Change Healthcare (NASDAQ:CHNG) posted its quarterly earnings data on Tuesday. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.18, Fidelity Earnings reports. The firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $795.66 million. Change Healthcare’s revenue was down 1.1% compared to the same quarter last year.

Change Healthcare stock opened at $13.04 on Wednesday. Change Healthcare has a 1 year low of $12.04 and a 1 year high of $15.30.

A number of equities analysts have recently weighed in on CHNG shares. Svb Leerink started coverage on shares of Change Healthcare in a research report on Monday, July 22nd. They issued an “outperform” rating and a $20.00 price objective for the company. Cowen started coverage on shares of Change Healthcare in a research report on Monday, July 22nd. They issued an “outperform” rating and a $17.00 price objective for the company. Wells Fargo & Co started coverage on shares of Change Healthcare in a research report on Monday, July 22nd. They issued a “market perform” rating for the company. Bank of America started coverage on shares of Change Healthcare in a research report on Monday, July 22nd. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Barclays started coverage on shares of Change Healthcare in a research report on Monday, July 22nd. They issued an “overweight” rating and a $18.00 price objective for the company. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Change Healthcare presently has a consensus rating of “Buy” and an average target price of $19.04.

In related news, Director Bansi Nagji bought 5,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $65,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fredrik J. Eliasson bought 30,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average price of $13.00 per share, with a total value of $390,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 36,000 shares of company stock valued at $468,000.

About Change Healthcare

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.

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