Allscripts Reports an In-Line Quarter, but We Remain Cautious, Given Our Long-Term Outlook
Allscripts reported third-quarter earnings in line with our expectations, and we are reiterating our $12.60 fair value estimate and no-moat rating. The firm posted double-digit revenue growth, but bookings slowed and profit compressed year over year. Allscripts has made a few large acquisitions over the past six months that added materially to the top line. We believe these acquisitions also added to the firm’s cost basis. We expect Allscripts to improve upon this metric over the coming quarters...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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