Shares of Veradigm Inc. (NASDAQ:MDRX - Get Free Report) rose 3.8% during trading on Tuesday . The stock traded as high as $8.10 and last traded at $8.10. Approximately 18,402 shares changed hands during trading, a decline of 100% from the average daily volume of 4,657,756 shares. The stock had previously closed at $7.80.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. StockNews.com started coverage on Veradigm in a report on Saturday. They issued a "hold" rating for the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $10.00 price target (down from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. Barclays assumed coverage on shares of Veradigm in a research report on Wednesday, January 3rd. They issued an "equal weight" rating and a $11.00 price objective for the company. Finally, Royal Bank of Canada decreased their price objective on Veradigm from $22.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.25.
Check Out Our Latest Analysis on Veradigm
Veradigm Price Performance
The company's fifty day moving average is $8.13 and its two-hundred day moving average is $10.55.
Hedge Funds Weigh In On Veradigm
Several institutional investors have recently modified their holdings of the stock. Creative Planning grew its holdings in Veradigm by 2,848.4% during the third quarter. Creative Planning now owns 474,376 shares of the software maker's stock valued at $6,233,000 after purchasing an additional 458,287 shares during the period. Burney Co. grew its holdings in shares of Veradigm by 652.8% in the 3rd quarter. Burney Co. now owns 234,094 shares of the software maker's stock valued at $3,076,000 after buying an additional 202,999 shares during the period. Pacer Advisors Inc. increased its position in shares of Veradigm by 108.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker's stock valued at $26,399,000 after buying an additional 1,307,024 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of Veradigm in the 3rd quarter valued at $825,000. Finally, William Blair Investment Management LLC raised its stake in 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 buying an additional 623,438 shares during the period.
About Veradigm
(
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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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