Change Healthcare (CHNG) Stock Price, News & Analysis

Company Overview

Change Healthcare Inc., an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment offers software and analytics solutions for revenue cycle management, provider network management, payment accuracy, clinical decision support, value-based payment, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. The Network Solutions segment provides solutions for financial, administrative, and clinical and pharmacy transactions; connected consumer health; network; electronic payments; data; pharmacy; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment offers solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company serves commercial insurers, private insurers, BlueCross Blue Shield plans, Medicare/Medicaid plans, provider-sponsored payers, third party administrators, emerging technology and data-driven health plans, and other specialty health benefits insurers, as well as hospitals and health systems, physician practices, dentists, pharmacies, skilled nursing facilities, home health agencies, telehealth providers, senior care facilities, laboratories, and other healthcare providers. Change Healthcare Inc. was incorporated in 2016 and is headquartered in Nashville, Tennessee.

Key Stats

• Today's Range: $27.49 to $27.49
• 50-Day Range: $24.57 to $27.49
• 52-Week Range: $18.97 to $27.59
• Volume: 3 shs
• Average Volume: 3.70 million shs
• Market Capitalization: $9.03 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Change Healthcare Stock Analysis - MarketRank™

Change Healthcare scored higher than 23% of companies evaluated by MarketBeat, and ranked 843rd out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Change Healthcare.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 18.10%

Earnings Growth

Earnings for Change Healthcare are expected to grow by 18.10% in the coming year, from $1.05 to $1.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Change Healthcare is -114.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Change Healthcare is -114.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Change Healthcare has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Change Healthcare has a P/B Ratio of 2.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CHNG.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Change Healthcare does not currently pay a dividend.

Dividend Growth

Change Healthcare does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.1 / 5
• Environmental Score: -0.60

Short Interest

There is no current short interest data available for CHNG.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 6 news articles for Change Healthcare this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for CHNG on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Change Healthcare insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.14% of the stock of Change Healthcare is held by insiders.

Percentage Held by Institutions

91.47% of the stock of Change Healthcare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CHNG Stock Analysis - Frequently Asked Questions

How were Change Healthcare's earnings last quarter?

Change Healthcare Inc. (NASDAQ:CHNG) announced its quarterly earnings results on Tuesday, November, 2nd. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company's quarterly revenue was up 6.8% on a year-over-year basis.

When did Change Healthcare IPO?

Change Healthcare (CHNG) raised $751 million in an initial public offering (IPO) 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 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.

What other stocks do shareholders of Change Healthcare own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Change Healthcare investors own include NVIDIA (NVDA), Meta Platforms (META), Alibaba Group (BABA), Micron Technology (MU), Block (SQ), Roku (ROKU) and DocuSign (DOCU).

Company Calendar

• Last Earnings: 11/02/2021
• Today: 12/21/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Data Processing & Preparation
• Sub-Industry: N/A
• Current Symbol: NASDAQ:CHNG
• CUSIP: N/A
• CIK: 1756497
• Web: www.changehealthcare.com
• Phone: (615) 932-3000
• Fax: N/A
• Employees: 14,000
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.24)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 26.18
• P/E Growth: 3.26
• Net Income: $-57,390,000.00
• Net Margins: -2.20%
• Pretax Margin: -3.61%
• Return on Equity: 12.02%
• Return on Assets: 4.00%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 1.23
• Quick Ratio: 1.23

Sales & Book Value

• Annual Sales: $3.48 billion
• Price / Sales: 2.59
• Cash Flow: $3.64 per share
• Price / Cash Flow: 7.55
• Book Value: $10.50 per share
• Price / Book: 2.62

Miscellaneous

• Outstanding Shares: 328,309,000
• Free Float: 321,283,000
• Market Cap: $9.03 billion
• Optionable: Not Optionable
• Beta: 0.85