Veradigm (NASDAQ:MDRX) Shares Gap Up to $7.45

Veradigm Inc. (NASDAQ:MDRX) gapped up prior to trading on Wednesday . The stock had previously closed at $7.45, but opened at $7.90. Veradigm shares last traded at $7.90, with a volume of 11,746 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com assumed coverage on Veradigm in a research note on Monday. They issued a “hold” rating on the stock. Royal Bank of Canada cut their target price on Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $10.00 target price (down previously from $15.00) on shares of Veradigm in a research note on Tuesday, March 19th. Finally, Barclays assumed coverage on Veradigm in a research note on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 target price on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.25.

Veradigm Stock Performance

The company has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $10.19.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Veradigm by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 14,275,875 shares of the software maker’s stock valued at $149,754,000 after buying an additional 95,291 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Veradigm by 117.8% in 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 in the last quarter. State Street Corp lifted its holdings 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 in the last quarter. William Blair Investment Management LLC lifted its holdings in 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 acquiring an additional 623,438 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Veradigm by 108.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock worth $26,399,000 after acquiring an additional 1,307,024 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.