StockNews.com Initiates Coverage on Veradigm (NASDAQ:MDRX)

StockNews.com started coverage on shares of Veradigm (NASDAQ:MDRX) in a report released on Saturday morning. The firm issued a hold rating on the software maker’s stock.

Veradigm Stock Performance

Shares of NASDAQ:MDRX opened at $11.11 on Friday. Veradigm has a 12-month low of $5.01 and a 12-month high of $13.22. The company’s 50 day moving average price is $9.51 and its two-hundred day moving average price is $9.27.

Hedge Funds Weigh In On Veradigm

An institutional investor recently bought a new position in Veradigm stock. Tyro Capital Management LLC purchased a new position in Veradigm Inc. (NASDAQ:MDRX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,176,015 shares of the software maker’s stock, valued at approximately $9,055,000. Veradigm accounts for 5.2% of Tyro Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Tyro Capital Management LLC owned approximately 1.08% of Veradigm as of its most recent filing with the Securities and Exchange Commission (SEC).

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.