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

+0.42 (+2.57 %)
(As of 01/17/2020 04:00 PM ET)
Today's Range
Now: $16.77
50-Day Range
MA: $14.98
52-Week Range
Now: $16.77
Volume2.44 million shs
Average Volume1.63 million shs
Market Capitalization$2.09 billion
P/E RatioN/A
Dividend YieldN/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
Current SymbolNASDAQ:CHNG



Sales & Book Value

Annual SalesN/A



Market Cap$2.09 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 Thursday, November, 14th. The company reported $0.27 earnings per share for the quarter, meeting analysts' consensus estimates of $0.27. The company had revenue of $795.81 million for the quarter, compared to the consensus estimate of $776.18 million. The company's revenue for the quarter was down .5% on a year-over-year basis. View Change Healthcare's Earnings History.

What price target have analysts set for CHNG?

19 brokerages have issued 12-month price objectives for Change Healthcare's shares. Their forecasts range from $15.00 to $22.00. On average, they expect Change Healthcare's share price to reach $18.64 in the next year. This suggests a possible upside of 11.1% from the stock's current price. View Analyst Price Targets for Change Healthcare.

What is the consensus analysts' recommendation for Change Healthcare?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Change Healthcare in the last year. There are currently 1 hold rating and 18 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?

Media stories about CHNG stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Change Healthcare earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Change Healthcare.

Are investors shorting Change Healthcare?

Change Healthcare saw a increase in short interest in December. As of December 31st, there was short interest totalling 11,830,000 shares, an increase of 18.9% from the December 15th total of 9,950,000 shares. Based on an average trading volume of 903,300 shares, the short-interest ratio is presently 13.1 days. Approximately 23.8% of the company's shares are short sold. View Change Healthcare's Current Options Chain.

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), Union Pacific (UNP), Fortinet (FTNT), NVIDIA (NVDA), Kirkland Lake Gold (KL), Arch Capital Group (ACGL), Cisco Systems (CSCO), Five Below (FIVE), CVS Health (CVS) and Home Depot (HD).

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 served 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 lock-up period expire?

Change Healthcare's lock-up period expired on Tuesday, December 24th. 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. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the end of the lock-up period.

Who are Change Healthcare's major shareholders?

Change Healthcare's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include LGT Capital Partners LTD. (0.25%), Three Peaks Capital Management LLC (0.24%), Tocqueville Asset Management L.P. (0.08%) and Raymond James Trust N.A. (0.01%). 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 institutional investors are buying Change Healthcare stock?

CHNG stock was acquired by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., LGT Capital Partners LTD., Three Peaks Capital Management LLC and Raymond James Trust N.A.. 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, Robinhood, Fidelity and Charles Schwab.

What is Change Healthcare's stock price today?

One share of CHNG stock can currently be purchased for approximately $16.77.

How big of a company is Change Healthcare?

Change Healthcare has a market capitalization of $2.09 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:  1.6 out of 5 (star)
Outperform Votes:  48 (Vote Outperform)
Underperform Votes:  101 (Vote Underperform)
Total Votes:  149
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 1/18/2020 by MarketBeat.com Staff

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