Veradigm (NASDAQ:MDRX) Shares Gap Up – Here’s What Happened

Veradigm Inc. (NASDAQ:MDRX) shares gapped up prior to trading on Monday . The stock had previously closed at $9.31, but opened at $9.59. Veradigm shares last traded at $9.59, with a volume of 5,877 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Veradigm in a report on Wednesday. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.00.

Veradigm Stock Down 0.3 %

The company has a 50 day moving average of $9.59 and a 200-day moving average of $9.06.

Institutional Investors Weigh In On Veradigm

A number of large investors have recently made changes to their positions in MDRX. Innealta Capital LLC bought a new position in shares of Veradigm during the second quarter valued at approximately $38,000. Meadow Creek Wealth Advisors LLC purchased a new position in Veradigm during the 1st quarter valued at $83,000. Tyro Capital Management LLC bought a new position in Veradigm in the 1st quarter worth $9,055,000. Goldman Sachs Group Inc. lifted its position in shares of Veradigm by 6.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,596,684 shares of the software maker’s stock worth $16,749,000 after purchasing an additional 99,528 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Veradigm by 117.8% in the 4th quarter. Wellington Management Group LLP now owns 5,806,297 shares of the software maker’s stock worth $60,908,000 after purchasing an additional 3,140,483 shares during the period.

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.