Veradigm Inc. (NASDAQ:MDRX) Receives $12.00 Consensus Target Price from Analysts

Shares of Veradigm Inc. (NASDAQ:MDRX) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.00.

Several research firms have weighed in on MDRX. TD Cowen cut their target price 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. StockNews.com initiated coverage on Veradigm in a research note on Friday, September 6th. They set a “hold” rating on the stock.

Veradigm Stock Up 2.5 %

Shares of Veradigm stock opened at $9.89 on Monday. Veradigm has a 12 month low of $5.01 and a 12 month high of $14.09. The business has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $8.71.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MDRX. New York State Common Retirement Fund increased its stake in Veradigm by 4.4% in the 4th 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 last quarter. Truist Financial Corp boosted its position in Veradigm by 27.8% during the fourth quarter. Truist Financial Corp now owns 38,911 shares of the software maker’s stock valued at $408,000 after purchasing an additional 8,473 shares during the last quarter. Victory Capital Management Inc. grew its stake in Veradigm by 27.0% in the fourth quarter. Victory Capital Management Inc. now owns 40,947 shares of the software maker’s stock valued at $430,000 after purchasing an additional 8,710 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Veradigm by 8.9% during 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 purchasing an additional 171,199 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Veradigm by 1.8% during the 4th quarter. Teacher Retirement System of Texas now owns 74,821 shares of the software maker’s stock worth $785,000 after purchasing an additional 1,331 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.