Coverage Initiated on Select Healthcare Information Services’ Stocks

LONDON, UK / ACCESSWIRE / July 18, 2016 / Active Wall St. announces the list of stocks for today’s coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Healthcare Information Services industry. Companies recently under review include Cerner, Veeva Systems, WebMD Health, and Inovalon Holdings. See our complete notes on Cerner at:

http://www.activewallst.com/registration-3/?symbol=CERN

Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/.

Moderate growth is expected for the overall Healthcare Information Services space due to continuous demand for health care information, products, and services. However, several challenges, such as costs and healthcare technology, should persist. Let us see how these are affecting some of the big names in the industry. Register with us now for your free membership and more at:

http://www.activewallst.com/register/

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Cerner Corp. (NASDAQ: CERN)

North Kansas City, Missouri headquartered Cerner Corp.’s stock finished last Friday’s session 0.36% lower at $60.58 and with a total volume of 1.62 million shares traded. The Company’s shares have gained 11.14% in the past month, 6.24% in the previous three months, and 0.68% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.23% and 5.53%, respectively. Additionally, shares of Cerner, which designs, develops, markets, installs, hosts, and supports health care information technology, health care devices, hardware, and content solutions for health care organizations and consumers in the U.S. and globally, have a Relative Strength Index (RSI) of 66.16.

On June 16th, 2016, The International Union of Operating Engineers’ Kansas City Local 101 chapter announced the opening of its on-site member health facility, the Union Health and Wellness Center operated by Cerner, a global leader in health care, staffs and operates the state-of-the-art facility. Local 101 is the first building and trades union in Kansas City to offer an on-site health care center to its 4,500 members, their dependents and retirees throughout 56 counties.

On July 5th, 2016, research firm Raymond James downgraded the Company’s stock rating from ‘Outperform’ to ‘Market Perform’.

Veeva Systems Inc. (NYSE: VEEV)

On Friday, shares in Pleasanton, California headquartered Veeva Systems Inc. ended the session 0.41% higher at $36.35. The stock recorded a trading volume of 771,530 shares. The Company’s shares have gained 5.85% in the last one month, 41.06% in the previous three months, and 26.00% on an YTD basis. The stock is trading 12.21% above its 50-day moving average and 32.82% above its 200-day moving average. Moreover, shares of Veeva Systems, which provides industry cloud software and data solutions for the life sciences industry in North America, the European Union, the Asia Pacific, and globally, have an RSI of 64.90.

On June 9th, 2016, Veeva Systems introduced Veeva Vault PromoMats DAM, the only industry-specific solution that combines digital asset management capabilities with medical, legal, regulatory review in a single enterprise cloud application. Veeva will now offer two options for managing commercial content – Veeva Vault PromoMats and Vault PromoMats DAM – to give customers greater choice in streamlining their digital supply chain. The company stated that more than 100 global life sciences companies across 160+ countries rely on Vault PromoMats for commercial content management. Sign up and get the note on VEEV at:

http://www.activewallst.com/registration-3/?symbol=VEEV

WebMD Health Corp. (NASDAQ: WBMD)

New York headquartered WebMD Health Corp.’s stock dropped 1.26%, closing the session at $61.13 with a total volume of 439,740 shares traded. The Company’s shares have advanced 26.56% on an YTD basis. The stock is trading 13.82% above its 200-day moving average. Additionally, shares of WebMD Health, which provides health information services to consumers, physicians and other healthcare professionals, employers, and health plans through its public and private online portals, mobile platforms, and health-focused publications in the U.S., have an RSI of 52.16.

On June 01st, 2016, WebMD Health Corp. revealed that it closed its private placement of $360 million aggregate principal amount of 2.625% Convertible Notes due 2023. This included $60 million aggregate principal amount of notes pursuant to the exercise in full of the initial purchaser’s over-allotment option. WebMD Health said the notes were convertible into shares of its common stock based on an initial conversion rate of 11.4845 shares per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $87.07 per share.

On July 11th, 2016, research firm Mizuho initiated a ‘Neutral’ rating, issuing a target price of $68 on the Company’s stock. Register for free and access the latest notes on WBMD at:

http://www.activewallst.com/registration-3/?symbol=WBMD

Inovalon Holdings Inc. (NASDAQ: INOV)

On Friday, Bowie, Maryland headquartered technology company, Inovalon Holdings Inc.’s stock recorded a trading volume of 552,940 shares and ended the day 1.79% lower at $19.25. The Company’s shares have advanced 12.38% in the past month, 2.01% over the previous three months, and 13.24% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.14% and 3.86%, respectively. Furthermore, shares of Inovalon Holdings, which provides cloud-based data analytics and data-driven intervention platforms to the healthcare industry in the U.S., have an RSI of 59.65. The note on INOV is available for free at:

http://www.activewallst.com/registration-3/?symbol=INOV

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com
Phone number: 1-858-257-3144
Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 442500