Cerner Rebounds as Its Solid 1Q Numbers and New Business Wins Are Major Positives
Cerner has struggled over the last several quarters as a changing healthcare IT market has pressured its operations. However, the firm reported strong revenue and bookings growth for its recent first quarter driven by both client wins and cross-sales. Based on the results, we don’t expect any major changes to our fair value estimate and we are reiterating our wide moat rating. We were impressed with the material top- and bottom-line expansion and believe the firm has been better able to adapt to...Cerner designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides a range of services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. The company has two operating segments: Domestic, which includes business activity in the United States; and International, which includes business activity outside the United States.
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.
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