NASDAQ:CHNG - Change Healthcare Stock Price, News & Analysis

$15.19
+0.13 (+0.86 %)
(As of 08/22/2019 02:19 AM ET)
Today's Range
$15.06
Now: $15.19
$15.31
50-Day Range
$12.68
MA: $14.09
$15.09
52-Week Range
$12.04
Now: $15.19
$15.50
Volume873,057 shs
Average Volume1.59 million shs
Market Capitalization$1.90 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Change Healthcare Inc., an independent healthcare technology platform, provides data and analytics-driven solutions to improve clinical, financial, and patient engagement outcomes in the United States healthcare system. It operates in three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment provides software and analytics solutions for financial performance, payment accuracy, clinical decision management, value-based payment, provider and consumer engagement, and imaging and clinical workflow. The Network Solutions segment enables financial, administrative, and clinical transactions; electronic business-to-business and consumer-to-business payments; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment provides solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company was founded in 2016 and is headquartered in Nashville, Tennessee. Change Healthcare Inc.(NasdaqGS:CHNG) operates independently of McKesson Corporation as of June 26, 2019.

Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CHNG
CUSIPN/A
CIKN/A
Phone615-932-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees14,000
Market Cap$1.90 billion
Next Earnings DateN/A
OptionableNot Optionable

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Change Healthcare (NASDAQ:CHNG) Frequently Asked Questions

What is Change Healthcare's stock symbol?

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

How were Change Healthcare's earnings last quarter?

Change Healthcare Inc. (NASDAQ:CHNG) announced its quarterly earnings data on Tuesday, August, 13th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.18. The business earned $814 million during the quarter, compared to the consensus estimate of $795.66 million. The firm's revenue was down 1.1% on a year-over-year basis. View Change Healthcare's Earnings History.

What price target have analysts set for CHNG?

16 Wall Street analysts have issued 12-month target prices for Change Healthcare's shares. Their forecasts range from $17.00 to $22.00. On average, they expect Change Healthcare's stock price to reach $19.0357 in the next year. This suggests a possible upside of 25.3% from the stock's current price. View Analyst Price Targets for Change Healthcare.

What is the consensus analysts' recommendation for Change Healthcare?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Change Healthcare in the last year. There are currently 1 hold rating and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Change Healthcare.

Has Change Healthcare been receiving favorable news coverage?

Headlines about CHNG stock have been trending positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Change Healthcare earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave news articles about the company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the near future. View News Stories for Change Healthcare.

Who are some of Change Healthcare's key competitors?

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), Cisco Systems (CSCO), Home Depot (HD), Mcdonald's (MCD), Thermo Fisher Scientific (TMO), Verizon Communications (VZ), Splunk (SPLK), Honeywell International (HON), Johnson & Johnson (JNJ) and Adaptive Biotechnologies (ADPT).

Who are Change Healthcare's key executives?

Change Healthcare's management team includes the folowing people:
  • Mr. Neil E. de Crescenzo IV, Pres, CEO & Director (Age 58)
  • Mr. Alex P. Choy, Exec. VP of R&D and Information Technology and Chief Information Officer (Age 57)
  • Ms. Linda K. Whitley-Taylor, Chief People Officer & Exec. VP (Age 55)
  • Mr. Kriten Joshi, Exec. VP & Pres of Network Solutions (Age 47)

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 $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.

When did Change Healthcare's quiet period expire?

Change Healthcare's quiet period expired on Tuesday, August 6th. Change Healthcare had issued 42,857,142 shares in its public offering on June 27th. The total size of the offering was $557,142,846 based on an initial share price of $13.00. During Change Healthcare's quiet period, insiders and any underwriters involved in the IPO were prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Change Healthcare's major shareholders?

Change Healthcare's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Blackstone Group Inc (50.38%), Point72 Asset Management L.P. (2.03%), JPMorgan Chase & Co. (2.00%), Citadel Advisors LLC (1.73%), Magnetar Financial LLC (1.48%) and York Capital Management Global Advisors LLC (1.28%). Company insiders that own Change Healthcare stock include August Calhoun, Bansi Nagji, Crescenzo Neil E De and Fredrik J Eliasson. View Institutional Ownership Trends for Change Healthcare.

Which major investors are buying Change Healthcare stock?

CHNG stock was purchased by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Point72 Asset Management L.P., JPMorgan Chase & Co., Citadel Advisors LLC, Magnetar Financial LLC, York Capital Management Global Advisors LLC, Schroder Investment Management Group and Marshall Wace North America L.P.. Company insiders that have bought Change Healthcare stock in the last two years include August Calhoun, Bansi Nagji, Crescenzo Neil E De and Fredrik J Eliasson. View Insider Buying and Selling for Change Healthcare.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Change Healthcare's stock price today?

One share of CHNG stock can currently be purchased for approximately $15.19.

How big of a company is Change Healthcare?

Change Healthcare has a market capitalization of $1.90 billion. Change Healthcare employs 14,000 workers across the globe.View Additional Information About Change Healthcare.

What is Change Healthcare's official website?

The official website for Change Healthcare is http://www.changehealthcare.com/.

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.


MarketBeat Community Rating for Change Healthcare (NASDAQ CHNG)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  20 (Vote Outperform)
Underperform Votes:  9 (Vote Underperform)
Total Votes:  29
MarketBeat's community ratings are surveys of what our community members think about Change Healthcare and other stocks. Vote "Outperform" if you believe CHNG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CHNG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/22/2019 by MarketBeat.com Staff

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