened at $9.70 on Friday. The company’s 50-day moving average is $9.64 and its 200 day moving average is $8.68. Veradigm has a fifty-two week low of $5.01 and a fifty-two week high of $14.09.

Institutional Investors Weigh In On Veradigm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake 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 valued at $21,899,000 after acquiring an additional 171,199 shares during the period. Allianz Asset Management GmbH increased its position in shares of Veradigm by 41.2% during the fourth quarter. Allianz Asset Management GmbH now owns 343,433 shares of the software maker’s stock valued at $3,603,000 after buying an additional 100,275 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Veradigm by 6.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,596,684 shares of the software maker’s stock valued at $16,749,000 after buying an additional 99,528 shares during the period. Aigen Investment Management LP bought a new stake in shares of Veradigm during the fourth quarter valued at about $231,000. Finally, New York State Common Retirement Fund increased its position in shares of Veradigm by 4.4% during the fourth quarter. New York State Common Retirement Fund now owns 78,343 shares of the software maker’s stock valued at $822,000 after buying an additional 3,313 shares during the period.

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.