S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:CHNG

Change Healthcare Stock Forecast, Price & News

$20.73
-0.03 (-0.14%)
(As of 11/26/2021 12:00 AM ET)
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Compare
Today's Range
$20.55
$20.86
50-Day Range
$20.49
$21.97
52-Week Range
$16.80
$24.21
Volume
1.23 million shs
Average Volume
2.81 million shs
Market Capitalization
$6.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.4
30 days | 90 days | 365 days | Advanced Chart
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Change Healthcare logo

About Change Healthcare

Change Healthcare, Inc. engages in the development of healthcare technology platform that offers data and analytics-driven solutions. It operates through the following segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment provides solutions for revenue cycle management, provider network management, payment accuracy, value-based payments, clinical decision support, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. The Network Solutions segment offers solutions for financial, administrative, clinical and pharmacy transactions, electronic payments, and aggregation and analytics of clinical and financial data. The Technology-Enabled Services includes solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company was founded in 2007 and is headquartered in Nashville, TN.

Headlines

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Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:CHNG
Fax
N/A
Employees
15,000
Year Founded
N/A

Sales & Book Value

Annual Sales
$3.09 billion
Cash Flow
$3.28 per share
Book Value
$10.41 per share

Profitability

Net Income
$-112.21 million
Pretax Margin
-2.53%

Debt

Price-To-Earnings

Miscellaneous

Free Float
306,791,000
Market Cap
$6.46 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
11/02/2021
Today
11/27/2021
Next Earnings (Estimated)
2/02/2022
Fiscal Year End
3/31/2022

MarketRank

Overall MarketRank

1.86 out of 5 stars

Medical Sector

745th out of 1,392 stocks

Data Processing & Preparation Industry

50th out of 99 stocks

Analyst Opinion: 2.1Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Change Healthcare (NASDAQ:CHNG) Frequently Asked Questions

Is Change Healthcare a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Change Healthcare in the last year. There are currently 13 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Change Healthcare stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHNG, but not buy additional shares or sell existing shares.
View analyst ratings for Change Healthcare
or view top-rated stocks.

How has Change Healthcare's stock price been impacted by COVID-19?

Change Healthcare's stock was trading at $11.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CHNG stock has increased by 81.2% and is now trading at $20.73.
View which stocks have been most impacted by COVID-19
.

When is Change Healthcare's next earnings date?

Change Healthcare is scheduled to release its next quarterly earnings announcement on Wednesday, February 2nd 2022.
View our earnings forecast for Change Healthcare
.

How were Change Healthcare's earnings last quarter?

Change Healthcare Inc. (NASDAQ:CHNG) announced its quarterly earnings data on Tuesday, November, 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm earned $826.80 million during the quarter, compared to analysts' expectations of $833.09 million. Change Healthcare had a positive trailing twelve-month return on equity of 13.08% and a negative net margin of 1.53%. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS.
View Change Healthcare's earnings history
.

What price target have analysts set for CHNG?

16 Wall Street analysts have issued twelve-month price targets for Change Healthcare's shares. Their forecasts range from $22.00 to $25.75. On average, they anticipate Change Healthcare's stock price to reach $25.21 in the next twelve months. This suggests a possible upside of 21.6% from the stock's current price.
View analysts' price targets for Change Healthcare
or view top-rated stocks among Wall Street analysts.

Who are Change Healthcare's key executives?

Change Healthcare's management team includes the following people:
  • Neil E. de Crescenzo, President, Chief Executive Officer & Director
  • August W. Calhoun, Executive VP, President-Sales & Operations
  • Fredrik J. Eliasson, Chief Financial Officer & Executive Vice President
  • Monica McCullough, Chief Compliance & Ethics Officer
  • Linda K. Whitley-Taylor, Chief People Officer & Executive Vice President

What is Neil de Crescenzo's approval rating as Change Healthcare's CEO?

404 employees have rated Change Healthcare CEO Neil de Crescenzo on Glassdoor.com. Neil de Crescenzo has an approval rating of 56% among Change Healthcare's employees. This puts Neil de Crescenzo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Change Healthcare own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Change Healthcare investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Pfizer (PFE), CrowdStrike (CRWD), DocuSign (DOCU), Advanced Micro Devices (AMD), CVS Health (CVS), Intel (INTC) and Roku (ROKU).

When did Change Healthcare IPO?

(CHNG) raised $751 million in an initial public offering on Thursday, June 27th 2019. The company issued 42,900,000 shares at a price of $16.00-$19.00 per share. Barclays, Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Morgan Stanley and RBC Capital Markets acted as the underwriters for the IPO and Blackstone Capital Markets, Baird, Cantor, Cowen, First Liberties Financial, Guggenheim Securities, Piper Jaffray, SunTrust Robinson Humphrey, SVB Leerink, Wells Fargo Securities, William Blair, Drexel Hamilton and Siebert Cisneros Shank & Co. were co-managers.

What is Change Healthcare's stock symbol?

Change Healthcare trades on the NASDAQ under the ticker symbol "CHNG."

Who are Change Healthcare's major shareholders?

Change Healthcare's stock is owned by a variety of institutional and retail investors. Top institutional investors include Clarkston Capital Partners LLC (6.12%), Abrams Capital Management L.P. (5.45%), BlackRock Inc. (3.17%), Alliancebernstein L.P. (2.99%), Magnetar Financial LLC (2.34%) and Grantham Mayo Van Otterloo & Co. LLC (1.70%). Company insiders that own Change Healthcare stock include Fredrik J Eliasson, Paul Rareshide and Steven B Martin.
View institutional ownership trends for Change Healthcare
.

Which institutional investors are selling Change Healthcare stock?

CHNG stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Laurion Capital Management LP, Omni Partners US LLC, Arrowstreet Capital Limited Partnership, Westchester Capital Management LLC, BNP Paribas Arbitrage SA, Citigroup Inc., and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Change Healthcare company stock in the last year include Paul Rareshide, and Steven B Martin.
View insider buying and selling activity for Change Healthcare
or view top insider-selling stocks.

Which institutional investors are buying Change Healthcare stock?

CHNG stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Abrams Capital Management L.P., Camber Capital Management LP, Glenview Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Morgan Stanley, Capstone Investment Advisors LLC, and Deutsche Bank AG.
View insider buying and selling activity for Change Healthcare
or or view top insider-buying stocks.

How do I buy shares of Change Healthcare?

Shares of CHNG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Change Healthcare's stock price today?

One share of CHNG stock can currently be purchased for approximately $20.73.

How much money does Change Healthcare make?

Change Healthcare has a market capitalization of $6.46 billion and generates $3.09 billion in revenue each year. The company earns $-112.21 million in net income (profit) each year or ($0.15) on an earnings per share basis.

How many employees does Change Healthcare have?

Change Healthcare employs 15,000 workers across the globe.

What is Change Healthcare's official website?

The official website for Change Healthcare is www.changehealthcare.com.

Where are Change Healthcare's headquarters?

Change Healthcare is headquartered at 3055 Lebanon Pike Suite 1000, NASHVILLE TN, 37214.

How can I contact Change Healthcare?

Change Healthcare's mailing address is 3055 Lebanon Pike Suite 1000, NASHVILLE TN, 37214. The company can be reached via phone at (615) 932-3000 or via email at [email protected].


This page was last updated on 11/27/2021 by MarketBeat.com Staff

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