Newgen Software share price rallies over 4% after Jefferies raises target

Newgen Software Technologies share price rallied over 4% on Monday after foreign brokerage firm Jefferies raised target price on the stock. Newgen Software shares gained as much as 4.16% to 1,474.00 apiece on the BSE.

Jefferies maintained a ‘Buy’ rating on Newgen Software Technologies and raised the target price to 1,740 per share, based on 35x PE, implying a PEG of 1.3x, from earlier 1,275.

The brokerage said it was more confident on Newgen’s growth outlook and raised its revenue estimates by 2-3% and EPS estimates by 2-4%.

“We expect Newgen to deliver a strong 26% EPS

Turquoise Health Raises $30M for its Price Transparency Software

price transparency

Hospitals’ compliance with price transparency laws has increased In the past year, with most hospitals currently displaying the cost data they need to in order to comply significantly with the regulations. That wasn’t always the case, though. Hospitals had a difficult time meeting CMS’ price transparency requirements during the first two years they were enforced — a JAMA study published a year and a half after the rule went into effect showed that fewer than 6% of US hospitals were fully compliant.

To achieve compliance, many health systems have turned to technology vendors for assistance. One of these vendors —

IBM expands its software portfolio to India and 92 other nations in AWS Marketplace | Technology News

Tech giant IBM has announced that it is expanding its software portfolio globally to 92 countries in AWS Marketplace. For the uninitiated, AWS Marketplace is a digital catalog that features thousands of software listings from independent software vendors or (ISVs) making it easier to search, test, purchase, and deploy software that runs on Amazon Web Services (AWS).

This expansion beyond Denmark, Germany, France, the UK, and the US will make it easy for clients to streamline purchasing and create new efficiencies. Based on a recent study by Canalys, cloud marketplaces like AWS continue to emerge as the fastest-growing route to