Sectors & Industries HealthcareHealth Information Services
Best Health Information Service Stocks to Buy Now (2024)
Top health information service stocks in 2024 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.

Industry: Health Information Servic...

Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Zen Score	Valuation Score	Financials Score	Forecast Score	Performance Score	Dividends Score
PGNY	PROGYNY INC	57	29	86	56	60	–
SLP	SIMULATIONS PLUS INC	55	0	86	78	50	60
VEEV	VEEVA SYSTEMS INC	48	0	86	56	50	–
DOCS	DOXIMITY INC	44	0	71	56	50	–
AKLI	AKILI INC	44	43	71	33	30	–
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Health Information Service Stocks FAQ

What are the best health information service stocks to buy right now in May 2024?

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

1. Progyny (NASDAQ:PGNY)

Progyny (NASDAQ:PGNY) is the top health information service stock with a Zen Score of 57, which is 32 points higher than the health information service industry average of 25. It passed 19 out of 33 due diligence checks and has strong fundamentals. Progyny has seen its stock lose -20.85% over the past year, underperforming other health information service stocks by -1 percentage points.

Progyny has an average 1 year price target of $42.40, an upside of 50.94% from Progyny's current stock price of $28.09.

Progyny stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Progyny, 80% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Simulations Plus (NASDAQ:SLP)

Simulations Plus (NASDAQ:SLP) is the second best health information service stock with a Zen Score of 55, which is 30 points higher than the health information service industry average of 25. It passed 21 out of 38 due diligence checks and has strong fundamentals. Simulations Plus has seen its stock return 22.59% over the past year, overperforming other health information service stocks by 42 percentage points.

Simulations Plus has an average 1 year price target of $51.00, an upside of 0.1% from Simulations Plus's current stock price of $50.95.

Simulations Plus stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Simulations Plus, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Veeva Systems (NYSE:VEEV)

Veeva Systems (NYSE:VEEV) is the third best health information service stock with a Zen Score of 48, which is 23 points higher than the health information service industry average of 25. It passed 16 out of 33 due diligence checks and has strong fundamentals. Veeva Systems has seen its stock return 26.56% over the past year, overperforming other health information service stocks by 46 percentage points.

Veeva Systems has an average 1 year price target of $239.59, an upside of 13.94% from Veeva Systems's current stock price of $210.27.

Veeva Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Veeva Systems, 41.18% have issued a Strong Buy rating, 29.41% have issued a Buy, 23.53% have issued a hold, while 0% have issued a Sell rating, and 5.88% have issued a Strong Sell.

What are the health information service stocks with highest dividends?

Out of 6 health information service stocks that have issued dividends in the past year, the 3 health information service stocks with the highest dividend yields are:

1. Spok Holdings (NASDAQ:SPOK)

Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 7.93%, which is 5 percentage points higher than the health information service industry average of 3.26%. Spok Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Spok Holdings's dividend has shown consistent growth over the last 10 years.

Spok Holdings's dividend payout ratio of 148.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. So Young International (NASDAQ:SY)

So Young International (NASDAQ:SY) has an annual dividend yield of 4.88%, which is 2 percentage points higher than the health information service industry average of 3.26%.

So Young International's dividend payout ratio of 208.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. National Research (NASDAQ:NRC)

National Research (NASDAQ:NRC) has an annual dividend yield of 4.77%, which is 2 percentage points higher than the health information service industry average of 3.26%. National Research's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. National Research's dividend has not shown consistent growth over the last 10 years.

National Research's dividend payout ratio of 118.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are health information service stocks up?

Health information service stocks were up 0.25% in the last day, and up 2.04% over the last week. Doximity was the among the top gainers in the health information services industry, gaining 18.07% yesterday.

Doximity shares are trading higher following better-than-expected Q4 financial results and issued Q1 2025 revenue guidance above estimates. Also, Evercore ISI Group maintained an In-Line rating and raised its price target from $28 to $29.

What are the most undervalued health information service stocks?

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

1. Premier (NASDAQ:PINC)

Premier (NASDAQ:PINC) is the most undervalued health information service stock based on WallStreetZen's Valuation Score. Premier has a valuation score of 57, which is 43 points higher than the health information service industry average of 14. It passed 4 out of 7 valuation due diligence checks.

Premier's stock has dropped -26.91% in the past year. It has underperformed other stocks in the health information service industry by -7 percentage points.

2. Definitive Healthcare (NASDAQ:DH)

Definitive Healthcare (NASDAQ:DH) is the second most undervalued health information service stock based on WallStreetZen's Valuation Score. Definitive Healthcare has a valuation score of 43, which is 29 points higher than the health information service industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Definitive Healthcare's stock has dropped -38.89% in the past year. It has underperformed other stocks in the health information service industry by -19 percentage points.

3. Akili (NASDAQ:AKLI)

Akili (NASDAQ:AKLI) is the third most undervalued health information service stock based on WallStreetZen's Valuation Score. Akili has a valuation score of 43, which is 29 points higher than the health information service industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Akili's stock has dropped -69.57% in the past year. It has underperformed other stocks in the health information service industry by -50 percentage points.

Are health information service stocks a good buy now?

47.37% of health information service stocks rated by analysts are a strong buy right now. On average, analysts expect health information service stocks to rise by 26.88% over the next year.

What is the average p/e ratio of the health information services industry?

The average P/E ratio of the health information services industry is 9.15x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

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