Veradigm (NASDAQ:MDRX) Shares Down 2.6%

Veradigm Inc. (NASDAQ:MDRX - Get Free Report)'s share price was down 2.6% during trading on Monday . The stock traded as low as $7.75 and last traded at $7.75. Approximately 4,508 shares traded hands during trading, a decline of 100% from the average daily volume of 3,715,788 shares. The stock had previously closed at $7.96.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDRX. Royal Bank of Canada lowered their price objective on shares of Veradigm from $22.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $10.00 price objective (down from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Barclays started coverage on shares of Veradigm in a research note on Wednesday, January 3rd. They issued an "equal weight" rating and a $11.00 price objective for the company. Finally, StockNews.com started coverage on Veradigm in a report on Tuesday, April 23rd. They issued a "hold" rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.25.

Veradigm Price Performance

The business's 50-day moving average price is $7.75 and its 200-day moving average price is $9.86.

Hedge Funds Weigh In On Veradigm

Several institutional investors and hedge funds have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Veradigm by 216.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 142,489 shares of the software maker's stock worth $1,872,000 after purchasing an additional 97,432 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Veradigm by 8.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,068 shares of the software maker's stock valued at $264,000 after buying an additional 1,507 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Veradigm by 34.1% in the third quarter. Mackenzie Financial Corp now owns 60,250 shares of the software maker's stock worth $800,000 after acquiring an additional 15,318 shares in the last quarter. Assetmark Inc. grew its stake in shares of Veradigm by 15.5% during the third quarter. Assetmark Inc. now owns 62,008 shares of the software maker's stock worth $815,000 after acquiring an additional 8,310 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Veradigm by 3.7% during the third quarter. Teacher Retirement System of Texas now owns 73,490 shares of the software maker's stock valued at $966,000 after acquiring an additional 2,639 shares in the last quarter.

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.