Waterfront Wealth Inc. Sells 9,084 Shares of Veradigm Inc. (NASDAQ:MDRX)

Waterfront Wealth Inc. reduced its position in shares of Veradigm Inc. (NASDAQ:MDRX) by 30.0% during the fourth quarter, Holdings Channel reports. The firm owned 21,178 shares of the software maker’s stock after selling 9,084 shares during the period. Waterfront Wealth Inc.’s holdings in Veradigm were worth $222,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Veradigm by 4.4% in the first quarter. Vanguard Group Inc. now owns 13,852,474 shares of the software maker’s stock worth $311,957,000 after purchasing an additional 584,339 shares in the last quarter. State Street Corp grew its holdings in shares of Veradigm by 3.2% during the 1st 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 during the last quarter. William Blair Investment Management LLC grew its holdings in shares of 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 valued at $57,488,000 after purchasing an additional 623,438 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Veradigm by 92.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,665,814 shares of the software maker’s stock valued at $35,029,000 after purchasing an additional 1,281,319 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Veradigm by 108.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,516,574 shares of the software maker’s stock valued at $26,399,000 after purchasing an additional 1,307,024 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently commented on MDRX. Royal Bank of Canada reduced their target price on shares of Veradigm from $22.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. StockNews.com started coverage on shares of Veradigm in a report on Monday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $10.00 price target (down previously from $15.00) on shares of Veradigm in a report on Tuesday, March 19th. Finally, Barclays initiated coverage on shares of Veradigm in a research report on Wednesday, January 3rd. They issued an “equal weight” rating and a $11.00 target price for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Veradigm currently has a consensus rating of “Hold” and an average price target of $11.25.

Veradigm Stock Up 1.0 %

Veradigm stock traded up $0.08 during trading hours on Thursday, hitting $7.63. The stock had a trading volume of 39,241 shares, compared to its average volume of 4,025,281. Veradigm Inc. has a 12-month low of $5.01 and a 12-month high of $14.09. The stock’s 50-day moving average price is $7.83 and its 200-day moving average price is $10.18.

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.