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Best Health Information Service Stocks to Buy Now (2022)

Top health information service stocks in 2022 ranked by overall Zen Score. See the best health information service stocks to buy now, according to analyst forecasts for the health information services industry.

According to Zen Score, the 3 best health information service stocks to buy right now are:

R1 Rcm (NASDAQ:RCM) is the top health information service stock with a Zen Score of 53, which is 24 points higher than the health information service industry average of 29. It passed 18 out of 33 due diligence checks and has strong fundamentals. R1 Rcm has seen its stock return 24.25% over the past year, overperforming other health information service stocks by 66 percentage points.

R1 Rcm has an average 1 year price target of $27.50, an upside of 6.92% from R1 Rcm's current stock price of $25.72.

R1 Rcm stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering R1 Rcm, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Doximity (NYSE:DOCS) is the second best health information service stock with a Zen Score of 53, which is 24 points higher than the health information service industry average of 29. It passed 18 out of 33 due diligence checks and has strong fundamentals. Doximity has seen its stock lose -31.86% over the past year, overperforming other health information service stocks by 10 percentage points.

Doximity has an average 1 year price target of $45.64, an upside of 25.08% from Doximity's current stock price of $36.49.

Doximity stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Doximity, 50% have issued a Strong Buy rating, 28.57% have issued a Buy, 7.14% have issued a hold, while 7.14% have issued a Sell rating, and 7.14% have issued a Strong Sell.

Allscripts Healthcare Solutions (NASDAQ:MDRX) is the third best health information service stock with a Zen Score of 50, which is 21 points higher than the health information service industry average of 29. It passed 16 out of 33 due diligence checks and has strong fundamentals. Allscripts Healthcare Solutions has seen its stock return 0.76% over the past year, overperforming other health information service stocks by 43 percentage points.

Allscripts Healthcare Solutions has an average 1 year price target of $22.00, an upside of 27.24% from Allscripts Healthcare Solutions's current stock price of $17.29.

Allscripts Healthcare Solutions stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Allscripts Healthcare Solutions, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 2 health information service stocks that have issued dividends in the past year, the 2 health information service stocks with the highest dividend yields are:

Premier (NASDAQ:PINC) has an annual dividend yield of 2.11%, which is 1 percentage points higher than the health information service industry average of 1.24%.

Premier's dividend payout ratio of 37.3% indicates that its dividend yield is sustainable for the long-term.

Simulations Plus (NASDAQ:SLP) has an annual dividend yield of 0.37%, which is -1 percentage points lower than the health information service industry average of 1.24%. Simulations Plus's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Simulations Plus's dividend has shown consistent growth over the last 10 years.

Simulations Plus's dividend payout ratio of 40.7% indicates that its dividend yield is sustainable for the long-term.

Health information service stocks were down -2.51% in the last day, and down -0.81% over the last week. Optimizerx was the among the top losers in the health information services industry, dropping -6.43% yesterday.

OptimizeRx shares are trading lower after the company reported worse-than-expected Q2 EPS and sales results and issued FY22 sales guidance below estimates.

Based on WallStreetZen's Valuation Score, the 3 most undervalued health information service stocks right now are:

Computer Programs & Systems (NASDAQ:CPSI) is the most undervalued health information service stock based on WallStreetZen's Valuation Score. Computer Programs & Systems has a valuation score of 71, which is 46 points higher than the health information service industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Computer Programs & Systems's stock has dropped -10.67% in the past year. It has overperformed other stocks in the health information service industry by 31 percentage points.

Premier (NASDAQ:PINC) is the second most undervalued health information service stock based on WallStreetZen's Valuation Score. Premier has a valuation score of 57, which is 32 points higher than the health information service industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Premier's stock has gained 6.57% in the past year. It has overperformed other stocks in the health information service industry by 48 percentage points.

Zhongchao (NASDAQ:ZCMD) is the third most undervalued health information service stock based on WallStreetZen's Valuation Score. Zhongchao has a valuation score of 43, which is 18 points higher than the health information service industry average of 25. It passed 3 out of 7 valuation due diligence checks.

Zhongchao's stock has dropped -27.38% in the past year. It has overperformed other stocks in the health information service industry by 14 percentage points.