R1 RCM Inc. (NASDAQ:RCM) shares traded -2.55% lower at $16.04 on Wall Street last session.
In accordance with the data, 16 analysts cover R1 RCM Inc. (NASDAQ:RCM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $16.00, we find $20.00. Given the previous closing price of $16.46, this indicates a potential upside of 21.51 percent. RCM stock price is now -6.62% away from the 50-day moving average and 11.22% away from the 200-day moving average. The market capitalization of the company currently stands at $6.74B.
It has been rated a hold by 2 analysts and a buy by 12. Brokers who have rated the stock have averaged $20.13 as their price target over the next twelve months.
With the price target of $18, Stephens recently initiated with Overweight rating for R1 RCM Inc. (NASDAQ: RCM).
In other news, Evans Richard B. Jr., Principal Accounting Officer sold 17,000 shares of the company’s stock on Jun 12. The stock was sold for $286,229 at an average price of $16.84. Upon completion of the transaction, the Principal Accounting Officer now directly owns 124,007 shares in the company, valued at $1.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Principal Accounting Officer Evans Richard B. Jr. sold 12,000 shares of the business’s stock. A total of $200,280 was realized by selling the stock at an average price of $16.69. This leaves the insider owning 141,007 shares of the company worth $2.26 million. Insiders disposed of 16,465,586 shares of company stock worth roughly $264.11 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RCM stock. A new stake in R1 RCM Inc. shares was purchased by JENNISON ASSOCIATES LLC during the first quarter worth $31,470,000. ORBIMED ADVISORS LLC invested $28,070,000 in shares of RCM during the first quarter. In the first quarter, MACQUARIE GROUP LTD acquired a new stake in R1 RCM Inc. valued at approximately $14,951,000. SILVERCREST ASSET MANAGEMENT GROUP LLC acquired a new stake in RCM for approximately $12,940,000. STOCKBRIDGE PARTNERS LLC purchased a new stake in RCM valued at around $12,606,000 in the second quarter. In total, there are 344 active investors with 85.10% ownership of the company’s stock.
R1 RCM Inc. (NASDAQ: RCM) opened at $16.38 on Tuesday. During the past 12 months, R1 RCM Inc. has had a low of $6.71 and a high of $27.07. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for RCM is $17.18 and a two-hundred day moving average price translates $14.42 for the stock.
The latest earnings results from R1 RCM Inc. (NASDAQ: RCM) was released for Mar, 2023. According to the Health Information Services Company, earnings per share came in at $0, beating analysts’ expectations of -$0.02 by 0.02. This compares to $0.09 EPS in the same period last year. The net profit margin was -4.40% and return on equity was -3.20% for RCM. The company reported revenue of $545.6 million for the quarter, compared to $385.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.46 percent. For the current quarter, analysts expect RCM to generate $561.71M in revenue.
R1 RCM Inc.(RCM) Company Profile
R1 RCM Inc. provides technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and physician groups. It offers end-to-end revenue cycle management (RCM) services, which address the spectrum of revenue cycle challenges faced by healthcare providers. The company provides modular services, including physician advisory services, which assists healthcare organizations in complying with payer requirements regarding whether to classify a hospital visit as an in-patient or an out-patient observation case for billing purposes; practice management services that offers administrative and operational support for patient care and outsource non-core functions; revenue integrity solutions, including coding management services, such as business intelligence and analysis, human capital management, accountability framework, and quality management programs; patient experience; and business office services. R1 RCM Inc. was founded in 2003 and is headquartered in Murray, Utah.
