Analysts Set Veradigm Inc. (NASDAQ:MDRX) PT at $11.25

Veradigm Inc. (NASDAQ:MDRX) has been given an average rating of “Hold” by the five ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.25.

MDRX has been the topic of several recent analyst reports. Barclays started coverage on Veradigm in a report on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 target price on the stock. StockNews.com assumed coverage on shares of Veradigm in a research report on Monday. They issued a “hold” rating on the stock. Royal Bank of Canada reduced their target price on Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $10.00 price target (down previously from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MDRX. Vanguard Group Inc. raised its stake in shares of Veradigm by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker’s stock worth $149,754,000 after purchasing an additional 95,291 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of 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 acquiring an additional 3,140,483 shares during the period. State Street Corp grew its position in shares of Veradigm by 3.2% in the first quarter. State Street Corp now owns 4,448,241 shares of the software maker’s stock valued at $100,174,000 after purchasing an additional 136,905 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Veradigm by 16.6% during the third 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 period. Finally, Pacer Advisors Inc. increased its position in 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 buying an additional 1,307,024 shares during the period.

Veradigm Price Performance

Shares of Veradigm stock opened at $7.55 on Friday. The company’s fifty day moving average price is $7.81 and its two-hundred day moving average price is $10.16. Veradigm has a 52-week low of $5.01 and a 52-week high of $14.09.

Veradigm Company 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.